Which Remodeling Projects Normally Yield the Biggest ROI?

Ready for a change? If you’ve been spending an extra amount of time in your home these days, you might be noticing all the projects you’d like to complete. A home remodel can enhance the value of your property—but only if you pick the remodeling projects that yield the biggest return on your investment (ROI).

Here’s an overview of the best home remodeling ideas for your ROI in Tyler, TX.

Bathrooms

Updating and adding bathrooms are two of the biggest ways you can increase your home value. Buyers are looking for homes they don’t need to work on before they move in and feel comfortable, and having enough bathrooms for the expected number of people living there is important. Updating them so they have modern features, aesthetics and amenities is also a smart plan to increase your ROI.

Kitchens

Kitchens are the other biggest way you can add value to your home. Many people consider the kitchen to be the “heart” of the home, so features like double ovens, islands and excellent cabinet storage can swing the needle from “maybe” to “I have to have it.” However, be very careful that you choose materials that will support your ROI—your contractor will be able to help you decide what is a must-have versus a nice-to-have.

Curb appeal

When a person wants to buy a home, you’ve got to get them past the front door first—which is where curb appeal comes in. Remodels that focus on making a great first impression can add about a 5 percent increase to your home value. Think about updating your driveway, landscaping, lighting, paint and even a new front door.

Light and space

Anytime you can increase the amount of natural light in your home, you can increase your home value. Think about knocking out walls, enlarging windows or otherwise making your home a more open and airy space for people to live in.

Finished basements

Of course, adding more usable space is always a smart home improvement idea in Tyler, TX. Finishing your basement—whether you intend it for a media room, extra bedroom, craft room or glorified storage space—can add a huge amount of value, especially if you include an extra bathroom while you’re at it.

Decks

Livable space doesn’t necessarily have to mean outdoors. Well-made decks can recoup about an 80 percent ROI, which makes them one of the best remodeling projects you can add to your list.

Home offices

It looks like many of us will continue to trend toward a work-from-home environment, even after the current pandemic passes. Making a specific home office space on your property can attract buyers with flexible work environments, and recoup a good amount on your investment.

When you’re considering ideas for a home remodeling project in Tyler, TX, be sure to reach out to the team at Canfield Construction Management. We deliver superior results and can help you determine the exact home remodels that will bring you the biggest return on your investment.

Categorised in: Home Remodeling

This post was written by Writer