What Home Renovations Have the Biggest Return on Investment?

When it comes to home renovations, not all upgrades are created equal—especially if you're considering how to get the best return for a future sale. At Academy Bank, we’re here to support homeowners in making smart financial decisions. Whether you’re planning to sell your home or simply increase its value, focusing on high-impact improvements is essential.

According to real estate experts, here are some renovations that historically provide the best return:

1. Kitchen Remodels

A kitchen is often the heart of the home, and upgrading this space can significantly boost your property value.

• High Value Upgrades: Replace outdated countertops with quartz or granite, update cabinets with modern finishes, and invest in energy-efficient appliances.
• Budget Tip: Even small changes like a fresh coat of paint or updated hardware can make a big difference without breaking the bank.

2. Bathroom Upgrades

Bathrooms are a close second when it comes to impactful renovations on home values.

• Smart Updates: Install new fixtures, improve lighting, and refresh tiling. Walk-in showers and dual sinks are particularly attractive to buyers.
• Efficiency Counts: Consider water-saving toilets and faucets to appeal to eco-conscious homeowners.

3. Curb Appeal Enhancements

First impressions matter. Improving your home’s exterior can dramatically increase your home’s marketability.

• Top Projects: Landscaping, new siding, and replacing the front door or garage door.
• Small Touches: Add outdoor lighting or repaint the front porch for an inviting look.

4. Energy-Efficient Upgrades

With rising energy costs, efficiency is a top priority for many homebuyers.

• Best Investments: Install energy-efficient windows, add insulation, or consider solar panels. These upgrades can save you money while living in the home and make it more appealing to eco-conscious buyers.

5. Basement or Attic Conversions

Transforming underutilized spaces like basements or attics into livable areas can add square footage, which is valuable.

• Popular Options: Create a home office, guest room, or recreational area.

How to Finance Your Home Renovations

Renovations can add up quickly, but smart financing can make your dream home upgrades a reality. As a bank in your community, Academy Bank offers several options:

• Home Equity Loans or Lines of Credit (HELOC): Tap into your home’s existing equity to fund improvements with a home equity line of credit.
• Personal Loans: Personal loans offer a flexible option for smaller home-improvement projects.
• Mortgage Refinancing: With rates still competitive, a cash-out refinance could free up funds for major renovations.

Why Academy Bank?

At Academy Bank, we understand that your home is more than just an asset—it’s where you create memories. Our team is here to guide you through financing options and help you make choices that align with your financial goals.

Ready to start your next project? Stop by your local banking branch, reach out to a mortgage loan expert, or visit us online to explore your financing options today.