One of the most common questions we are asked is where to put your money when looking at home renovations. When it comes to ROI, or return on investment, here are some of the areas that home buyers are always happy to see is available in the home they are purchasing and that we consider a great ROI for your investment.
Hardwood floor refinishing. If you already have hardwood floors this is the number one item I recommend. It is less costly than installing new flooring and gives you approximately a 150% return on investment. This is an excellent place to spend your home improvement dollars.
New roofing will give you a 100% return on investment if yours is at the end of it’s life. Most buyers will want a home inspection and with the upfront cost of closing costs, down payment, and moving, most buyers are not interested in putting on a new roof right away. If your roof is over 15 years old a new roof installed should be a priority, if possible, before selling.
A second bath or half bath if your home only has one bathroom. Gone are the days of a family sharing one bathroom. Most families cringe at the idea of sharing a single bathroom and installing even a half bath if possible will definitely give you 100% or more return on investment for this home improvement. 
A new HVAC in the home is a great place to put your home renovation dollars if yours is at the end of its life. It’s typically less than $10,000 to replace both the furnace and air conditioner, depending upon your system, but another upgrade that buyers are very excited about. It’s got 100% ROI too.
New siding is a great investment for your remodeling dollars and will give you approximately an 85% return on investment. It’s not as great as 100% of course but if you have wood siding or older vinyl siding with holes in it then replacing it can be the difference in being listed and sold. Curb appeal to buyers is an important consideration.
Consider upgrading your doors and windows if they are old. These are 100% return on investment because they not only improve the appearance of the home but also improves energy efficiency.