Do renovations add value?
May 31, 2026 · contractor
Renovations can indeed add value to your home, but it is important to carefully consider which projects will give you the best return on investment. Generally, kitchen and bathroom renovations tend to have the highest ROI, often ranging from 70-80%. These rooms are key selling points for potential buyers and can significantly increase the overall value of your home. Other valuable renovation projects may include adding a deck or patio, updating the flooring throughout your home, and enhancing your curb appeal with landscaping improvements. However, it's important to keep in mind your budget and the current market trends in your area. A major renovation may not always be necessary to add value. Sometimes simple cosmetic upgrades or minor repairs can go a long way in increasing your home's worth. Before diving into any renovation project, be sure to consult with a licensed professional, especially for tasks such as electrical work, plumbing, or structural changes. Seeking advice from a local contractor or real estate agent can also help you determine which renovations are most cost-effective for your specific situation. Ultimately, getting quotes from trusted professionals will provide you with the information you need to make the best decision for your home.
1 answer
Renovations can definitely add value to your home, but it’s crucial to choose the right projects. Kitchen and bathroom remodels typically offer the highest return on investment, often recouping 70-80% of costs. For example, a kitchen update might range from $15,000 to $50,000 depending on the extent of the work and materials used, while a bathroom remodel can cost between $10,000 and $25,000. Other valuable projects include adding a deck, which can cost around $4,000 to $10,000, or enhancing curb appeal through landscaping, which can be done for a few hundred to a few thousand dollars. However, simple cosmetic upgrades like fresh paint or new fixtures can also yield significant returns without breaking the bank. Always consult licensed professionals for electrical, plumbing, or structural work to ensure safety and compliance with local codes. Additionally, talking to a local contractor or real estate agent can provide insights into what renovations are trending in your area. As a next step, consider getting 2-3 local quotes on Handyman.com to evaluate costs and options for your renovation projects.