Friday Fun Facts – What Remodeling Projects Are Best For Resale?

Thinking about remodeling your home?

In 2023, Americans spent approximately $363 billion upgrading and remodeling their homes.  Not all remodeling projects are created equal… so which investment gives the best return when it comes to resale value?

It might not be a surprise that the best money to spend upgrading your home is in the kitchen – it’s the place where most homeowners spend the majority of their waking hours.  According to research from the National Association of Realtors, it’s also where remodelers will see the biggest return on investment.

Here is the ranking of various projects in terms of the value they add to the home:

1. 1. 1. Complete kitchen remodel
      2. Kitchen upgrade
      3. HVAC replacement
      4. Owner’s suite renovation
      5. Bathroom renovation
      6. Finishing a basement
      7. Adding a bathroom

Bottom line: Home upgrades are a smart play, and kitchens are where the real money is. These renovations aren’t just about looking good – they’re about boosting your home’s value and making your space work for you. So whether you’re dreaming of granite countertops or a sleek new stove, your kitchen remodel is likely to pay off when it’s time to sell.