Renovations that increase the value of your home.

Home Renovations With the Greatest Return on Investment

According to a recent report by Curbio, a leading pre-listing home improvement company, these are some of the top renovations to make if you’re looking for a high return on investment:

• Minor kitchen upgrades (repainting the cabinetry, installing new countertops or appliances, etc.): 377% ROI

• Refinishing hardwood flooring: 348% ROI

• Minor interior updates (updating the electrical wiring): 297% ROI

• Replacing a roof: 288% ROI

• Replacing carpets: 280% ROI

The renovation project with the highest ROI, according to the Curbio report, was a kitchen refresh. Unlike a full remodel, which has an expected average ROI of 220%, a kitchen refresh brings in around a 377% ROI. If, for example, a homeowner spends $15,000 on kitchen updates, the person could earn roughly $56,550 in profits.

Ultimately, it’s up to you which types of home renovations you focus on. But if you’re working with a limited amount of money and want the highest returns, smaller-scale projects may provide the most bang for your buck.