5 Interior Renovations with Big Returns

Investing in your home is a priority. The more money that you put into things like interior renovations, design projects, room additions, and even painting, the greater the chance that your home will be worth more money when it's time to sell.

But how do you know which interior renovations will bring the greatest ROI (return on investment)? All it takes is a small amount of research and a bit of sweat, and you could be adding 10, 15, and even 25% more money into your home's equity. How's that for a return?

Here are 5 interior renovations with big payoffs.

Flooring

Buyers are looking for floors with style, but they are also in search of floors with little to no upkeep. Add big money to your home's equity by ripping up old carpet and vinyl flooring and replacing it with hardwood or tile.

Kitchens 

Kitchens sell homes, but for those who may not have the money to renovate an entire kitchen, a wonderful alternative is to upgrade fixtures and features. New cabinets, counter tops, and even an island can really increase your ROI.

Paint

Believe it or not, interior painting carries huge amounts of weight in terms of ROI. By simply repainting the interior of your home with neutral tones, you can count on a nice percent increase in your home's resale value.

Bathrooms

While adding a second bath or half-bath is expensive, you can still increase your home's value by sprucing up what you already have. Upgrade faucets, counters, and fixtures to modern, desirable styles. Then, to really increase your return, try retiling your bathroom and adding new top-of-the-line shower heads.

Basements

Not everyone has a basement worthy of a bonus room. So for those who still want to add value by upgrading basement features, consider installing a new water heater and furnace. Buyers who want simple, move-in ready homes appreciate it when these type of home features are completed for them.

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