Home Improvements and their ROI - Getting Your Home Ready to Sell

Dated: May 8 2023

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If you're planning to sell your house, it's important to consider which home improvements will give you the best return on investment. Here are some of the best home improvements to make when selling your house in Northern Virginia, along with the average cost and expected return on investment for a mid-level remodel.

  1. Exterior Paint Job - One of the easiest and most cost-effective ways to improve your home's curb appeal is with a fresh coat of paint. According to HomeLight's Top Agent Insights report for Q1 2021, the average cost of a mid-level exterior paint job in Northern Virginia is around $4,000, with an expected return on investment of up to 90%.

  2. Kitchen Remodel - The kitchen is often considered the heart of the home, and can be a major selling point for potential buyers. Upgrades such as new countertops, cabinets, and appliances can make a big impact and improve the overall look and feel of the space. According to Remodeling Magazine's 2021 Cost vs. Value report, the average cost of a major midrange kitchen remodel in the Northern Virginia area is around $75,000, with an expected return on investment of up to 63.5%.

  3. Bathroom Remodel - A bathroom remodel is another home improvement project that can add significant value to your home. Upgrades such as new fixtures, tile, and lighting can give your bathroom a fresh look and feel. The average cost of a major midrange bathroom remodel in Northern Virginia is around $25,000, with an expected return on investment of up to 60%.

  4. Flooring - New flooring can completely transform a room and add value to your home. Hardwood flooring is a popular choice among homebuyers, but it can be expensive. According to HomeLight's report, the average cost of installing hardwood floors in Northern Virginia is around $8,000, with an expected return on investment of up to 70%.

  5. Landscaping - First impressions are crucial, and upgrading your home's landscaping can have a big impact on its value. Consider projects such as adding new plants, mulch, and lighting to create a welcoming and attractive outdoor space. The cost of landscaping varies widely depending on the size of your yard and the extent of the project, but according to HomeLight's report, the expected return on investment can be up to 100%.

Here are the home improvements in order of expected return on investment, from highest to lowest:

  1. Landscaping - with an expected return on investment of up to 100%.
  2. Exterior Paint Job - with an expected return on investment of up to 90%.
  3. Flooring - with an expected return on investment of up to 70%.
  4. Kitchen Remodel - with an expected return on investment of up to 63.5%.
  5. Bathroom Remodel - with an expected return on investment of up to 60%.

In conclusion, these home improvements can help you sell your house in Northern Virginia and get a good return on your investment. Keep in mind that the specific cost and expected return on investment may vary depending on factors such as the size and location of your home, as well as the specific improvements made. It's always a good idea to consult with a local real estate agent or contractor to determine the best home improvements for your unique situation. Give us a call and we can advise you on what you should do to get your home in shape to sell for top dollar!

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Paul Hunter

Many people in this business call themselves “Realtors”; however, very few would qualify as “true professionals”. It takes a true professional to properly handle your largest personal asset ....

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