Maximize Your ROI With These Top Home Renovations
Looking to increase the value of your home in 2023?
Check out the top six 2022 home renovations that delivered the highest ROI and learn how to make the most of your investment!
When it comes to home renovations, it’s important to consider not only the cost of the project, but also the potential return on investment (ROI).
If you’re planning to sell your home in the near future, certain renovations may be more effective at increasing the value of your home and helping you recoup your expenses.
The 2022 Cost vs. Value report compares the average cost of 22 remodeling projects in 150 markets throughout the United States, allowing homeowners to see which renovations are likely to deliver the highest ROI.
Projects with the highest national ROI -2022:
Steel entry door replacement:
A new steel entry door can add both curb appeal and security to your home, and has an average ROI of 107.5%.
Replacing an outdated or damaged entry door with a new steel door can be a relatively affordable way to update the look and functionality of your home. Steel doors are durable and low-maintenance, making them a popular choice for homeowners.
Deck addition (wood):
Adding a new wood deck can provide additional outdoor living space and has an average ROI of 87.4%.
A new deck can be a great way to increase the usable space of your home and create an inviting outdoor area for entertaining and relaxation. When planning a deck addition, it’s important to consider the size, materials, and design of the deck to ensure that it fits the style of your home and meets your needs.
To learn more about the different types of deck remodels and how to choose the one that will add the most value to your home, please refer to : https://upuphome.com/is-a-deck-or-patio-better-for-resale-value/
Minor kitchen remodel:
Updating your kitchen with new appliances, countertops, and finishes can add value and appeal to your home and has an average