According to Mark Roemer Oakland, the new year is a time for a reset and new beginnings. That’s why a lot of people look forward to making improvements to their homes at this time. Adding improvements can revamp your space, make it more functional and comfortable or raise its value for a resell. Let’s check out the best ROI home improvements to undertake in 2023.
1. Kitchen refurbishment – Your kitchen is the most heavily used part of your home. That’s why a kitchen refurb should be an obvious choice. Whether you love easy meals that can be transferred from a pot to the plate or love to spend hours baking dishes, adding space for those tasks always makes sense.
You may also want to update your kitchen fixtures and a few pieces of kitchen equipment to bring it on par with most modern kitchens. All that sounds expensive, and it certainly is. However, such improvements to your kitchen make the space more practical and raise the property value significantly. Just changing the layout and lighting of the kitchen to add more workable space can make a huge difference.
2. Bathroom renovation – Bathrooms are other heavily used spaces in your home. They don’t just serve a practical purpose but can be sanctuaries where you get to relax and unwind after a long day’s work. That’s why renovating bathrooms makes a lot of financial sense. After all, a single luxury bathroom in your home can spike up your home’s value. You don’t even need to add luxurious modifications. Just bringing your bathroom up to date to modern standards can have drastic effects.
Moreover, you can save a lot of money on these projects by DIY-ing whenever possible. For instance, you can splurge more on tiles when you grout them yourself. Just choosing a brighter and more vibrant color scheme, adding a large mirror to extend the space, or updating lighting fixtures can increase the value of your property and give you a chunky return on your investment.
3. Roof repair or replacement – The easiest way to increase the value of your property with a guaranteed pay-off is to repair or replace your roof. Your roof shows the overall condition of your property and heavily affects its energy efficiency. So, if your roof shows signs of wearing and aging like missing or cracked shingles, warping, or heavy moss growth, get it repaired as soon as possible.
Even if you’re not planning to sell your home anytime soon, roof repair can pay itself back by saving you money on your energy bill. On the other hand, replacing the roof with a sturdier and more weather-resistant option protects everything under it.
Mark Roemer Oakland suggests that you choose some of the ROI home improvement projects mentioned above or take inspiration from them to improve other parts of your home. Either way, it’s important to be strategic with your investments so that you can get the most value out of these improvements.