Purrfect Properties Blog

5 Home Projects that Add Instant Value

5 High Return Updates for the Home

Do you have a list of changes you’d like to make to your home this year? Completing cosmetic updates is easiest when the weather’s in your favor. In honor of May’s National Home Improvement Month, here are five projects ranging from simple curb appeal projects to large-scale expansions that real estate pros love for having high returns.

  1. Replacing doors and windows: Real estate pros praise projects that boost overall curb appeal. Swapping out a wooden front door for a steel model or replacing front-facing windows can pack more of an ROI punch than renovations made inside the home.
  2. Constructing a deck: Create a beautiful transition from your back door to the outdoors by building a deck. The update turns into a major selling point that can recoup your initial investment when it’s time to move on.
  3. Adding insulation: Of all the projects listed in Remodeling magazine’s 2017 Cost vs. Value Report, this is the only project with returns that exceed 100 percent of the cost. Adding loose-fill insulation to your attic will also help reduce year-round heating and cooling costs.
  4. Remodeling your basement: What would it take to make this often underutilized but highly valuable space in your home livable? Make it your home’s entertainment center by adding a wet bar, or put in a full bathroom and kitchen to turn it into a rentable unit.
  5. Building a second-story addition: Even with a slight increase in construction costs, completing a significant two-story addition resulted in a substantial year-over-year increase in value from 2016 to 2017. In this competitive housing market, adding the extra space will likely catch the attention of buyers.

Home renovations and repairs are on the rise and expected to peak this year. Now’s the time to start planning your investment-savvy home improvements.