What Is The Best Home Improvement? (Explained)

Home improvement is a great way to add value to your home. You can use it to increase the value of your home, or you can use it just because you want to improve the quality and comfort of your living space. 

If you’re looking for suggestions on what would be the best home improvement right now, check out this list:

Best Home Improvement Projects
Takeaway
Invest in home renovations that address functional issues, add usable space, or improve aesthetics.
Plumbing issues should be addressed as soon as possible to prevent costly damage down the line.
There are a variety of financing options available for major home repairs, including government assistance and loans.
By following pro tips and expert advice, you can effectively build and run plumbing systems.
Stay informed about trends and top home projects by keeping up with resources like Forbes, Fortune Builders, and Investopedia.

A New Roof

When it comes to improving your home, there’s no job more important than a new roof. Not only can they protect against leaks and damage, but they also add value to your property.

A new roof costs $7,500 on average (though prices vary by region), but that price tag could be hundreds of thousands over the lifetime of your home. 

A great way to save money is by doing it yourself: if you’re handy with tools and know what you’re doing, many DIYers say the job takes about three weeks—and this will save you about $1 per square foot in labor costs.

To learn more about how home renovations work, check out our comprehensive guide on home renovations. It contains pro tips and expert advice on how to renovate your home effectively and efficiently.

Kitchen Updates

Kitchen upgrades are a great way to increase the value of your home. It’s possible to do these updates in stages and not have to spend a lot of money to get started. In fact, kitchen upgrades can add up to 25% the value of your home if you do it right!

The best thing about kitchen updates is that they don’t have to be expensive, but they will pay for themselves in the long run by increasing your property’s resale value. 

If done right, you’ll end up with a better kitchen than when you began and possibly more money in your pocket when all is said and done!

Kitchen Upgrades Value and Cost Table

Kitchen UpdateCost RangeReturn on Investment
Upgrade hardware (handles, knobs, etc.)$50 – $500200%
Repaint cabinetry$300 – $1,200240%
Replace backsplash$300 – $1,500350%
Upgrade lighting fixtures$100 – $500250%
Install new countertops$1,500 – $5,000200% – 400%
Add a kitchen island$1,500 – $5,00050% – 80%
Install a new sink and faucet$300 – $1,500200%
Refinish or replace flooring$1,500 – $5,00070% – 100%
Upgrade appliances$1,000 – $5,000+50% – 70%
Full kitchen remodel$20,000 – $50,000+60% – 80%

Kitchen upgrades can add significant value to your home, so it’s important to choose updates that fit within your budget and offer a good return on investment. This table provides a general cost range and estimated return on investment for various kitchen upgrades, so you can prioritize your updates and plan your expenses accordingly.

Bathroom Upgrades

If your bathroom is feeling a little outdated, you have the option to change things up. A few changes can go a long way in making your space feel brand new!

Replace the vanity: This is a great place to start, because it’s right in front of you when you’re washing your face and brushing your teeth. Even if it’s in good condition, it could use an update. If this is something that interests you—and let’s be honest, who doesn’t love a good project?—it can be as simple as replacing the sink or adding some new knobs on top of what’s already there!

Replace the toilet: Maybe you’ve never considered replacing your toilet before now; perhaps all this talk about “upgrades” has made them seem like an unattainable luxury item for someone like yourself who lives paycheck-to-paycheck and has already maxed out their credit card rewards points at Target for 2018. 

But don’t worry—you can still do this upgrade without breaking the bank! For example: maybe just buy a new one instead of renting one from those guys down by Home Depot (who always make me uncomfortable). 

Or maybe get rid of both toilets and get one really nice one instead (the kind where they come over with their own tools). 

Or maybe just replace -one- part at this point so we’re not talking about any more money than usual.”

If you’re experiencing plumbing issues and want to fix them yourself, you might find our pro guide helpful. It includes step-by-step instructions, tools you’ll need, and common mistakes to avoid.

Basement Remodel

Basement remodels are a great home improvement choice. It’s estimated that more than 50% of homes have an unfinished basement, so chances are, you’re not alone in your desire to turn that unused space into something functional and beautiful.

Basements can be finished in many ways. You might want to add a bathroom or kitchen, create an open living area, or design it as a playroom for the kids or home gym for yourself. When planning your project, take into account how much time you want to spend on it—and what kind of budget is available for this project. 

The cost will vary depending on which option you choose and how large the room is; however most commonly used methods range from $15-$25 per square foot if done by professionals like.

Basement Remodel Cost and ROI Table

Basement RemodelCost RangeReturn on Investment
Home Theater$10,000 – $30,00075% – 85%
Family Room$10,000 – $25,00070% – 80%
Extra Bedroom$10,000 – $25,00070% – 80%
Office$10,000 – $20,00050% – 60%
Game or Recreation Room$10,000 – $20,00070% – 75%
Guest Suite$15,000 – $30,00070% – 75%
Gym$10,000 – $20,00070% – 80%

Basement remodels offer great potential for increasing living space and adding value to your home. This table provides a general cost range and estimated return on investment for various basement remodel options. Keep in mind that these costs and returns may vary depending on your location, the scope of the project, and other factors.

Re-Finish the Basement Floor

Re-finishing your basement floor is one of the easiest—and most affordable—ways to add value to your home. 

Not only that, but it’s also a project that you can do yourself with little more than basic tools and some straightforward instructions.

Basements have long been neglected because they’re not as appealing or functional as other parts of the house, but that doesn’t mean they need to be! You just need a little creativity and patience (and maybe a few helpful tips from us).

When choosing which flooring material to use for your basement, keep in mind that moisture levels vary greatly between basements and above-ground areas. 

For example, tile tends not to hold up well in damp spaces because water can seep through tiny cracks in tiles’ grout lines over time and cause mold growth underneath them. 

If you are worried about this happening at some point down the road (or even right away), then think about using hardwood instead; it won’t absorb any moisture whatsoever due its natural oils being resistant towards mold growths and mildew formation.

Expert advice can be invaluable when it comes to running your plumbing system. We’ll help you troubleshoot common plumbing problems and avoid costly mistakes.

Replace the Windows

Replacing your windows is one of the most important home improvement projects you can do. Here’s why:

Windows control temperature, light and noise. These three things are vital to creating a comfortable environment in your home. 

You want your house to stay cool in summer and warm during winter, you want maximum natural light without letting too much heat through and you don’t want outside sounds disturbing your peace at home. 

Windows are what help us achieve these goals by controlling incoming sunlight, air flow into and out of the house, moisture levels within walls (to prevent mould growth).

Replacement windows can also be made from various materials including timber frames or aluminum frames with glass panels inserted into them (the most common option). 

They can also be customized to look like other materials such as stone or brickwork which adds value if resale time comes around again!

Siding Replacement

Siding is the exterior covering of a building. It can be made of wood, metal, vinyl, fiber cement or stucco. 

The most popular choice is wood siding which is durable and can last for 100 years when treated with a high-quality stain.

Wood siding comes in many different styles including:

  • Wood shingle
  • Painted cedar
  • Stained pine
  • Hand-split shakes

Major home repairs can be financially challenging. Our guide on paying for major home repairs explores options like government assistance and financing to help you navigate these costs.

New Deck or Patio

  • A deck or patio is a great way to add value to your home.
  • You will be able to use it all year long, not just in the summer months when the weather is nice.
  • It’s a wonderful opportunity for entertaining and socializing with friends and family members.

New Deck or Patio Cost and ROI Table

New Deck or PatioCost RangeReturn on Investment
Wood Deck$5,000 – $15,00080% – 90%
Composite Deck$8,000 – $22,00074% – 82%
Brick Patio$8,000 – $25,00050% – 75%
Concrete Patio$3,000 – $10,00070% – 80%
Flagstone Patio$15,000 – $30,00060% – 80%
Paver Patio$8,000 – $20,00070% – 80%

New decks or patios can be great for enhancing outdoor spaces and adding value to your home. This table provides a general cost range and estimated return on investment for different types of decks or patios. Keep in mind that these costs and returns may vary depending on your location, the scope of the project, and other factors.

Choose Any Of These And You Can’t Go Wrong For Home Improvement

When it comes to home improvement projects, there are several things that will increase the value of your home. No matter which one of these improvements you choose, you can’t go wrong in increasing the value of your property.

Roofs and bathrooms always improve the value of a house. If you have an older roof that’s starting to leak, it might be time for new shingles or tin. The same goes for bathrooms: if yours is outdated or looks dirty from years of use, now’s the time to update it with fresh tile work and fixtures.

Windows are also a good choice for improving your home’s value because they can dramatically change how light enters into the house and how much money you’ll spend on electricity bills each month! 

If there are areas where sunlight floods through during the day but don’t receive enough heat at night, adding insulating shades may help reduce heating costs while still allowing plenty of natural light into rooms like kitchens or living rooms (which often take up most daytime hours). 

New windows could also make your whole house feel more open by replacing old ones with larger panes (especially if they’re smaller than standard size).

Finally, remember that one room doesn’t have all these qualities together so consider investing some money into remodeling parts where possible based on what would benefit most from new materials/styles etcetera.

For pro tips on building plumbing systems, check out our guide. It includes advice on choosing materials, sizing pipes, and preventing plumbing mishaps.

Conclusion

You’re probably wondering what the best home improvement is. Well, we can’t tell you exactly what that might be because there are so many options out there! 

The only thing we know for sure is that if you choose any of these and go through with them, it will make a huge difference in both how your house looks and feels.

Further Reading

If you’re interested in learning more about home improvement and renovation, here are some useful articles to check out:

Types of Home Renovation: Which Ones Boost Value?: This Investopedia article breaks down the types of home renovations that can increase your property value and why they are effective.

Top 10 Home Improvements with the Highest ROI: Fortune Builders lists the top 10 home improvements to consider when looking to boost your home’s value and return on investment.

Top Home Projects for 2022: Forbes provides a roundup of the top home improvement projects to tackle in 2022, along with tips on how to prioritize and plan for them.

FAQs

What are some affordable home improvement projects?

Some affordable home improvement projects include upgrading lighting fixtures, repainting walls or cabinets, pressure washing the exterior, and installing new hardware on doors and cabinets.

Do home renovations add value to my property?

In general, yes. Home renovations can add value to your property, especially if they address issues like outdated features, poor functionality, or lack of maintenance. However, not all renovations increase your property value to the same extent, so it’s important to do your research before investing in home improvement projects.

What is the best time of year to start a home renovation?

The best time of year to start a home renovation depends on the scope of the project and your specific goals. However, many people prefer to start renovations in the spring and summer due to better weather conditions, longer daylight hours, and increased availability of contractors.

How can I finance my home improvement project?

There are several ways to finance a home improvement project, including home equity loans, personal loans, credit cards, and government-sponsored programs. The best option for you will depend on factors like your credit score, the size of your project, and your ability to repay the loan.

Do I need a permit for my home improvement project?

Not all home improvement projects require permits, but many do. Your city or county government will have specific requirements for when permits are needed. Failing to secure the necessary permits can result in fines, legal issues, and difficulties selling your home in the future.