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How to add value to your home: Upgrades with the best ROI

by Vipin Gulati 09/25/2023

Whether you’re a homeowner or a real estate investor, it’s always important to know how to add value to your home. Many upgrades and renovations have a higher rate of return than others, and it’s helpful to know them to make the best possible investment in your property.

Here are some of the home upgrades with the highest returns on investment to consider:

Add a deck or patio

Outdoor living is a big priority for many potential homebuyers. Adding a patio or building a deck in your backyard is one way to add to your home value. Consider your choice of materials carefully, though. Some building materials can cost more up front, but will be cheaper and easier to maintain long-term.

Spruce up the bathroom

Most home improvement experts recommend focusing on bathroom renovations to add home value. Luckily, it doesn’t take a complete remodel to reap the rewards. Simple changes like replacing fixtures, adding storage space and repainting can result in a considerable payoff.

Increase energy efficiency

Energy efficiency is a top priority among potential buyers, both to help the environment and save on utility bills. Simple upgrades like installing a smart thermostat and energy-efficient appliances are high ROI projects. You can also consider more extensive upgrades like replacing windows, insulation and HVAC system.

Revisit landscaping

Landscaping is an often overlooked area of home improvement that can bring in massive returns. Trim shrubs, prune trees and plant new, low-maintenance greenery to refresh your outdoor spaces and enhance curb appeal. Other upgrades include installing simple water features, garden pathways and lighting.

These are just a few of the best ways to invest in your property and add value to your home. Consider these projects and others like them if you’re interested in boosting your ROI.

About the Author
Author

Vipin Gulati

Hi, I'm Vipin Gulati and I'd love to assist you. There are many qualities and skills that go into being an excellent and successful Real Estate Professional - integrity, honesty, market knowledge, marketing savvy, effective negotiation skills all of which are hallmarks of how I work and have helped me grow in my profession.

I listen to my client's needs and I am accessible whenever needed. I work hard and continually improve my marketing skills. I use the latest technology to successfully market my listings and search listings.
My clients needs are a priority to me and I am very thankful to all of them who have referred me to their friends and families.

Broker Associate
Graduate of Realtor Institue
Certified Residential Specialist
Chairmans Club & Platinum Club Member
RE/MAX Hall of Fame
Placed in the top 1% of Northern Illinois Realtors
Ranked in the RE/MAX Top 20 of Northern Illinois in 2021