6 High ROI Home Improvement Tips to Increase Your Value

  • Terry Grayson Team
  • 12/20/21

Owning a home can be a lucrative investment. Real estate is one of the only investments that tends to appreciate over time regardless of what the market is doing. The current average of appreciation is 14.5%, and even in poor markets, such as what occurred in 2019, real estate was still appreciating — though at a lower 4%. One of the ways you can make your home investment even more valuable is by choosing some high return on investment (ROI) home improvement projects.
Whether you plan to hold onto your home for many years to come or you want to sell it so you can upsize to one of the larger Camden County homes for sale, doing some smart updates can help you enjoy your home more and increase its overall value. Here are some projects that reliably return much of the money you spend on them when you sell.

1. Adding stone veneer to your exterior

If the exterior of your home could use a boost, consider the high ROI (but also high cost) project of installing stone veneer to your siding. Stone veneer is typically installed on a portion of the front-facing exterior of your home to boost curb appeal and make Camden County houses for sale look more updated. You can choose natural stone or if you’re on a budget, manufactured stone veneer, which can look similar to the real thing but come with a lower price tag. The average cost of adding 300 square feet of manufactured stone veneer to your home is $9,357, and research shows that most homeowners will get more than 95% of that back when they sell.

2. Replacing the garage door

The garage door — especially if it faces the street — is another big part of curb appeal when it comes to Camden County homes for sale. If your garage door is in disrepair, faded, or outdated, it can ruin a prospective buyer’s first impression of your home. It can also have an impact on how much enjoyment you and your family get out of the home as you are greeted by the sight of your garage door every time you pull up to your house.

When it comes to ROI, replacing your garage door is one of the wisest decisions you’ll make. Depending on what style of garage door you prefer and how many doors you need, you can expect to pay anywhere from $377 all the way up to $3,648 for the door(s) themselves and an additional $400 to $500 to have them installed. Fortunately, you can expect to recoup 98.3% of that expenditure when you sell.

3. Install new windows

Camden County homes for sale with new windows are a hit with potential buyers because they touch on many demands: the demand for an attractive house, the demand for energy efficiency, and the demand for a secure home. ENERGY STAR windows are always a good bet when it comes to resale value. You will pay anywhere from $270 to $800 per window, including labor, but you will save approximately 15% on your energy bills while you remain in the home (and you can promote this savings to prospective buyers.) On average, you will recoup around 80% of your investment upon selling.

4. Incorporate smart features

Today’s buyers of Camden County homes for sale are searching for homes that are safe, convenient, and on the cutting edge of technology. Adding smart features to your home can instantly make it more appealing and, depending on which choices you make, could increase the value of your home by thousands of dollars. Some of the highest ROI smart upgrades are:

  • Smart heating, cooling, and lighting solutions.
  • Smart home security systems.
  • Smart appliances, like refrigerators, washers, dryers, dishwashers, and freezers.
  • Smart thermostats.
  • Smart hubs that control entertainment, major systems, or whole-home automation.

5. Do some minor kitchen remodeling

A user-friendly, attractive kitchen enhances your enjoyment of your home while you still live in it and can help your home compete with other Camden County homes for sale when it’s time to list. If your kitchen already has a modern layout and just needs a refresh, opting for a minor kitchen remodel is a sound decision. This project focuses on revitalizing and updating your kitchen and includes cabinet refacing and new flooring, appliances, paint, and sink. The typical cost is anywhere from $5,000-$25,000 depending on how large your kitchen is and what materials you select. When you sell, you can expect to get an average of 81.1% of your investment back in the form of a higher selling price.

6. Update your curb appeal

First impressions are important for Camden County homes for sale. Many potential buyers won’t even bother looking at the inside of your home if they are unimpressed with the front exterior. That’s why any investment you make in your curb appeal will yield big results in the form of interested buyers as well as selling prices. Some of the best curb appeal projects include trimming and tidying your lawn, bushes, and trees, repairing damage on the walk or driveway, painting or replacing the front or garage door, adding quality outdoor furniture to your front porch, putting in a concrete, paver, or brick path to your entry, and power-washing the exterior of your home.

Increasing the value of Camden County homes for sale is a savvy decision for both those who plan to stay in their home for many years and those who wish to list in the upcoming months. If you plan to sell and want advice on the high ROI projects you should implement before you list, reach out to trusted Camden County real estate agent Terry Grayson. Terry can help you choose the right projects to ensure your home sells quickly and for top dollar.

Work With Us

Selling or purchasing a home involves many decisions and adjustments, like careful consideration and handling of the many confusing financial and closing aspects of the real estate transaction. That’s where The Grayson Group can help.

Contact Us