2 weeks Ago By AJ Fabino
In today’s housing market, homeowners constantly seek ways to boost their property’s value. For homeowners looking to sell, a Realtor.com report issued found which renovations pack the biggest punch when listing prices.
The analysis examined listing descriptions of single-family homes across the U.S., focusing on renovation-related key words.
The results challenge conventional wisdom about home improvements. Don't Miss: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today! This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100 . Landscaping tops the list of value-boosting renovations .
Homes with “new landscape” commanded an 8.1% premium over similar properties, translating to a $34,794 increase for the median-priced home. “If the front of your home isn’t inviting, buyers may not even take the time to explore inside,” Terry Haas, a real estate expert, said to Realtor.
com. “Curb appeal is everything.” Kitchen renovations, long considered the gold standard of home improvements, claimed the second spot.
Listings mentioning a “renovated kitchen” saw a 7% boost or $29,891 for the median-priced home. Trending: Beating the market through ethical real estate investing' — t his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here’s how to join with just $100 Interestingly, the term “remodeled kitchen” had a smaller impact, increasing listings by just 4%.
Bathroom updates also proved valuable, with both “remodeled bathroom” and “new bath” boosting listing prices by about 3%. Haas said that kitchens and bathrooms are focal points for buyers upon entering a home. The study suggests a clear trend – visible updates generally outperform functional renovations regarding price impact.
“Buyers are willing to pay a premium for things they can see and experience during a tour,” Haas said. Trending: Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500. This explains why a new roof, despite its practical importance, only increased listing prices by 1.
1% or $4,585 for the median-priced home. Other high-performing renovations included new driveways (5.9% boost), new appliances (3.
6% boost) and new decks (3.6% boost). Even seemingly minor updates like updated lighting showed a meaningful impact, increasing listing prices by 2.
2%. “The land surrounding a home is also usable space that buyers value and it’s often the first characteristic they see,” Realtor.com senior economist Ralph McLaughlin said in the report.
The research suggests a strategic approach for homeowners looking to maximize their property’s value. Prioritizing visible, high-impact renovations – particularly those that enhance curb appeal – could yield the best returns when it’s time to sell. Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die.
" Here’s how you can earn passive income with just $100. These are the impacts of home renovations, according to the report: Key Word in Listing Listing Boost Premium on Median Priced Home New Landscape 8.1% $34,794 Renovated Kitchen 7% $29,891 New Driveway 5.
9% $25,366 Remodeled Kitchen 4.2% $18,244 New Appliances 3.6% $15,551 New Deck 3.
6% $15,358 Remodeled Bathroom 3% $12,891 New Bath 3% $12,836 New HVAC 2.3% $9,897 Updated Lighting 2.2% $9,589 New Roof 1.
1% $4,585 New Floors 0.6% $2,749 New Windows 0.6% $2,439 Read Next: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
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