How to Improve Your Home for Maximum ROI

by Samantha Elari 06/20/2021

Photo by Fotocraft via Shutterstock

Many homeowners spend thousands of dollars on improvements and upgrades only to find out that the return on their investment (ROI) is less than $1 to $1. That means that for every dollar spent, the selling price of their home does not go up a corresponding dollar. In fact, very few home improvements offer a dollar for dollar increase in price.

What some improvements accomplish, however, is a reduction of time that your home spends on the market. When calculating overall costs, a quicker sale can save you several additional mortgage payments on your home.

In-Home Improvements

If you intend to live in the house for some time, make the improvements that give you pleasure in your home. Renovate the house to meet your needs and improve your life. If you’re renovating just to sell, unless you bought the home as the lowest-priced house in a highly desirable market, redoing the kitchen and bath won’t always pay for themselves. However, they will make the home more attractive to buyers and give you a leg up on the competition.

Adding a room and increasing square-footage usually improves the home’s value. This means converting an attic or basement might be a better use of your funds. Adding a second bathroom also garners a buyer’s attention. But turning a garage into a family room could backfire on you if buyers treasure a garage more than the extra space. Before undertaking a garage conversion, speak with a knowledgeable real estate agent in that area to see which option buyers most often request.

Curb appeal Improvements

When choosing improvements for resale, adding to the curb appeal gives you the most bang for your buck. Replace street-view garage doors with carriage-house style or modern minimalist options and update the front door to match. Clean out flower beds, replant them, and trim them with stone edging. Keep bushes and hedges trimmed and prune trees to keep them healthy.

Circulation Improvements

Old homes in areas where air conditioning was an afterthought benefit from adding attic fans and insulation to improve the cooling properties. Also, when possible, install a whole house fan (different from an attic fan) as it offers superior circulation for a small investment and makes the lack of central air conditioning less noticeable.

Your professional real estate agent is your best resource to learn what’s selling in homes in your neighborhood.

About the Author
Author

Samantha Elari

Samantha Elari, your trusted local, hometown Realtor. She works diligently to promote your best interest whether you were buying or selling, by using state-of-the-art technology, team collaboration, superior marketing materials and strong negotiating skills. She has resided in the Denver metro area for over 40 years and has seen many changes in the real estate market. Call today for all of your real estate needs.

“It would be a pleasure and honor to work for you.” - Samantha Elari

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01/07/2019 - kellydcurl Sold a Single Family home in 2016 in Westminster, CO.

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Samantha was excellent! I have worked with her other than in real estate (we were co-workers) and she is excellent in every thing she pursues. That is why I decided to select her to sell my home, I could fully trust her. We had moved to another state and left the entire deal in her hands and she took care of everything for us. It was very reassuring knowing how through and detail oriented she is and her market knowledge was amazing. If I ever move back to the Denver area I will definitely have her as my realtor. Thanks so much Sam!

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01/03/2019 - zuser20160727132728859 Bought a Single Family home in 2018 in Arvada, CO.

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Samantha is very knowledgeable of the area we’re looking to buy. Her advise was spot on and purchasing our home with her help was a pleasure. I would definitely recommend her to others.

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01/03/2019 - c alquist Sold a Single Family home in 2018 in Firestone, CO.

  • Local knowledge: ⭐️ ⭐️ ⭐️ ⭐️ ⭐️
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My house went on the market on a Fri morning and by 3:00pm we had 3 offered, all over asking price. No open was needed. She helped us purchase a brand new build as well. She got us a finished basement for FREE as part of the deal. Sam, really knows her business and isn’t afraid to work it. I would highly recommend her to anyone. 

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01/03/2019 - dalquist59 Bought and sold a Single Family home in 2017 in Westminster, CO.

  • Local knowledge: ⭐️ ⭐️ ⭐️ ⭐️ ⭐️
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Sam is a great realtor. She is very attentive to detail and always has her clients best interest in mind. She knows the market and how to sell your home for the highest amount and in the quickest way possible! Our house sold in less than 1 day with 4 offers to choose from! We were never rushed to make any decisions and Sam made sure that our closing on the old home coincided with the closing of our new home. Every aspect of our sale and new purchase went flawlessly. If you're looking for a realtor that will do the best possible job for you, Sam is the one you're looking for!