Whether you’re giving a makeover to an investment property or your own dream home, it’s a smart move to invest in remodels that have the highest ROI. Home improvement projects that greatly increase the curb appeal and functionality
of the house, are generally the most value-enhancing.
Bathroom and kitchen remodeling give one of the highest return on investment -- almost up to 69% to 85% of what you spend. According to the National Builders Association, a half bathroom addition can boost the value of an average
house by 10.5% while a full bathroom addition can boost the house value by 20%.
In terms of exterior remodeling, siding replacement and home roof replacement bring in the highest ROI. Replacing old siding can get you upto 79% ROI while a new roof can add as much as 109% ROI.
Replacing windows and doors, yard landscaping, and deck installation are a close second with 70% to 85% ROI.
In terms of interior remodeling, a fresh coat of paint on the walls is one of the most effective ways to boost the value and appeal of your property. That too without spending too much.
Other remodeling projects to consider are finishing the basement, attic conversion, and building a garage. Interestingly, updating the internal systems of your house, including plumbing system, heating and cooling, and sewage
system can significantly improve your home value.