Kitchen and bathroom remodels: These are the most popular home improvement projects among home buyers. These projects can add significant value to a home, with some estimates putting the return on investment (ROI) at around 60-80%. Since the ROI on Kitchen and bathroom remodels is so high, many home sellers will use barrowed funds to accomplish them.
Landscaping: A well-manicured lawn and garden can greatly enhance a home's curb appeal, making it more attractive to potential buyers. Landscaping can add as much as 15% to the value of a home, depending on the quality of the work and the condition of the yard.
Painting: A fresh coat of paint can add a few thousand dollars to the value of a home, depending on the size of the home and the cost of the paint. Generally speaking, neutral colors are more favorable in the selling process with plain white having the appeal of an "open canvas" for the new home owner's tastes.
Flooring: Replacing old or worn-out flooring can add value to a home, with an ROI of around 50-70%. Remember, updating worn-out flooring can give a home a fresh, new look and can also help it appeal to a wider range of buyers.
Lighting: Adding more light to a home can add a few thousand dollars to the value of a home, depending on the cost of the lighting fixtures and the size of the home. Also,
adding more light to a home can make it feel brighter and more welcoming. This can be achieved through the use of natural light, as well as through the addition of new light fixtures.
It's worth noting that these are estimates and that the actual value added will vary depending on the specific circumstances of the home.
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