5 Great Home Renovation Projects That Offer The Best Return On Investment

When it comes to renovating your home for resale, there are some major renovations that top the list.

1. Major kitchen remodels. (Return on investment 75-85%)

The role of the kitchen has evolved over the years and now more than ever the kitchen must meet those needs.

  • Buyers want to imagine themselves in a beautiful, newly renovated kitchen where they can really see themselves preparing meals for their friends and family, where the kids curl up on a comfy stool doing their homework, or their guests mingling on that beautiful island. Buyers want to see this in your mind and know that it is possible.
  • A major kitchen remodel may need to include a new floor plan to improve a poorly designed work triangle.
  • If your kitchen is completely outdated, isolated and compartmentalized with an inefficient floor plan and layout, don’t think that replacing the cabinets and appliances will camouflage the problem. It will not!
  • If possible, add an island to those plans. Everyone loves them!
  • Replacing all cabinets, appliances, lighting, flooring, finishes and fixtures, and new French doors and windows will capture buyers’ attention.
  • Since kitchens and bathrooms are the most expensive rooms to renovate, the buyer will be glad the job is already done.

2. Extensions of family rooms. (75% ROI)

The family room is the second most popular space in the home after the kitchen.

  • Adding 400 m2. foot of bright and cheery living space (if your neighborhood allows it), it will definitely improve the home’s value
  • Increase the overall height of your space and introduce a vaulted ceiling. Creating a sense of volume instantly makes a room feel more spacious.
  • Consider the details and add beautiful French doors, floor-to-ceiling windows, or even skylights to flood this new space with light and maximize the view. Go one step further and add the mallet.

3. Addition of cover. (72-95% ROI)

Deck additions are arguably the best investments these days. They make a natural transition from indoors to outdoors, instantly expanding your living space.

And who doesn’t love that?

  • It’s an at-home vacation experience as it expands your living space and extends the summer season, forcing you to live more outdoors before the winter season begins.
  • Its design can be as simple or elaborate as the house to which it is connected.
  • Multi-level or individual, built-in seating or informal lounging areas, hot tubs, and outdoor kitchens all add to the vacation home atmosphere.
  • Covers are more popular than swimming pools and relatively easy to build.
  • Design the deck to complement the character of your home’s exterior architecture. Give it some thought when planning: it should be proportional to the size of your garden.
  • It incorporates solar lighting or low consumption led.

4. Main Floor Master Bedroom Expansion(73% ROI)

  • Add a 400 sq. ft. The en-suite master bedroom and spa-like bathroom provide a private retreat and attract many homebuyers. Main floor access is gaining in popularity.
  • Empty nesters and others, who no longer want to climb stairs, prefer the master bedroom and bathroom to be withdrawn on the main floor level of the home.
  • Immediate access to a beautiful outdoor terrace or patio also adds to the return.

5. Addition of two floors (77% ROI)

  • An 800-square-foot two-story addition could include a new main-floor family room and an upper-level master suite complete with a full bath
  • Or using that extra space and designating it, like the home office, is very attractive to homebuyers.
  • Homeowners are spending more time working from home and with the growing trend of home entrepreneurs, buyers are being drawn to the extra space dedicated solely to operating their home business.

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