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Best Renovation For Your Home To Increase Value

Tuesday, February 8, 2022   /   by Jeff Lovato

Best Renovation For Your Home To Increase Value

Thinking of making renovations to your beloved home? Below is the best home remodeling project that deliver the highest return:

Minor kitchen remodel

Creating a modern-looking and functional kitchen can add more than just value to your home; it can boost your enjoyment of everyday activities like cooking, entertaining friends and sharing meals with your family. Potential buyers also see the intrinsic value of this kind of upgrade: You’ll recoup about 72 percent of the cost of a minor kitchen remodel, on average. This is based on a 200-square-foot kitchen with 30 linear feet of countertops and cabinets, where you might be replacing appliances with new, more energy-efficient models; refacing cabinets with shaker-style panels; installing new countertops or a sink; replacing hardware; adding new flooring; and repainting the walls. Where did this figure come from?

Bottom line

Remodeling your home adds to your enjoyment, but it can also boost your home’s value over time, too. 

Likewise, when you go to sell your home, buyers are likely to pay more for a clean, well-kept property with modern updates that’s move-in ready.

But consider… 

Before you shell out big bucks for updates to your home, however, be sure to have a solid understanding of what renovations yield the highest return for the money. Take into account your budget and location — costs can vary greatly by region based on the cost of labor and materials, as well as the level of service offered.
Keep in mind, too, that what might be considered the best home improvements for resale might not be the best fit for you. There is always some value in adding personal touches, even if it’s the simple fact that you’ll get enjoyment from your renovations while you’re the homeowner.

Parts of the article talk about remodeling, but you only speak about the kitchen???  If this is all you talk about, please rename the blog.


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The Lovato Group
Jeff Lovato
50 S Steele Street, Suite 700
Denver, CO 80209
720-854-4834

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