Southern Arizona is a truly beautiful, serene destination that perfectly blends peaceful desert landscapes and breathtaking mountain views. Whether you are looking for an urban experience filled with art, delicious food, and shopping or a tranquil environment for stargazing, this region's cultural richness and natural beauty will enchant you.
Residents of Arizona are fortunate to have a picture-perfect landscape, and understandably, they want their homes to be equally awe-inspiring. However, it is important to determine whether or not a home renovation project is a wise investment before undertaking it.
The 2022 Remodeling Impact Report by the National Association of Realtors identifies the home improvement projects that offer the best return on investment (ROI). Read on to discover their findings.
Kitchen updates
When tackling a big project, it is essential to consider the potential resale value. What is trendy in kitchens today might not be tomorrow, so it is wise to weigh the costs carefully. While indulging in some high-end items is fine, it is essential to recognize that they will be less valuable to a future buyer since they will likely be out of style by then.
According to NAR research, a complete kitchen remodel has a return on investment of about 75%, while a kitchen upgrade has a 67% ROI. Although homeowners may not receive a dollar-for-dollar return on their investment, they still report high satisfaction with both projects.
If homeowners plan to sell their homes in the near future, they may want to consider doing a kitchen refresh instead of spending a lot of money and effort on a complete overhaul. Some ways to refresh the kitchen include repainting it, painting or staining the cabinets instead of replacing them, changing the backsplash to something refined and beautiful, updating the lighting, or installing new handles on the cabinets.
According to NAR research, a complete kitchen remodel has a return on investment of about 75%, while a kitchen upgrade has a 67% ROI. Although homeowners may not receive a dollar-for-dollar return on their investment, they still report high satisfaction with both projects.
If homeowners plan to sell their homes in the near future, they may want to consider doing a kitchen refresh instead of spending a lot of money and effort on a complete overhaul. Some ways to refresh the kitchen include repainting it, painting or staining the cabinets instead of replacing them, changing the backsplash to something refined and beautiful, updating the lighting, or installing new handles on the cabinets.
Bathroom renovations
Those dreaming of a modern bathroom with fancy amenities are not alone. Many home seekers want a spa bathroom these days. The nice part about doing a complete bathroom remodel is that homeowners can often expand the layout to create the space they need to add all those high-end features.
Homeowners do not necessarily need to undergo a complete bathroom renovation to sell their property, though. According to experts, total bathroom upgrades generally provide a 71% return on investment. However, smaller updates may also be enough to transform the space into an oasis of relaxation and serenity.
To freshen up the bathroom space before listing, consider making minor changes, such as adding wallpaper or a fresh coat of paint, painting or replacing the old vanity, replacing the dated mirror, or installing a new shower head. These minor updates can make a significant impact on the overall appearance of the room and appeal to your buyers.
Homeowners do not necessarily need to undergo a complete bathroom renovation to sell their property, though. According to experts, total bathroom upgrades generally provide a 71% return on investment. However, smaller updates may also be enough to transform the space into an oasis of relaxation and serenity.
To freshen up the bathroom space before listing, consider making minor changes, such as adding wallpaper or a fresh coat of paint, painting or replacing the old vanity, replacing the dated mirror, or installing a new shower head. These minor updates can make a significant impact on the overall appearance of the room and appeal to your buyers.
Updates to the doors and windows
While it may not be one of the most financially profitable home improvements if you’re seeking a high return on investment, replacing the windows or entry doors is still an important project to tackle. Homeowners can typically expect an ROI between 60% and 67% for replacing their windows, whereas replacing a garage door can result in a 100% ROI.
Buyers often want to see features and upgrades that promote energy efficiency and environmental consciousness, so upgrading your windows to something that withstands the weather is a fantastic improvement. In addition, leveling up your front entryway and garage door can create an inviting space that welcomes your buyers to explore the rest of the property. These projects help improve your curb appeal, too!
Buyers often want to see features and upgrades that promote energy efficiency and environmental consciousness, so upgrading your windows to something that withstands the weather is a fantastic improvement. In addition, leveling up your front entryway and garage door can create an inviting space that welcomes your buyers to explore the rest of the property. These projects help improve your curb appeal, too!
Outdoor spaces
Patios and decks
If you seek to enlarge your living space in Arizona, a great way to do this is by adding a deck, porch, or patio. These outdoor features can be enjoyed all year round, making them a wise investment. According to the National Association of Realtors, a new patio can bring in up to 95% of a return on investment, while a new deck can give back up to 89% of your investment in the project. These are fantastic options for creating an outdoor oasis for relaxation or entertainment.
Landscaping updates
Arizona residents cherish and spend time in their outdoor space throughout the year. Therefore, investments in outdoor amenities like landscaping, outdoor kitchens, and landscape maintenance yield an impressive ROI of 100% or more. When it comes time to renovate, select simple and low-maintenance landscape updates, as these benefit current residents and attract potential buyers when it is time to sell the property.
Small changes
Homeowners do not have to undertake massive renovations to enhance their homes' appearance or prepare them for success on the market. Here are several small ways to enhance the allure of your property without too much effort.
- Update the hardware throughout, such as cabinet handles and door knobs, to something sleek and stylish.
- Replace or repaint the entry door with an eye-catching color.
- Update the lighting elements to modernize the space.
- Give any room an instant makeover by painting them in a fresh, neutral shade.
- Create usable spaces inside or outside the home.
- Power wash the house for a cleaner look.
The best investment
If you are considering making some upgrades to your home to sell it quickly and for higher offers, team up with a local real estate expert who knows what local buyers are hoping to see. They can help you understand how your home stacks up against others in your neighborhood and give you insights on where to spend your money. This way, you can be sure you are making wise choices that will pay off at the closing table.
Are you looking for a reliable Realtor in Southern Arizona? Look no further than Shelly Laster! With her extensive expertise in the field, she understands that selling or buying a home can be daunting. She works hard to ensure her clients get the best deal possible and achieve their goals. Whether you are planning to put your home up for sale in Tucson or looking for Vail real estate, Shelly is the perfect choice for all your real estate needs. Get the best return on your investment by choosing Shelly as your trusted Realtor. Contact her today!
*Header photo courtesy of Shutterstock
Are you looking for a reliable Realtor in Southern Arizona? Look no further than Shelly Laster! With her extensive expertise in the field, she understands that selling or buying a home can be daunting. She works hard to ensure her clients get the best deal possible and achieve their goals. Whether you are planning to put your home up for sale in Tucson or looking for Vail real estate, Shelly is the perfect choice for all your real estate needs. Get the best return on your investment by choosing Shelly as your trusted Realtor. Contact her today!
*Header photo courtesy of Shutterstock
