RE/MAX REALTY ASSOCIATES
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ROI: Which Home Improvement Projects Add Value to Your Home?

by Max Mitchell 10/10/2022

Home improvement projects not only help you personalize your space to suit your style, but they can also boost your property value. When you are investing in a home improvement project, it's important to choose one that is going to allow you to enjoy the greatest return on your investment.

These home improvement projects typically add the most value to your home:

Kitchen Remodel

A kitchen remodel is one of the most costly home improvement projects that you can take on, especially if you decide to renovate your kitchen from the ground up. However, this is also one of the most valuable investments that you can make in your home. A renovated kitchen can provide you with anywhere from a 50 to 80 percent return on your investment, depending on the choices that you make and the amount of money that you invest in the project.

New Windows

Installing new windows in your home is an improvement project that will increase your quality of life inside your home while also ensuring you enjoy a generous return on your investment when you go to sell. It is important to opt for energy-efficient windows to get the most cost savings and see the highest returns. Don't forget about the rebates and tax credits you may be eligible for when you invest in energy-efficient windows.

Improved Deck or Patio

When you make a commitment to improve your outdoor living space, you are investing in your own enjoyment of your home. However, a freshly painted deck or a new patio can also add a lot of value — either project can offer a 30 percent to 60 percent return on your investment.

Basement Refinishing

Finishing the basement in your home can transform this storage area into a new, functional living space. If you add luxury features, such as a full bathroom or a wet bar, you may find that you see an even larger return on your investment from this project.

Any home improvement project — regardless of its size or scope — is going to require an investment of your time, energy and financial resources. When you select value-added home improvement projects, you may find that your investment pays off in dividends when you list your home on the market for the highest possible price.

About the Author
Author

Max Mitchell

Max Mitchell epitomizes integrity, energy, hard work, and creative services in every detail of your real estate transaction. With over 40 years of experience in the Champaign-Urbana area, Max has established himself as a trusted and successful real estate agent. He is proud to be a Ramsey Trusted real estate agent, providing top-notch service to his clients.

Max's sales journey began at a young age, selling The News Gazette in his neighborhood. Since then, he has worked in every aspect of the industry, representing sellers, buyers, investors, and banks in both residential and commercial markets.

As a family man, Max holds a strong devotion to God and his beautiful wife, two children, and two lovely granddaughters. He's an adventurer by nature and enjoys floating over Champaign-Urbana in his hot air balloon, often traveling to attend the Albuquerque International Balloon Fiesta and other events throughout the summertime. Max also challenges himself with early morning cycling classes at Mettler Center and the YMCA, finding it a great way to recharge and connect with others.

Max's sales expertise has been shaped by renowned mentors such as Dale Carnegie, Tom Hopkins, Mike and Tom Ferry, and Brian Bufini. He believes in giving back to both the industry and the community. Max serves on the Illinois REALTORS Board of Directors, has been President of the Champaign County Associations of REALTORS, and holds a seat on the Champaign County Board in district 5. He remains active within the community, contributing his time and expertise to organizations such as Visit Champaign County Board, Champaign County Economic Development Board, and the Willard Airport Advisory Committee.

When it comes to working with Max Mitchell, you can count on five key qualities: Love, Integrity, Commitment, Passion, and FUN. With Max as your real estate agent, you can trust that your transaction will be handled with the utmost care and professionalism.