How to add value to your home: Upgrades with the best ROI

by Max Mitchell 11/06/2023

Whether you’re a homeowner or a real estate investor, it’s always important to know how to add value to your home. Many upgrades and renovations have a higher rate of return than others, and it’s helpful to know them to make the best possible investment in your property.

Here are some of the home upgrades with the highest returns on investment to consider:

Add a deck or patio

Outdoor living is a big priority for many potential homebuyers. Adding a patio or building a deck in your backyard is one way to add to your home value. Consider your choice of materials carefully, though. Some building materials can cost more up front, but will be cheaper and easier to maintain long-term.

Spruce up the bathroom

Most home improvement experts recommend focusing on bathroom renovations to add home value. Luckily, it doesn’t take a complete remodel to reap the rewards. Simple changes like replacing fixtures, adding storage space and repainting can result in a considerable payoff.

Increase energy efficiency

Energy efficiency is a top priority among potential buyers, both to help the environment and save on utility bills. Simple upgrades like installing a smart thermostat and energy-efficient appliances are high ROI projects. You can also consider more extensive upgrades like replacing windows, insulation and HVAC system.

Revisit landscaping

Landscaping is an often overlooked area of home improvement that can bring in massive returns. Trim shrubs, prune trees and plant new, low-maintenance greenery to refresh your outdoor spaces and enhance curb appeal. Other upgrades include installing simple water features, garden pathways and lighting.

These are just a few of the best ways to invest in your property and add value to your home. Consider these projects and others like them if you’re interested in boosting your ROI.

About the 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.