Home Improvement Projects With The Best ROI

Posted by Hannah Morgan on Tuesday, December 27, 2022 at 9:57:51 AM By Hannah Morgan / December 27, 2022 Comment

Customizing a home to your taste is one of the best things about home ownership! But before swinging that sledgehammer there are a few things you should know to make sure you get max ROI for when you decide to sell. Check out the statistics from NAR’s 2022 Remodeling Impact Report:

Top 5 Interior Reno Projects For Max ROI:

Hardwood floor refinish: 147%
New wood flooring: 118%
Insulation upgrade: 100%
Finish basement area: 86%
Closet reno: 83%

Further down on the list?

Bathroom reno: 71%
Kitchen upgrade: 67%

Top 5 Exterior Reno Projects For Max ROI:

Replace roof: 100%
Garage door replacement: 100%
Upgrade to fiber cement siding: 86%
Vinyl siding replacement: 82%
Vinyl windows: 67%

All of the renovations on this list would be a thumbs up from where I stand! However if we are going in order of value, I would do a few interior & exterior upgrades that are most valued on each list. If you are curious as to what upgrades you can make on your home to get your max return, let's chat!