The Top Home Renovations That Add the Most Value to Your Property

When it comes to home renovations, it’s not just about improving your living space or making your home more comfortable. A smart renovation can significantly increase the value of your property, helping you secure a higher return on investment (ROI) if you ever decide to sell. While some projects may seem appealing, not all renovations are created equal when it comes to boosting your home's value.

Here, we’ll explore the top home renovations that add the most value to your property—giving you a clear picture of which upgrades can offer the best ROI.

1. Kitchen Remodel: The Heart of the Home
The kitchen is often regarded as the heart of the home, and it’s one of the most influential spaces when it comes to a home’s resale value. Potential buyers often prioritize modern, functional, and aesthetically pleasing kitchens, making it one of the best areas to invest in.

What to Focus On:
Cabinets: Updating cabinets can make a huge impact. If you’re on a budget, consider refacing cabinets instead of replacing them entirely. A fresh coat of paint or a new set of handles and knobs can also give them a contemporary look.

Countertops: Replacing outdated countertops with materials like granite, quartz, or marble is an attractive investment. These materials are durable and provide an upscale, modern aesthetic.

Appliances: Energy-efficient, stainless steel appliances are highly sought after. Replacing old, inefficient appliances with newer models can enhance both the functionality and appeal of your kitchen.

Lighting: Proper lighting can elevate any space. Under-cabinet lighting or pendant lights over an island can create a warm, inviting atmosphere.
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​On average, kitchen remodels offer an ROI of 70% to 80%, depending on the scale of the project and the quality of the upgrades.

2. Bathroom Renovations: Small Updates with Big Returns
Bathrooms are another key area that can have a substantial impact on home value. A clean, updated bathroom makes a strong impression on buyers and can set your home apart from others on the market. Even small renovations can yield impressive returns.
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What to Focus On:
Vanities and Sinks: Replacing an outdated vanity with a modern, stylish option can dramatically enhance the bathroom’s appearance. Consider adding double sinks if space allows, as this can appeal to families.

Shower and Bathtub: Upgrading the shower with a frameless glass enclosure or replacing an old bathtub with a sleek freestanding tub can add a luxurious touch. Installing new tile or high-end fixtures will also improve the overall appeal.

Flooring: If your bathroom floors are outdated or worn, consider replacing them with durable and visually appealing options like porcelain, ceramic tile, or luxury vinyl planks.

Smart Features: Consider adding tech features, such as a heated floor or smart shower controls, which can provide modern luxury and appeal to tech-savvy buyers.

​A mid-range bathroom remodel typically yields an ROI of 60% to 70%, while a high-end remodel can provide even more.

3. Adding or Upgrading a Deck
Outdoor living spaces have grown in popularity, especially with more people working from home and seeking refuge in their backyards. A well-designed deck can extend your living space, offering an area for relaxation, dining, or entertaining.

What to Focus On:
Material Choice: Opt. for low-maintenance, durable materials like composite decking, which can last longer and require less upkeep than traditional wood decking.

Size and Layout: If your current deck is small, consider expanding it or adding multiple levels to enhance its functionality. A larger deck can accommodate more guests and add significant value.

​Built-in Features: Adding built-in seating, planters, or a pergola can enhance the deck’s appeal and make it a true extension of the home.

​A new deck can recoup up to 70% of its cost when it comes time to sell, and it’s an investment that can provide year-round enjoyment.

4. Curb Appeal: First Impressions Matter
When selling a home, first impressions count. The exterior of your home is the first thing potential buyers will see, so investing in curb appeal can have a profound effect on your property’s perceived value.

What to Focus On:
Landscaping: A well-maintained lawn, flower beds, and neatly trimmed bushes create a welcoming environment. Adding trees or shrubs can increase privacy, and fresh mulch can give your garden beds a polished look.

Exterior Paint: Repainting the exterior of your home in a neutral, contemporary colour can refresh its appearance and make it stand out.

Driveway and Walkways: Repairing or repaving your driveway and walkways can give your home a cleaner, more inviting look. Consider adding lighting along the path to enhance the aesthetic after dark.

​Front Door and Hardware: Replacing an old, worn front door with a stylish, solid option is a relatively inexpensive upgrade that can make a big difference. Add new hardware, like a modern handle or knocker, for a refined touch.

​Investing in curb appeal can provide an ROI of up to 100%, making it one of the most cost-effective ways to boost your home’s value.

5. Finished Basement or Attic
If your home has an unfinished basement or attic, turning that space into usable square footage is one of the most effective ways to increase both living space and property value. Finished basements and attics can be transformed into extra bedrooms, home offices, entertainment areas, or even rental suites.

What to Focus On:
Insulation and Ventilation: Proper insulation is essential to ensure the space is comfortable year-round. Adding good ventilation will also help prevent moisture buildup and other issues.

Lighting and Layout: Basements and attics often lack natural light, so adding light fixtures and creating an open, functional layout is crucial. Consider adding windows or a skylight if possible.

Modern Finishes: Use high-quality finishes, such as hardwood floors, recessed lighting, and stylish cabinetry, to create a space that feels inviting and contemporary.
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​A finished basement can provide an ROI of 70% to 75%, depending on the quality of the renovation and how the space is utilized.

7. Open Floor Plans and Layout Adjustments
If your home feels cramped or lacks flow, reworking the layout can be an excellent way to enhance its value. Open floor plans are particularly popular with modern buyers, as they create a sense of spaciousness and allow for greater flexibility in furniture placement and use.
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What to Focus On:
Wall Removal: Removing non-structural walls to create an open living and dining space can transform the feel of your home. However, make sure the changes don’t compromise structural integrity.

Room Additions: If you have the space, adding a room such as a home office, mudroom, or laundry room can make your home more functional and appealing.

Flow and Accessibility: Ensuring there is good flow between rooms and creating easy access to outdoor spaces will make the home feel more welcoming.
While this type of renovation can be more costly and invasive, the value added can be significant, particularly in homes with outdated or inefficient layouts.

Renovating your home is a big decision, and while there’s no one-size-fits-all answer, certain upgrades consistently add value to your property. The kitchen, bathroom, and outdoor spaces like decks are often the best places to start, offering high returns for relatively modest investments.
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​When planning renovations, keep in mind the potential ROI, but also consider how much enjoyment you’ll get out of the upgrades. The key is to balance your personal preferences with the features that will most appeal to future buyers. A smart renovation strategy can turn your home into a true asset for years to come.

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