The Best Home Upgrades That Pay Off-UseOfSmartHome

When working on home upgrades, it can be a challenge to figure out exactly what projects to tackle. With all the possibilities, how do you pick a home improvement that adds value and doesn’t turn into a money pit? Here’s a look at 7 home upgrades with the best return on investment for a moderately sized house, with data from the Remodeling 2021 Cost vs. Value Report .

7 Home Improvements That Add Value to Your Home

1. Minor Kitchen Remodel

Return on Investment: 72.2%

Average Project Cost: $15,000 – $26,000

The kitchen is usually the hub of a home, and remodeling this room is the most cost-effective home improvement you can take on. If your kitchen has a good layout but is just a bit outdated, a minor update may be all you need. Kitchen renovations can get expensive, so a less-intensive update is a good way to keep your budget in check while still making improvements.

Minor Kitchen Remodeling Projects Include:

Pro Tip: When renovating your kitchen, it’s a good idea to set up another area in the home for cooking and storing food. Learn what your temporary kitchen should include, along with other tips for surviving a kitchen remodel .

2. Steel Entry Door Replacement

Return on Investment: 65%

Average Project Cost: $500 – $1,500

A simple, cheap way to increase your home’s value is to replace your main door . Steel doors are durable and strong, giving your home an added level of security.

Steel Entry Door Replacement Projects Include:

3. Major Bathroom Remodel

Return on Investment: 60.1%

Average Project Cost: $10,800 – $24,500

Upgrading your bathroom is among the best home improvements both for resale value and improved functionality. But how much value does a bathroom remodel add? A major bathroom remodel has a 60.1% ROI, and this renovation can pay off into your current life too. This is also a great time to consider adding water-saving fixtures to save on future utility bills.

Major Bathroom Remodeling Projects Include:

4. Accessibility Bathroom Remodel

Return on Investment: 57.9%

Average Project Cost: $38,800

Making handicap-accessible updates to your main bathroom is a great option to consider when getting ready to sell your home, as it will appeal to retirees. If you are planning on aging in place in your current home, this may be a necessity as well as an additional comfort.

Accessibility Bathroom Remodeling Projects Include:

5. Major Kitchen Remodel

Return on Investment: 57.4%

Average Project Cost: $30,000 – $60,000

If you are unhappy with your current kitchen layout and have the budget for it, a more significant update may be in order. The best kitchen remodeling ideas include adding an island, wall oven, or an upscale fridge, range or sink.

Major Kitchen Remodeling Projects Include:

6. Bedroom Suite Addition

Return on Investment: 54.7%

Average Project Cost: $100,000 – $224,000

If your home doesn’t currently have a suite or it’s not to your liking, adding a completely new one could be a home upgrade that pays off. A good way to lower the cost of a master suite addition is to convert an attic, if the roof is high enough. As a room that you will spend a lot of time in, carefully consider the design of the bedroom suite before you start your project.

Bedroom Suite Addition Projects Include:

7. Bathroom Addition

Return on Investment: 53.1%

Average Project Cost: $10,000 – $60,000

If your house only has one bathroom, adding a second would be beneficial for both resale value and improving your daily life. You can even consider adding a half-bathroom to make another toilet or sink available if you already have two or more full bathrooms.

Bathroom Addition Projects Include:

Ready to Take On a Home Improvement Project?

If you’re looking to take on one of these value-adding home improvement projects, learn how to get started with these helpful guides:

Ready to get to work? Make your project cleanup a breeze with a roll off dumpster right on your property. Get a free customized quote today.