Skip to main content

We Asked The Pros: Which Home Improvements Have the Best ROI in 2018

ROI in 2018

These are a few home improvements that will give you the biggest bang for your buck in 2018. Image: My House Design Build Team

Every homeowner wants to get the biggest impact possible out of their home improvements. Whether you’re looking to make a move in the near future or are planning on staying put for years to come, it’s comforting to know that your investment of time and money is worth the effort, that the work you’re doing will add value to your home.

With that in mind, we decided to take the issue to the experts. We asked the leading minds in real estate to tell us which home improvement projects are set to have the best return on investment (ROI) in 2018. Read on below to see what they had to say and to learn where in your home your sweat equity will ultimately have the biggest impact.

smart home technogies

Expect smart home technologies to start popping up everywhere. Image: Honeywell Home

1. Smart home technologies

“According to the most recent Luxury Portfolio Global Luxury Real Estate Report, 76% of buyers agree: Having a ‘smart home’ is very important to me. In particular, safety is a top concern. Of those surveyed, 39% are looking for a convenient, centralized network that securely controls smart-home and internet connections; aka the ability to operate a home security system through a mobile device.” — Stephanie Anton, EVP of Luxury Portfolio International

outdoor living space

Let an outdoor living space draw in buyers. Image: Creative Environments

2. Outdoor living space

“According to a recent survey, 51% of home buyers find outdoor living space the most attractive quality when searching for their perfect home, more so than open floor plans and curb appeal. As such, outdoor spaces are becoming an ideal investment, not only for current homeowners’ enjoyment, but also for sellers looking to bring added value to a home for future sale.” — Joe Raboine, National Design & Training Specialist for Belgard in Atlanta

Energy-efficient kitchens

Energy-efficient options are set to be a smart investment. Image: Energy Efficient Homes

3. Maximizing energy efficiency

“Making energy-efficient upgrades will give you more bang for your buck in 2018. When thinking of energy efficiency, people often go straight to solar panels. However, smaller changes like upgrading your HVAC, water heater, or windows can also cut energy costs — resulting in an accumulation of savings over time. You can even make improvements as simple as adding solar-powered lighting to your front yard, which will help increase overall savings.” — Sacha Ferrandi, Founder of Source Capital Funding Inc., San Diego

modernized bathrooms

As always, modernized bathrooms make a big difference. Image: Robson Homes

4. Modernized bathrooms

“Modern bathroom trends are staying the same in 2018 as in 2017. Clean lines with rustic touches. Adding grays into the color scheme is also very popular right now and most consider this the greatest non-offensive tone to go choose from. (Beige is out.) Be careful, though, buyers like a very light gray. Some darker grays can come across as purple in certain lights.” — Sotereas (Teris) Pantazes, CEO & Founder of EFynch in Baltimore

fresh finishes

Sometimes fresh finishes are all that’s needed. Image: Designtheory Inc.

5. Refreshed finishes

“Not all renovations have to be huge. I like to suggest that homeowners update their finishes before they go to sell because it’s not always easy for buyers to visualize the potential of a space. If a space is really run down and a buyer thinks that he will have to redo everything, it’s easy to either over or underestimate the cost to achieve what it could look like. Older finishes also eliminate a big chunk of the buyers out there who just aren’t willing to do the work.” — Ori Goldman, CEO of Loftey in New York City

ROI in 2018

These are the projects to keep in mind when ROI matters most. Image: David Morello Garden Enterprises Inc.

Home improvements can be a bit of a gamble. On the one hand, while you’re living in the space, it’s only natural to want to create a space you’ll enjoy. On the other, if you intend to sell, you also want to make changes that appeal to buyers. That’s why we asked the pros to help you weigh the risks. They told us which home improvements will probably have the best ROI in 2018, so you can make sure to get the most bang for your buck.

What do you think of these home improvements? If you were a buyer, would they sway your opinion on whether or not to buy the home? Share your thoughts with us in the comments below.

This post originally from Fresh Home

Comments

Post a Comment

Popular posts from this blog

Mind the gap: Fit IKEA MALM over a tall baseboard

I forgot one thing when I ordered the MALM dresser : The baseboards in my apartment are very tall and very wide. So, when I installed it, I had a 4 cm gap between the wall and the back of the cabinet which was not aesthetically possible for me. As it is not possible to cut the back of dresser at the bottom to leave room for the tall baseboard, I decided that MALM should be raised. And it was much simpler than I had imagined. You’ll need: A MALM dresser (mine is a 6-drawer chest) Six oak bed legs (I think five would have been enough, but while I was there …) 6 mounting plates A piece of plywood the size of the bottom of the cabinet (I went to the hardware store next door, it cost me less than 5€) Screws White adhesive edging tape How to raise the MALM dresser above a tall baseboard Place the MALM upside down. Fix the plywood onto the underside of the MALM with screws. Predrill holes for the leg screws (if you have the same baseboard problem as me, make sure you measur...
Post a Comment
Read more

How to Document the Home Building Process

Building your home is a unique experience filled with stories you will never forget. There is also important information you need to remember if you build, even after you settle in. Whether it’s for your family or for future renovations, documenting your build is an important part of the process. Keeping track of your documents and making sure your family stay in the loop can help you stay organized and make sure you remember everything about your build. Not sure how to stay on top of all of the details? Document the process with these simple tips so you can always look back on it fondly. Collect this idea Use social media and involve your friends. Image: Kroiss Development Keep friends and family in the loop The home building process is exciting and your friends and family will want to be included. In fact, you’ll probably find that your new home becomes a popular conversation topic. You don’t need to personally keep everyone in the loop. Instead, you can find ways to keep ev...
1 comment
Read more

IKEA KALLAX Queen Storage Bed

I built this prior to knowing this website existed, this probably would have saved some contemplation. For difficulty reference, I am no carpenter (electrician actually) and I built it with my right hand in a cast. We bought an old house with original hardwood flooring from the 40s so we were very concerned about damaging it. The casters on a normal bed frame put a lot of pressure on a small surface and we didn’t want it dented or damaged if things started a rockin …. Plus, a 40′s house has virtually no storage as you only needed 3 pairs of pants back then. IKEA material : 3 x KALLAX shelf units (4) 4 x KALLAX drawer kits 8 x KALLAX fabric boxes Non-IKEA material : 4 x 2×4 A grade (saves time) 2 x 2×6 2 x sheets 1/2″ plywood (what ever grade you want) 25ft x iron-on edge trim 100 x 3″ #8 wood screws 20 x 1-1/4″ #8 wood screws satin white paint Tools (I used) : Tape measure Drill w/ 1/8″ bit for piloting holes Impact driver for screws Table saw Miter saw Ass...
Post a Comment
Read more