What increases the value of a home the most?

Apply it with fresh paint. Give your kitchen a fresh look. In many cases, a kitchen or bathroom remodel can offer a return of 100 percent or more on your investment and that number could be even higher depending on the finishes you choose, the amount of labor you're willing to do yourself, and the number of improvements these changes offer compared to the current state of your home. Many first-time homebuyers believe that the physical characteristics of a home will lead to an increase in the value of the property.

But in reality, the physical structure of a property tends to depreciate over time, while the land on which it sits usually appreciates in value. While this distinction may seem trivial, understanding how potential land values influence property returns allows investors to make better decisions. The kitchen is one of the best places to increase the value of your home. You don't have to do a complete kitchen remodel, often small improvements have the biggest return.

A minor remodel, such as painting, replacing countertops, or upgrading appliances, delivers the highest ROI, at 87%.

Wim van Kuijpers
Wim van Kuijpers

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