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    8 of the Best ROI Home Improvements for 2023

    The real estate market is expected to be red-hot in 2023. Home prices are expected to rise, and competition among buyers will be fierce. That means that any upgrades you make to your home will go a long way in increasing its value and making it more appealing to potential buyers.

     

    Home Improvement ROI

     

    There’s no doubt that making upgrades and improvements to your home can add value to your property. But which ones offer the best return on investment (ROI)? Here are 8 of the most popular home improvements with a high ROI. Read on to find out what they are and how you can start benefiting from them today!

    Minor Bathroom Remodel

    According to the latest reports, minor bathroom remodels have an average ROI of 102%. That means for every $100 that you spend on a bathroom remodel, you can expect to see a $102 return when you sell your house.

     

    Nelson Cabinetry 24" White Shaker Bathroom Vanity With Soft Close

     

    So what exactly is a minor bathroom remodel? It includes projects such as painting the walls, updating the fixtures, and installing new flooring. These are all relatively inexpensive projects that can make a big impact in your bathroom. Plus, they are all projects that most homeowners can do themselves, which further reduces the cost.

    Landscaping

    Are you looking to spruce up your yard and improve your home’s curb appeal? If so, you may be wondering what the best landscaping trends are for 2021. While there are many different options to choose from, some of the most popular trends include low-maintenance gardens, native plants, and sustainable features.

     

    No matter what your style is, there are sure to be some 2022/2023 landscaping trends that will suit your taste. And, with returns averaging 100%, investing in your home’s landscaping is a surefire way to boost its value. So, if you’re hoping to increase your home’s ROI, now is the perfect time to start planning your ideal landscape.

    Minor Kitchen Remodel

    A minor kitchen remodel is defined as any upgrade that doesn’t involve major structural changes, like moving walls or adding square footage. Instead, it focuses on cosmetic changes, like changing cabinets, installing new countertops, and replacing appliances. These types of upgrades are usually less expensive and can be completed in a shorter timeframe than a major remodel.

     

    And since they don’t require extensive planning or permits, they’re ideal for homeowners who want to get the most bang for their buck. Whether you’re planning to sell your home in the near future or simply want to enjoy your kitchen for years to come, a minor kitchen remodel is a great investment. Returns an average of 98.5%!

     

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    Major Bathroom Remodel

    Returns on investment (ROI) for bathroom renovations are notoriously high, averaging around 93.2%. That means that for every dollar you spend on a bathroom remodel, you can expect to see nearly double your money back when you sell your home.

     

    So what should you keep in mind as you plan your bathroom remodel? First, think about what features will appeal to homebuyers in 2023. Second, consider how to make your bathroom more functional and efficient. And lastly, don’t forget the importance of curb appeal! By keeping these factors in mind, you can create a bathroom that will not only be enjoyed by your family for years to come, but that will also be a wise investment.

    Major Kitchen Remodel

    If you’re considering a major kitchen remodel in the near future, you’ll be happy to know that the project will have an average return on investment (ROI) of 91%. That means if you spend $30,000 on a kitchen remodel, you can expect to see a $27,300 return when you sell your home.

     

    Nelson Cabinetry White Shaker Kitchen Collection with Island, Wood Hood, and Glass Door Cabinets
    Nelson Cabinetry White Shaker Kitchen Collection with Island, Wood Hood, and Glass Door Cabinets

     

    So what are the ideal characteristics of a kitchen that will bring a high ROI? First and foremost, it should be functional and well-designed. The layout should flow well and make sense for the way you live and use your kitchen. It should also be attractive, with features like updated appliances, new countertops and backsplashes, and modern cabinets.

     

    Keep in mind that not all kitchen remodels are created equal. So while you may recoup most of your investment, it’s still important to choose wisely when it comes to both the scope of the project and the contractor you hire to do the work. With a little planning and effort, you can ensure that your kitchen remodel is both beautiful and lucrative.

    Entry Door Replacement

    A new front door is always a welcome addition to any home. Not only does it provide an updated look, but it can also be a great way to increase your home’s value. If you’re thinking about selling your home in the near future, then an entry door replacement might be a wise investment.

     

    Upgrading your front door is one of the best ways to improve your home’s curb appeal. Furthermore, if you’re planning on selling in 2023, then you can expect to see a high return on investment. The average ROI for an entry door replacement is 90.7%, so it’s definitely worth considering if you’re looking for ways to increase your home’s value.

    Deck/Patio/Porch Addition

    2023 is shaping up to be an ideal year to add a deck, patio, or porch to your home. According to the latest data, these types of home additions offer homeowners an average return on investment (ROI) of 90.3%. That means if you spend $10,000 on a new deck, you can expect to see your home’s value increase by $9,003 when you sell.

     

    If you’re looking for the highest ROI possible, consider adding a wood deck. This type of deck boasts an average ROI of 90,2%, making it one of the most cost-effective home improvements you can make in 2023. No matter what type of deck you choose to add, you’re sure to see a healthy return on your investment come 2023.

    Basement Remodel

    If you’re looking for home improvement projects that offer a high return on investment, you may want to consider a basement remodel. According to reports, a basement remodel offers an average return of 90.1% in the 2023. That means if you spend $10,000 on your basement remodel, you can expect to see a $9,001 increase in your home’s value when you sell.

     

    Not only does a basement remodel offer strong financial returns, it also provides additional living space that can be used for a variety of purposes. A finished basement can be turned into a playroom for the kids, a home office, a home gym, or even an in-law suite. No matter how you use it, a basement remodel is a great way to add value to your home.

    Conclusion

     Project ROI
    Minor bathroom remodel 102%
    Landscaping 100%
    Minor kitchen remodel 98,5%
    Major bathroom remodel 93,2%
    Major kitchen remodel 91%
    Entry door replacement 90,7%
    Deck/Patio/Porch addition 90,2%
     Basement remodel 90,1%


    So, if you’re looking for home improvement projects that will offer a high return on investment (ROI) in 2023, look no further. These eight projects are sure to give your home the boost it needs – and may even add some value to your property as well. Are you ready to get started?

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    Nelson Cabinetry

    Nelson Cabinetry is an online distributor of high quality kitchen and bathroom cabinetry. We pride ourselves in delivering a high quality product via an easy to use, convenient website. Placing your cabinet order has never been easier and you can do so from the comfort of your home, office or job site.

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