When it comes to increasing the value of your home, the exterior is the first thing potential buyers will see. It's worth investing in some simple improvements to boost your curb appeal. Mowing the lawn, trimming the bushes, raking the leaves, and touching up the paint on the fence are all great ways to start. But if you're looking for more substantial projects that will really add value to your home, Opendoor data on thousands of recent home sales can help.
Here are 11 projects that will increase your home's value, ranked according to their average return on investment.
1.Adding a bedroom. Adding an extra bedroom is one of the most effective ways to increase your home's value. To qualify as a bedroom, it should have a closet, window, and door, and should add at least 150 square feet of living space above the floor.
2.Installing stone veneer.
According to Chase, adding stone veneer is one of the most impactful ways to generate profits from a renovation.
3.Improving your garden. A report found that 67% of people are more likely to view a house if its garden is well-maintained. OnBuy's garden furniture industry surveyed 3,400 people and presented images of 20 similar-looking houses with different gardens in front.
The results showed that lilies were the most popular choice; 71% of potential buyers thought they made a home's exterior more attractive.