The impact of home renovation on property value

Home renovation can significantly boost property value by enhancing both aesthetic appeal and functionality. Upgrades to kitchens, bathrooms, and energy-efficient systems are particularly impactful, attracting potential buyers and increasing market competitiveness. Renovations that modernize a home while preserving its character often yield the highest returns. However, the extent of the value increase depends on the quality of the work, the home's current condition, and local market trends. While some improvements can lead to substantial gains, others may not recoup their costs. Strategic renovations tailored to market demands and property type can maximize return on investment.