Home Renovation Projects for the Best ROI
Are you considering remodeling your home? Whether you’re moving soon or want to make improvements that increase home value, several types of renovations can help you reach your goals. Here are six projects proven to provide the best return on investment.
Most homebuyers look at the kitchen first and foremost. The amount you can expect to recoup from a kitchen remodel varies depending on the scope of the project, whether you include high-demand features, and the expectations in your neighborhood.
With all this in mind, you can expect an ROI of 72–98%. This impressive return makes kitchen remodeling one of the most cost-effective projects you can choose, especially if your existing space is outdated or inefficient.
The other room that sells a home is the bathroom — especially the main suite. If your current bathroom is dreary, old-fashioned, or rife with plumbing problems, a bathroom remodel is what you need to make your home stand out.
Depending on the extent of the renovation, you can expect to recoup between 67 and 100% of your investment. Working with a designer who understands what most buyers are looking for can help you maximize your return.
It’s easy to overlook the basement, but it has great potential for increasing your home’s value before you sell. A basement remodel can return up to 90% of your investment, with the highest ROI possible when converting an unfinished basement into a finished paradise.
Deck or Patio Addition
Many homebuyers these days consider outdoor living essential. If you don’t currently have a backyard deck or patio, adding one could provide up to a 90% return on investment. While you can build a deck or patio as a stand-alone project, you may find it worthwhile to include a deck in your kitchen renovation for al-fresco dining.
Walk-out basement patios are also popular features incorporated into basement renovations.
The siding is the first thing potential buyers see when they pull up. If your home’s façade has seen better days, siding replacement is one exterior renovation to prioritize. The estimated return on investment depends on the material you install.
Expect about a 70% return for vinyl and fiber cement and up to 92% ROI for manufactured stone veneer. A kitchen bump-out or room addition is the perfect excuse to replace your siding, though you can also pursue the project independently.
Are your windows drafty, rotten, or difficult to open? Replacing them could provide a return on investment of 70–90%, depending on the window material, operating style, and efficiency rating. New windows can boost curb appeal, reduce heating and cooling costs, increase security, and improve ventilation options.
Start Your Home Renovation Project Today
When you’re ready to bring one of these projects to life in your Montgomery or Bucks County home, turn to Meridian Construction. Our family-owned design/build firm has transformed countless Pennsylvania homes since opening our doors in 1989.
We’ll handle your project from beginning to end, with an award-winning design process sure to leave you completely satisfied.
Request a no-hassle consultation with our team today.
Award-Winning Design Projects
Over the past three decades, we have completed hundreds of home remodeling projects in Montgomery and Bucks counties and won numerous awards for our innovative designs and commitment to customer satisfaction. See All Projects