In the competitive real estate market of suburban America, a well-executed home renovation can be the key to a higher resale value. While some projects offer a strong return on investment (ROI), others may be better for your personal enjoyment than your bottom line. To ensure your renovation dollars are well-spent, it’s crucial to focus on projects that are in high demand and appeal to a broad range of suburban buyers.
1. Kitchen and Bathroom Remodels (Mid-Range)
Kitchens and bathrooms are often called the “money rooms” because they are a primary focus for prospective buyers. However, the key to a good ROI is to avoid overspending on luxury upgrades that won’t align with neighborhood standards.
- Minor Kitchen Remodel: You can get a huge return by focusing on high-impact, mid-range upgrades. Instead of a full gut job, consider refacing or repainting existing cabinets, installing new hardware, updating countertops to a durable,