5 Home Renovation Projects That Increase Your Home’s Value

Introduction

Home renovation is a significant investment, and many homeowners want to ensure that the money they put into improvements will ultimately boost their home’s value. If you play your cards right and choose the right projects to take on, they can lead to impressive returns. Here are 5 renovations that will yield a high return on your investment, whether you’re looking to modernize, increase functionality, or enhance curb appeal.

1. Kitchen Remodel

The kitchen is often called the heart of the home, and it’s one of the top renovation projects that yield a high return on investment. Upgrading countertops, cabinets, and appliances can transform the space and attract potential buyers. According to national data, a minor kitchen remodel can yield up to 81% return on investment. Through PLANA, homeowners can connect with skilled contractors specializing in kitchen remodels to get competitive bids.

2. Bathroom Renovation

Bathrooms play a huge role in a home’s value, especially the master bath and guest bathroom. Simple upgrades like replacing fixtures, adding modern tile, or installing energy-efficient lighting can make a significant difference. Full remodels can recoup approximately 70% of their cost, and updating bathrooms can create a more luxurious feel. PLANA makes it easy to find experienced bathroom remodelers, who can bring homeowners' visions to life.

3. Outdoor Spaces and Landscaping

With the increased focus on outdoor living, enhancing outdoor spaces has become a high-ROI project. Adding decks, patios, or well-designed landscaping can increase a property’s appeal and value. Creating functional outdoor spaces can provide an 80% return, and with PLANA, homeowners can receive bids from landscaping and exterior specialists to create outdoor retreats.

4. Energy-Efficient Windows and Doors

Replacing old windows and doors with energy-efficient models not only increases comfort and aesthetics but also cuts energy bills, which is an attractive feature for buyers. Many projects in this category can yield a 70% return on investment, making them an ideal choice for boosting value. PLANA’s vetted contractors are available to advise and bid on energy-efficiency projects that align with homeowners' goals.

5. Basement or Attic Conversion

Finishing a basement or converting an attic into livable space is an excellent way to increase square footage and add value to a home. These conversions can be used as rental units, guest rooms, or family spaces, and they offer a return of approximately 70-75%. With PLANA, homeowners can connect with renovation contractors skilled in these types of projects, ensuring the work meets all requirements.