Home improvements can make your house feel brand new, but they can also be a major investment. If you’re thinking about remodeling, it’s important to focus on projects that increase your home’s value without wasting money.
In Missouri, home values and buyer preferences vary by location. What adds value in a busy city like St. Louis may not have the same impact in a smaller town. That’s why it’s essential to pick renovations that not only improve your living space but also provide a strong return on investment (ROI) when it’s time to sell.
Some upgrades boost home equity faster, while others might be a waste of money. To help you make the best decision, here are the top home improvement projects with the highest ROI.
1. Kitchen Upgrades That Boost Value
A modern, updated kitchen is one of the best ways to increase home value. Many buyers see the kitchen as the heart of the home, so even small updates can have a big impact.
Instead of tearing everything out and starting from scratch, consider cost-effective upgrades like:
- Refinishing cabinets instead of replacing them. Painting or staining old cabinets can give them a fresh, modern look.
- Updating countertops with quartz or granite for a sleek and durable finish.
- Installing a stylish backsplash to add character and personality.
Swapping outdated light fixtures, cabinet handles, and faucets can make a kitchen look brand new for a fraction of the cost of a full remodel.
Many homeowners choose to finance kitchen renovations using their home’s equity. Checking current home equity loan rates in Missouri can help determine if this is a smart way to fund your project. Since home equity loans typically have lower interest rates than credit cards or personal loans, they’re often a more affordable financing option for home improvements.
2. Bathroom Remodels: Where to Spend and Save
Next to the kitchen, the bathroom is one of the most important rooms to update. However, a full bathroom remodel can be expensive, so it’s best to prioritize upgrades that offer the most value.
Some high-ROI bathroom improvements include:
- Replacing an old vanity with a modern one that has extra storage.
- Upgrading faucets and showerheads for a stylish and water-efficient touch.
- Re-grouting tiles and replacing outdated flooring for a clean, refreshed look.
If you have space, walk-in showers are becoming more popular, but if you’re planning to sell, it’s best to keep at least one bathtub since many buyers—especially families—prefer homes with a tub.
3. Curb Appeal: The Fastest Way to Increase Value
First impressions matter when selling a home. If the outside looks outdated, many buyers won’t even bother going inside.
Thankfully, boosting curb appeal doesn’t have to be expensive. A few easy ways to refresh your home’s exterior include:
- Painting the front door in a bold, inviting color like navy blue, red, or deep green.
- Updating outdoor lighting to create a warm and welcoming entrance.
- Adding fresh landscaping with native plants that require less maintenance.
If your home’s siding looks worn, power washing or repainting can make it look new again. Well-maintained landscaping, a clean driveway, and a welcoming entryway can dramatically improve a home’s perceived value.
4. Energy-Efficient Improvements Buyers Love
Many buyers today look for energy-efficient homes to save on utility costs. Some simple upgrades that can increase your home’s value include:
- Energy-efficient windows that reduce heating and cooling costs.
- Smart thermostats like Nest or Ecobee that allow homeowners to control temperature remotely.
- LED lighting and better insulation for long-term energy savings.
These improvements not only attract buyers but also save you money while you’re still living in the home.
5. Basement and Attic Conversions for More Living Space
If you have an unfinished basement or attic, turning it into usable living space can add significant value to your home.
A finished basement can serve as:
- A home office, especially with more people working remotely.
- A guest suite for visitors or even a rental space for extra income.
- An entertainment area for family movie nights.
For homes with an unfinished attic, converting it into a bedroom or additional storage space can make your home more appealing to buyers. However, always check local building codes before making structural changes.
6. Hardwood Flooring: A Timeless Investment
Carpet can make a home feel outdated, while hardwood floors create a timeless, elegant look that buyers love.
If your home has old hardwood floors, refinishing them is one of the best ways to boost value without replacing them. If you’re considering new flooring, engineered wood or vinyl plank flooring can provide a high-end look at a lower cost.
Hardwood floors are easy to maintain, durable, and add a touch of sophistication to any home, making them a top choice for ROI.
7. Smart Home Upgrades for Modern Living
In today’s market, smart home technology is becoming a must-have. While not all tech upgrades will boost resale value, some can make your home more attractive to buyers.
Some smart home features that add value include:
- Video doorbells like Ring or Google Nest.
- Smart locks for keyless entry and added security.
- Programmable garage doors and smart lighting systems.
These features improve security, energy efficiency, and convenience, making them a great selling point for tech-savvy buyers.
Not all home renovations offer the same return on investment. If you’re planning to upgrade your home, focus on projects that increase value while staying within budget.
Kitchens, bathrooms, curb appeal, and energy-efficient upgrades offer some of the best ROI, making them smart choices for homeowners looking to sell or improve their living space.
If you’re considering financing your home improvements, looking at options like home equity loans can be a good way to fund upgrades without high-interest debt. Smart renovations not only make your home more enjoyable to live in now but also increase its value when you’re ready to sell. By choosing the right upgrades, you can maximize your investment and enjoy the benefits of a well-maintained, modern home.
