Sharing the top five home improvements that homeowners should consider.

What are the best home improvements you can make for a high return on investment? Today, I’m sharing the five best upgrades you can make in the Twin Cities Metro area. 

The first is replacing your flooring, which offers one of the highest returns on investment. The average cost ranges from $3,500 to $13,500, depending on the home’s size and the quality of the update. On average, this update can increase your home’s value by $21,000.

The second update is landscaping, with an average cost between $1,000 and $1,500, and an average value increase of $31,140 to $43,140.

“Replacing your flooring offers one of the highest returns on investment.”

The third-best upgrade is interior paint, encompassing the entire house, including walls, ceilings, and trim. The average cost falls between $5,500 and $10,500, while the average value increase amounts to $15,500.

Roof replacement is the fourth update, which surprised me with its significant impact on home value. The average cost ranges from $9,000 to $23,500, while the average value increase is an impressive $61,920. This translates to a return on investment exceeding 15%, well above the commonly assumed 10%.

The fifth update is a kitchen refresh, involving updates to finishes such as repainting cabinets, retaining some cabinets, installing granite or quartz countertops, and updating fixtures. The average cost for this update is $14,000 to $17,000, while the average value increase is $58,035. It is worth noting that kitchen and bathroom updates are typically the most expensive but yield the highest average return on investment.

Check out this link if you want a visual guide explaining this information. If you have questions about this topic or anything else, please call or email me. I am always willing to help!