Many people buy homes hoping they will rise in value. A home that rises in value grows equity, and that is very good. One of the best ways to make a home rise in value is to renovate it. According to Statista, U.S. homeowners spent more than $407 billion on home renovations in 2019. But that does not mean all of those homes increased in value by that amount. The following are some of the better home renovations that give homeowners the best return on investment (ROI).

Kitchen Renovations Deliver Great Value

The one room that always boosts home value when properly renovated is the kitchen. A quality kitchen that has modern, energy-saving appliances and a great layout can boost a home's value by more than the cost of renovation in some instances. A kitchen also is a big selling point for many homebuyers. Someone who enjoys cooking places a high value on a great kitchen. When a newly renovated kitchen delivers the kind of impression that tells homebuyers who are looking for a great kitchen that they have found one, the value goes up.

Quality materials, like tile and granite countertops, can help to make the kitchen rise in value. A good backsplash, stove, and oven all help to make a kitchen more useful and impressive. Quality faucets, sinks, and cabinetry all make a big difference in how the kitchen looks and its ROI following home renovations.

Master Bathroom Improvements

The master bathroom sees use from every member in the household and many of its guests. A newly renovated bathroom that has a good toilet, sink, and storage is very useful. A quality bath and shower that use energy-efficient hot water from a highly efficient hot water heater really make a bathroom highly valued while delivering a great ROI.

Master bathroom improvements can be relatively costly if they involve extensive plumbing work. But a properly designed and built bathroom can really enhance a home's value. Many modern plumbing fixtures can help to reduce the utilities' costs that bathrooms can create for homeowners.

Paint Enhances Home Curb Appeal

Curb appeal refers to the appearance that a home can make upon others. A new paint job is a very inexpensive way to greatly enhance a home's curb appeal. The same goes for a tidy roof and well-kept lawn and landscaping. The better the home looks, the better the ROI on home renovations.



And these are just a couple of things that can help to increase the value of your home. If you're looking to renovate your home, give us a call.