Which Home Improvements Create the Highest Return on Investment?

Any time that a homeowner starts thinking about the best home improvements to increase their home’s value, they usually think about making changes to the kitchen and bathrooms. And yes, most members of the National Association of Realtors will tell sellers that an excellent way to increase home value when it’s time to sell is through kitchen and bathroom renovations. 

However, there are many other options out there, some of which have an even greater return on investment (ROI). A home renovation doesn’t have to include extravagant upgrades to increase home value; they can be as simple as refinishing hardwood floors or adding a new coat of paint to entice home buyers. 

When it comes to the ways that you can increase home value, each home is unique. That’s why it’s best to consider home design services from NurtureSource to ensure that the changes you make to your home will actually get you the highest return on investment possible. 

Things to Consider Before You Dive In

First things first: is your contractor licensed and insured? This is why enlisting help from a team like NurtureSource, a licensed general contractor, can give you peace of mind. We not only strategize the greatest ROI, we have long standing relationships with many of  the best contractors and tradespeople in the Bay Area to ensure that when you’re ready to sell your house, there will be no unexpected surprises. 

Next, do the contractors you’re vetting offer a warranty? It’s critical to consider how your contractor or crew will stand behind their work if something goes wrong after the final coat of paint is dry. NurtureSource offers a one-year transfer warranty. So in the unlikely event that something goes wrong, we’re here to help. 

Home Improvements with the Highest ROI

Now, whether you’re dealing with mid-century modern, ranch homes, or anything in between, there are certain home improvements that every abode can benefit from having. Some of these upgrades that increase home value can be completed in a week or two, while others may take slightly longer. It’s a good idea to start planning out the best home improvements to increase the value of your home before you start thinking about putting your house on the market. 

A Fresh Coat of Paint

It’s no secret that many designers default to neutral colors. In general, these are safer to work with. More creative and eccentric color palettes can be quite challenging to get right, and they often result in a bolder and more enticing design if done well. If you really want your home to stand out and make the right statement, balancing neutral colors with a touch of flair can be the perfect approach. See an example here. (link to Rosecrest on market)

A fresh coat of paint is an extremely cost effective way to boost your home value when it hits the market. At NurtureSource, we always advise our homeowners to work with an experienced color consultant, even if it’s not us. Getting the colors right can make a big difference between being at the top of buyers most wanted list and being forgotten altogether.  

Updated/Refurbished Flooring

This is one of the ways to increase home value that is especially advantageous for condos and townhomes, which may not have as much indoor space as traditional homes. Especially when you’re limited on square footage, updating the flooring can create a major, positive visual impact. 

When we’re really honing in on ROI, it’s critical to call in an expert to help you choose whether you should consider refinishing your flooring or replacing it altogether with hardwood floors. Additionally, choosing flooring that’s both high quality and timeless will make a notable impact on buyers. In short, choose wisely (or give us a call).

Overhauled Lighting and Plumbing Fixtures

In homes with limited space, such as a bungalow, a few aesthetic changes to outdated lighting and plumbing fixtures can brighten the space, make a marked difference in the feel of a home, and create real value when your home hits the market. The challenge is choosing the right fixture at the right price point. If the fixture is too expensive, it’s hard to get a good ROI. However, if it’s a bargain pick, it will make the home feel cheap.

When you call in a lighting and fixture expert—like one of our design partners at NurtureSource—they can strategically choose lighting and plumbing fixtures that can make your space feel more luxurious. Likewise, choosing the right hardware such as door handles, medicine cabinets, and cabinet pulls have a dramatic impact on the first impression of home buyers.

New Appliances

We spend so much of our lives in the kitchen, which is why so many people are drawn towards kitchen upgrades when they’re considering home improvements. But many sellers aren’t quite sure where to start. Oftentimes, our strategists and designers at NurtureSource will advise you to skip the major overhaul and instead consider buying new appliances. Especially if your appliances are out-dated, installing fresh, new appliances can elevate the feeling of your whole space. 

Attractive Landscaping

You know what they say, first impressions are critical. This is especially true when it comes to landscaping. If you’ve got a home with minimal square footage, maximizing the look and feel of your outdoor space can greatly improve your chances of attracting serious buyers.

You don’t need to spend a fortune here though. We often recommend starting with simple pressure washing of hardscapes and trimming existing bushes and shrubs. After that, adding some new plantings and mulch can have a transformative effect while still being only a few thousand dollars.

Small Repairs and Strategic Fixes

It’s all in the details. Even though many homeowners get caught up focusing on big, impressionable updates like new cabinets or updating bathrooms, sometimes the smallest repairs can make a difference. 

Focus first on things that don’t work well like light switches that don’t flip lights (or even simply making sure all your lightbulbs work!) Then move onto things like ensuring switch and outlet covers match, doors swing smoothly and close easily, and cabinet pulls match and are consistent. Simply honing in on the details can totally transform a space. 

Staging

Staging is one of the quickest ways to drive notable return on investment when your house hits the market. The trick: hire the right designer to create the feeling that each prospective buyer that walks into your home can picture themselves there. One of the most powerful ways to do this is to have the staging be cohesive with the design and renovation work. This includes coordinating accessories with appliances and fixtures, as well as picking furniture that pops with color choices. The result is photographs that look like they are out of a magazine and home buyers that are ready to sit down (at your designer table) and write an offer. 

Turn to NurtureSource

When it comes time to sell your house, you want to make sure that you have chosen the best home improvements to increase value to maximize your ROI. However, home renovations projects can be stressful and daunting, especially if you intend to sell your home quickly. 

Thankfully, when you get in touch with a professional at NurtureSource, we will help you create a plan that matches your budget and timeline. We also offer financing, so no project is out of range, as long as it’s a good investment. Once you start to get high offers from multiple home buyers, you’ll remember why it was all worth it. 

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