If you’re thinking about selling your home, making the right updates can help you attract buyers and maximize your return on investment (ROI). With more homes on the market and buyers becoming more selective, it’s crucial to focus on renovations that add real value.
But how do you know which projects are worth your time and money?
Lean on an Agent for Expert Advice
A knowledgeable real estate agent can help you determine which updates will make the biggest impact in your local market. They can guide you on:
- What buyers in your area are looking for
- Quick upgrades that can yield a high return
- Which repairs are worth the cost
By focusing on strategic improvements, you can ensure your home stands out and sells faster.
Renovation Projects with the Highest ROI
According to Zonda and Bankrate, these home renovation projects offer the best return on investment in 2024:
- Garage Door Replacement – 194% ROI
- Steel Door Replacement – 188% ROI
- Installing Manufactured Stone Veneer – 153% ROI
- Grand Entrance Upgrade (Fiberglass) – 97% ROI
- Minor Kitchen Remodel – 96% ROI
- Siding Replacement (Fiber-Cement) – 88% ROI
- Deck Addition (Wood) – 83% ROI
- Siding Replacement (Vinyl) – 80% ROI
- Mid-Range Bathroom Remodel – 74% ROI
- Deck Addition (Composite) – 68% ROI
These projects not only enhance your home’s curb appeal but also provide a solid return when it’s time to sell.
The Bottom Line
Making smart updates before listing your home can lead to a smoother sale and more money in your pocket. Consulting with a real estate agent can help you prioritize which projects are worth your investment.
