Renovation ROI: Which Projects Offer the Best Return for Homeowners?
Renovating your home is a great way to enhance its functionality, aesthetics, and value—but not all renovations offer the same return on investment (ROI). If you plan to sell your home in the future, choosing the right upgrades can maximize resale value and attract buyers. Here’s a breakdown of the top renovation projects that offer the best ROI for Utah homeowners.
1. Kitchen Remodel (ROI: 70-80%)
A kitchen renovation remains one of the best investments for homeowners. Updating outdated cabinets, installing new countertops, and upgrading appliances can significantly boost home value. Many Utah homes still feature older, closed-off kitchen layouts, and opening up the space to create a modern, functional design appeals to today’s buyers. Energy-efficient appliances and high-quality finishes can further increase ROI.
2. Bathroom Remodel (ROI: 60-75%)
Modernizing a bathroom is another high-value renovation. Replacing old fixtures, installing a new vanity, and upgrading to water-efficient toilets and showers can make a big difference. In Utah, homes with multiple updated bathrooms tend to sell faster, especially in growing family-oriented neighborhoods like Lehi and Herriman.
3. Basement Finishing (ROI: 65-75%)
Many Utah homes come with unfinished basements, making basement finishing a great way to add usable square footage. Whether creating a family room, guest suite, or rental apartment, a finished basement adds value and functionality. With Utah’s rising home prices, buyers appreciate the additional living space.
4. Home Addition (ROI: 50-70%)
Adding extra square footage, whether through a new bedroom, sunroom, or second story, can significantly increase home value. Home additions are particularly beneficial in Utah’s competitive housing market, where larger homes in desirable locations are in high demand. While costly upfront, additions provide long-term benefits in both space and resale value.
5. Energy-Efficient Upgrades (ROI: 50-80%)
Utah’s extreme seasons make energy-efficient renovations a smart choice. Installing new windows, upgrading insulation, or replacing an old HVAC system can reduce utility costs and appeal to eco-conscious buyers. Solar panels are also gaining popularity, offering both savings and an attractive selling point.
6. Curb Appeal Enhancements (ROI: 75-100%)
First impressions matter. Simple exterior upgrades like a fresh coat of paint, updated landscaping, or a new front door can offer a high ROI. In Utah, xeriscaping—landscaping that reduces water use—is becoming increasingly popular due to the dry climate, making it a great investment.
Choosing renovations with the highest ROI ensures you get the most value from your investment while improving your home’s appeal. Whether you’re preparing to sell or simply want to enjoy a refreshed space, prioritizing the right projects can make a significant impact.
Want to maximize your home’s value? Contact RPM Construction & Remodeling today to discuss the best renovations for your budget and goals!