According to Chicago real estate experts, the kitchen is one of the most important areas to focus on when remodeling a home for resale value. According to the National Association of REALTORS® (NAR), kitchen remodels are the most appealing to buyers and are likely to add the most value to a home. A full kitchen renovation in the northern and western suburbs of Chicago can cost between $85,000 and $200,000.
Other home renovations that can add value include:
- Basement updates: Renovating your basement into a living area can improve your home's functionality and add value when you sell it
- Flooring: New and refinished wood flooring can add value at resale
- HVAC upgrades: HVAC upgrades can add value at resale
- Bathrooms: If your bathrooms are outdated or out of style, it could be bringing down the value of your home
- Exterior doors: A fresh coat of paint or modern door style can elevate the entryway
- Landscaping: Landscaping should be welcoming, well-kept, and easy to maintain
Home renovation projects with the best returns on investment in the U.S.
The table shows the top 10 home renovation projects with the best returns on investment at time of resale.
