ROI: Which Home Improvement Projects Add Value to Your Home?
Home improvement projects not only help you personalize your space to suit your style, but they can also boost your property value. When you are investing in a home improvement project, it's important to choose one that is going to allow you to enjoy the greatest return on your investment.
These home improvement projects typically add the most value to your home:
Kitchen Remodel
A kitchen remodel is one of the most costly home improvement projects that you can take on, especially if you decide to renovate your kitchen from the ground up. However, this is also one of the most valuable investments that you can make in your home. A renovated kitchen can provide you with anywhere from a 50 to 80 percent return on your investment, depending on the choices that you make and the amount of money that you invest in the project.
New Windows
Installing new windows in your home is an improvement project that will increase your quality of life inside your home while also ensuring you enjoy a generous return on your investment when you go to sell. It is important to opt for energy-efficient windows to get the most cost savings and see the highest returns. Don't forget about the rebates and tax credits you may be eligible for when you invest in energy-efficient windows.
Improved Deck or Patio
When you make a commitment to improve your outdoor living space, you are investing in your own enjoyment of your home. However, a freshly painted deck or a new patio can also add a lot of value — either project can offer a 30 percent to 60 percent return on your investment.
Basement Refinishing
Finishing the basement in your home can transform this storage area into a new, functional living space. If you add luxury features, such as a full bathroom or a wet bar, you may find that you see an even larger return on your investment from this project.
Any home improvement project — regardless of its size or scope — is going to require an investment of your time, energy and financial resources. When you select value-added home improvement projects, you may find that your investment pays off in dividends when you list your home on the market for the highest possible price.
About the Author
Daniel Martin, Higgins Group Private Brokerage, Licensed in CT, Lic. #RES.6767971
With over two decades of experience in Connecticut real estate, Daniel Martin is a seasoned Realtor at Higgins Group Private Brokerage, renowned for his exceptional market insight and unwavering client dedication. A lifelong Connecticut resident, Daniel's deep roots in the community, coupled with his extensive professional background, provide an invaluable advantage to both buyers and sellers across Fairfield and New Haven Counties.
Daniel's distinguished career is marked by consistent achievement, earning him the prestigious Connecticut Magazine 5 Star Realtor award from 2014 to 2025. He is a perennial Top Producer, recognized as both a Top Listing Agent and Top Selling Agent, a testament to his strategic approach and keen understanding of market dynamics. His expertise spans a broad spectrum of real estate needs, including guiding First Time Home Buyers, navigating transactions for Single and Multi-Family Homes, Land, New Construction, New Residential Developments, Condominiums, Downsizing, and Rentals.
Beyond his impressive track record, Daniel's professional affiliations include memberships with the National Association of REALTORS (NAR), Connecticut Association of REALTORS (CAR), Bridgeport Board of Realtors, Smartmls and Greenwich MLS. His foundational education in real estate from Naugatuck Valley Community College, complemented by studies at Connecticut School of Electronics and Housatonic Community College, underpins his comprehensive understanding of the industry.
Daniel's unique blend of customer service acumen and technological proficiency sets him apart. He leverages every available marketing resource to ensure his clients' homes gain maximum exposure and stand out in the competitive market.
When not orchestrating successful real estate ventures, Daniel cherishes time with his family, including his wife, two children, and four grandchildren. A passionate musician and golf enthusiast, he embodies the vibrant spirit of the Connecticut communities he serves. Daniel's network extends globally, allowing him to facilitate referrals anywhere in the world.
