Upgrading your home has the most value in the satisfaction you will receive after the project is complete, but you may be interested in learning which upgrades will pay off the most when you sell your home.
Kitchens tend to be the focal point of the home and even small upgrades such as paint, wallpaper, and flooring will yield big returns. Stick with high quality materials and classic designs and you can make back 70% to 80% of your remodeling costs.
Improving the energy-efficiency in your home is two-fold: saving you money on your utility bills and adding to the resale value of your home. Although some of these upgrades can be pricey, you can expect to recoup between 65% and 76% of your investment.
Whether you are remodeling a current bathroom or adding an addition, you can anticipate returns between 65% and 75%. Go all out with marble or granite, molded sinks, and ceramic tile and your new bathroom will almost pay for itself.
Adding a deck to your home can be the most cost-efficient way for adding square footage. They generally recoup 85% of their value. You can opt to install it yourself and save even more.
The greatest returns you can make are in the small improvements for your home. There is much more value in fixing a leaky roof or repairing structural issues than a bathroom upgrade, for example. Home maintenance and upkeep are not as enjoyable but will yield much better returns for you in the long run.