What remodel adds the most value?

The Most Valuable Remodels

If you’re thinking about remodeling your home, you should think about which projects will add the most value to your home. While some home improvements may appear to be excellent investments, they may not provide the best return on investment. In this blog post, we’ll look at the top home improvements that increase the value of your home the most, based on average resale value and percentage increase.

1. Putting in a pool
According to the list, adding a pool is the most valuable home improvement project, with an average resale value increase of 7.3%, or $22,000. However, this is not always the case, as the cost of building a pool can vary greatly depending on your location, pool size, and other factors. Furthermore, because not everyone wants a pool, it may not appeal to all potential buyers.

2. Completing a basement
Another home improvement project that can add significant value to your home is finishing a basement. Finishing a basement can provide additional living space, storage, and even potential rental income, with an average resale value increase of 6.6% or $22,000. However, it is critical to ensure that the basement is properly and code-compliantly finished, as a poorly finished basement can actually reduce the value of your home.

3. Adding a third bedroom
Another popular home improvement project that can increase the value of your home is adding a third bedroom. With a 6.2% or $20,000 increase in resale value, adding a bedroom can provide additional living space for a growing family or even potential rental income. However, it is critical to ensure that the bedroom is added in a way that complements the rest of the house and does not interfere with the existing floor plan.

4. Constructing a full bathroom
Another home improvement project that can increase the value of your home is adding a full bathroom. Adding a full bathroom can provide convenience for families and guests while also increasing the value of your home, with an average resale value increase of 5.7% or $18,000. However, it is critical to ensure that the bathroom is added in a way that complements the rest of the house and does not interfere with the existing floor plan.

5. Increasing living space
Another home improvement project that can increase the value of your home is adding living space. Adding living space can provide additional space for a growing family or even potential rental income, with an average resale value increase of 5.3% or $17,000. However, it is critical to ensure that the extra living space is functional and blends in with the rest of the house.

6. Total kitchen renovation
Finally, a complete kitchen remodel is another home improvement project that can increase the value of your home. A full kitchen remodel can provide a modern and functional space for cooking and entertaining while increasing the resale value by 4.8%, or $15,000 on average. However, it is critical to ensure that the kitchen remodel is completed properly and within a reasonable budget, as high-end kitchen remodels may not always provide the best return on investment.

Adding a pool, finishing a basement, adding a third bedroom, adding a full bathroom, adding living space, and doing a full kitchen remodel are all examples of home improvement projects that can add significant value to your property. When deciding which projects to take on, keep your location, budget, and potential buyers’ preferences in mind. You can ensure that your home improvements provide the best return on investment and add value to your property for years to come by conducting research and working with a reputable contractor.