6 renovations to boost home sale value

Last Updated on July 12, 2023

6 Renovations To Boost Home Sale Value

Post by RyanSellers.com Real Estate Group

Looking to sell your home and want to get top dollar for it? You’re at the right place. Learn about the 6 top renovations to consider to boost your home’s value.

1. Wood Flooring

If you could only pick one renovation, what would it be? Statistics say flooring. The flooring is susceptible to the most wear and tear in any home. If your flooring is old and worn out, it’s time to change it. Luckily for you, new flooring can provide you with a 100-150% return on investment which makes it a no-brainer for anyone looking to bump up the appeal of their home to another level. Word of caution – the material and workmanship of the installation is paramount. Even expensive flooring with gaps or lifts can look terrible, AKA, we highly recommend hiring a professional to install the flooring for you.

2. Kitchen

A kitchen renovation is arguably one of the best renovations to do when it comes to return on investment. Putting in new stainless steel appliances and granite/quartz countertops are sound investments for your kitchen that can get you between 75-100% return on investment.

3. Bathroom

Bathrooms are essential to a successful sale as it’s one of the main things buyers look at when considering whether to put down an offer or not. The good news is that bathroom renovations can generate over 62% return on investment. Things to consider upgrading are frameless glass shower enclosures, marble-topped vanity and a modern tile backsplash.

4. structural

In our current market, high sale prices are being offered for homes with strong structural foundations or “good bones”. Examples of “good bones” include foundation that is dry, roofs and windows with no leaks, gutter and drains that function without fault. Potential buyers are able to tell quickly whether the homeowners have invested into preserving the structural integrity of their home, especially from flooding and leaks. Although structural renovations can come costly, it’s well worth it since home owners can expect to get a 75% return on investment.

5. paint

According to RE/MAX’s 2021 Renovation Investment Report, repainting your walls is one of top three renovations to do for return on investment. What makes this renovation so attractive is its relatively low investment and effort. A fresh coat of paint for your home can get you 60% return on investment.