Welcome back to Part Two of this extended discussion about the best ROI home improvements. So far, you’ve learned the importance of updating your home and choosing the right renovations to add value to your home and produce a profit when it comes time to sell.
Even if you don’t plan on selling your home, you always want to be prepared for the unexpected. Plus, who wouldn’t enjoy home updates that make life easier, better, and fit perfectly into your lifestyle? Regardless of your future, it’s important to consider ROI when making changes to your home.
Below, you’ll discover the final four of eight home improvements that yield the highest ROI. Continue reading to learn how to spruce up your space without wasting your hard-earned money.
4 out of 8 of the Best ROI Home Improvements
In Part One, we covered some of the best ROI home improvements, including:
And now, it’s time to explore four more excellent ideas for boosting your home’s value and getting the best ROI when it comes time to sell.
1 | Boost Your Curb Appeal.
Although the bulk of activities and time spent is indoors, the exterior of your home plays a significant role in your home’s value. There are countless outdoor projects homeowners complete to boost curb appeal and get the highest ROI when they eventually sell their homes to move on to bigger and better things.
Like any other home improvement, picking the best renovations and upgrades is vital so your time, energy, and money are not wasted. You won’t want to do everything at once, but here are some of the top exterior improvements that have the best ROI:
2 | Give Purpose to All Spaces.
No space in the home should be unused. After all, you are paying for each square inch, so you might as well get your money’s worth! Creating purposeful, functional spaces is a great way to update your home and receive a high ROI.
For example, finish the basement to make it a rec room, a second family room, an art studio, a teen hang-out, or a home office. Additionally, transform the empty hallways into functional spaces by adding built-in storage, seating, or shelves. And if you still haven't found the right project for your home, perhaps you have an overflowing and disorganized spare room you use as extra storage. While holding old furniture, decorations, and outgrown toys and clothes is technically a function, there’s always a better use for the valuable space. Try turning it into a guest bedroom or home gym!
3 | Focus on the Details.
The littlest things can make a world of difference! Not every homeowner has the time, energy, or funds to take on a massive home improvement project. Luckily, you can make plenty of minor changes that will make a noticeable difference in the appearance and function of your home and get you the best ROI.
Here are some small tasks that take little time and money but still produce a decent ROI:
4 | Get Creative with Backyard Additions.
If your home’s backyard is empty, it’s not doing you any favors. Put the space to use by building fun and exciting features, like a large wooden deck, to hold outdoor furniture and make your backyard look complete. If your family enjoys spending time outside, consider installing an outdoor kitchen! This can be as simple as a grill and a countertop or as complex as multiple countertops, a sink, and cabinets.
Another excellent backyard improvement is adding a well-built patio or screened-in porch to take your outdoor experience with family and friends to the next level!
CITED: Fortunebuilders.com, Forbes.com, Homeandgardens.com