What upgrades yield the highest return on investment in a home?

Homeowners often consider making upgrades or improvements to their homes with the hope of increasing its value and recouping the investment in the future. Here are some upgrades that typically yield the highest return on investment:

1. Kitchen remodel: A kitchen remodel can significantly increase the value of a home, especially if it includes updated appliances, countertops, cabinets, and flooring.

2. Bathroom remodel: A bathroom remodel is another popular upgrade that can improve the functionality and aesthetics of the home. Upgrades like new fixtures, a new shower or tub, and updated flooring can add value.

3. Outdoor living space: Adding an outdoor living space such as a deck, patio, or outdoor kitchen can increase a home's appeal, especially in areas with good weather year-round.

4. Energy-efficient upgrades: Making energy-efficient upgrades such as installing solar panels, upgrading insulation, and installing energy-efficient windows and appliances can save homeowners money on utility bills and increase the value of the home.

5. Landscaping: Improving the landscaping around a home can enhance its curb appeal, which can make a big difference in attracting potential buyers.

6. Additional living space: Adding extra living space, such as finishing a basement or family room or adding a bedroom, can increase a home's value and appeal to potential buyers.

It's important to note that the return on investment for home upgrades can vary depending on factors such as location, market conditions, and the quality of the upgrades. Homeowners should carefully consider their goals and budget before deciding on any upgrades or renovations.

If you are looking to invest in upgrades to increase your ROI, consider a consultation with me first. We offer our vetted and proven relationship with contractors as well as our Concierge program where you pay for the upgrades at settlement in order to minimize the out of pocket cost of repairs.