🏡 Calling all home improvement enthusiasts! Are you wondering what the top home renovation projects with the highest ROI are? The latest Zillow study has revealed an intriguing trend – traditional home buyers are set to go head-to-head with home flippers in 2024 for homes needing little love and care. Even with a rise in inventory in 2023, the demand for homes exceeds supply, keeping the market hot and competitive.
Now, if you’re looking to invest in a home renovation project and want to maximize your returns, focusing on projects with the highest ROI is essential. Who doesn’t want to see sweat equity pay off, right?
As per NAR, here are the top home renovation projects with the highest ROI and the key features prospective buyers look for in a home.
- Kitchen Upgrade: 67% of the value recovered from the project
- Bathroom Renovation: 71% of the value retrieved from the project
- Hardwood Flooring Refinish: 147% of value recovered from the project
Let’s turn those fixer-uppers into lucrative assets! 💰
Check out the full NAR study here for more home renovation project ROI information.
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