LEXINGTON Blog

Home Improvement Projects with an ROI in Lexington

When considering home improvement projects with a good return on investment (ROI) in Lexington, Kentucky, it's essential to focus on upgrades that appeal to potential buyers in the area and contribute to the overall value of your home. Here are some projects that typically offer a favorable ROI in Lexington:

• Kitchen Remodel: Updating the kitchen is often cited as one of the best investments in home improvement. Consider upgrading to energy-efficient appliances, installing new countertops, cabinets, and flooring. Additionally, adding an island or creating an open-concept layout can modernize the space and increase its appeal to buyers.

• Bathroom Renovation: Similar to the kitchen, a bathroom remodel can significantly enhance your home's value. Focus on replacing outdated fixtures, installing a new vanity, updating the flooring, and improving lighting. Adding a new shower or bathtub can also attract potential buyers.

• Curb Appeal Enhancements: First impressions matter, so investing in your home's exterior can yield a high ROI. This may include landscaping improvements, such as planting native plants, adding flower beds, and maintaining a well-manicured lawn. Additionally, consider repainting the exterior, replacing the front door, or upgrading the garage door for a fresh look.

• Energy-Efficient Upgrades: In a climate like Lexington, where summers can be hot and humid, energy-efficient upgrades can be attractive to buyers. Consider installing energy-efficient windows, adding insulation, upgrading HVAC systems, and investing in a programmable thermostat. These upgrades can not only save on utility bills but also increase your home's value.

• Deck or Patio Addition: Outdoor living spaces are highly desirable, especially in areas with mild climates like Lexington. Adding a deck or patio provides additional space for entertaining and relaxing. Consider using durable materials like composite decking or natural stone for longevity and minimal maintenance.

• Basement Finishing: If your home has an unfinished basement, completing it can add valuable living space. Transforming the basement into a recreation room, home office, or additional bedroom can significantly increase your home's market value and appeal to potential buyers.

• Minor Kitchen and Bathroom Updates: If a full remodel isn't feasible, smaller updates can still make a difference. Simple changes like repainting cabinets, updating hardware, replacing faucets, and adding modern lighting fixtures can give your kitchen and bathrooms a fresh look without breaking the bank.

Before starting any home improvement project, it's crucial to research local market trends and consult with real estate professionals to ensure you're investing in upgrades that align with Lexington's housing market and will provide a positive ROI.  Our experts at Koala Insulation of Lexington are here to help get your home running more comfortable all while saving you money on your energy bills.