Long & Foster Real Estate, Inc.
Eileen Summers, Long & Foster Real Estate, Inc.Phone: (703) 244-3190
Email: [email protected]

How to add value to your home: Upgrades with the best ROI

by Eileen Summers 07/30/2023

Whether you’re a homeowner or a real estate investor, it’s always important to know how to add value to your home. Many upgrades and renovations have a higher rate of return than others, and it’s helpful to know them to make the best possible investment in your property.

Here are some of the home upgrades with the highest returns on investment to consider:

Add a deck or patio

Outdoor living is a big priority for many potential homebuyers. Adding a patio or building a deck in your backyard is one way to add to your home value. Consider your choice of materials carefully, though. Some building materials can cost more up front, but will be cheaper and easier to maintain long-term.

Spruce up the bathroom

Most home improvement experts recommend focusing on bathroom renovations to add home value. Luckily, it doesn’t take a complete remodel to reap the rewards. Simple changes like replacing fixtures, adding storage space and repainting can result in a considerable payoff.

Increase energy efficiency

Energy efficiency is a top priority among potential buyers, both to help the environment and save on utility bills. Simple upgrades like installing a smart thermostat and energy-efficient appliances are high ROI projects. You can also consider more extensive upgrades like replacing windows, insulation and HVAC system.

Revisit landscaping

Landscaping is an often overlooked area of home improvement that can bring in massive returns. Trim shrubs, prune trees and plant new, low-maintenance greenery to refresh your outdoor spaces and enhance curb appeal. Other upgrades include installing simple water features, garden pathways and lighting.

These are just a few of the best ways to invest in your property and add value to your home. Consider these projects and others like them if you’re interested in boosting your ROI.

About the Author
Author

Eileen Summers

• 23 years of highly successful Real Estate Experience in Northern Virginia • Expertise in the Northern Virginia marketplace • Excellent technology skills • Enthusiastic and Professional • Top Quality Service A 30 year resident of No. Virginia and a Graduate of the REALTORS Institute, Eileen is a Lifetime Member of the L&F Founder's Club as well as a Lifetime Member of the President's and Chairman's Club, and on the L&F Gold Team. She is an NVAR Life Top Producer and a Life member of the NVAR Multi-Million Dollar Sales Club. Her excellent knowledge of the marketplace combined with experience, enthusiasm, technical knowledge, and professionalism provide clients and customers with top quality service. E-mail or phone Eileen for more information on her listings and/or for a free computerized Market Analysis of your home (Northern Virginia area homes). • 20 Years Real Estate experience in Northern Virginia • Expertise in the Northern Virginia Marketplace • Excellent all-round Technology Skills Specialities: • New Construction • Resale Residential • Specializes in Relocations