The 4 Best Home Renovations for Long-Term Value (and the Worst)

by EV Atlanta

Based on the most recent data from Realtor.com, the number of homes available for sale grew by 24.6%, with properties spending 73 days on the market, making it the slowest January since 2020. While the median price of homes available for sale in January was down 2.2% to $400,500, more small places are listed this year.

The Best Home Renovations for Long-Term ROIs

Kitchen Renovations

“Minor upgrades, such as updating cabinets, countertops, and appliances, can yield some of the highest returns on your investment,” said Shaka Walker, a real estate advisor at Engel & Völkers Atlanta. “Buyers prioritize functionality, open layouts, and durable materials. Upscale renovations yield a lower return, so concentrate on midrange selections.”

The kitchen is a focal point for buyers if you plan on investing in your home to sell it for a much higher price in the future. Based on data compiled by HomeGuide, a basic kitchen upgrade can cost anywhere from $6,000 to $25,000, depending on what you’re looking for. The Journal of Light Construction found that 96% of the costs of a minor kitchen upgrade were recouped when it came time to sell.

Bathroom Renovation

Bathroom renovations can be an impactful upgrade to increase home value since potential buyers look out for this, and modernizing this space will enhance the visual appeal of your property. Walker suggested that you focus on replacing bathtubs and showers, retiling, upgrading vanities, and improving lighting. The good news is that even minor changes like painting or updating fixtures can increase your home’s appeal for minimum costs.

A report from Clever Real Estate found that 33% of buyers considered a remodeled bathroom one of the most desirable home improvements. Angi estimates that a bathroom remodeling project costs $12,116, depending on the materials and layout.