Home renovations are the best way to improve a property’s resale value, but not all upgrades are created equal. To earn a substantial return on your investment, it’s important to select the right projects. The professionals at TLC Remodeling in Golden Valley, MN, specialize in innovative home renovations. Here, the team explains four of the best projects to invest in for a solid return. 

4 Financially Savvy Home Renovations 

1. Fiberglass Attic Insulation 

Fiberglass attic insulation is ranked number one when it comes to financially savvy home renovations. The average cost is about $1,343, with an average resale value of $1,446. This means you’ll recoup about 108% of the cost. However, keep in mind, that percentage doesn’t even account for energy savings. With this home renovation, you’ll recover even more cash in the form of lower heating and cooling bills. 

2. Entry Door Replacement 

The entry door provides a welcome point for visitors and household members alike. It’s also a security access point, as well as a primary feature in the home’s overall look. Because of this, replacing an old or damaged entry door with a durable steel or fiberglass model is another smart investment. Replacements with steel cost about $1,335 on average. Most homeowners recoup about 91.1% of that at resale. Fiberglass costs about $3,276, and you’ll recover about 77.8% of your initial investment. 

3. Basement Finishing 

Basement finishing is another financially savvy home renovation project. While unfinished basements are great for storage, a finished space provides a versatile area that could be used as anything from a den to an extra bedroom. This is a huge draw for potential homebuyers. The average cost is about $71,000, and you’ll recoup about 70% of that at resale. 

4. Minor Kitchen Remodeling 

The kitchen is the heart of the home, making it a prime spot for renovations. Even small changes can make a significant difference in improving functionality and appearance. By remodeling a 200-square-foot space with refaced kitchen cabinets, new countertops, and energy-efficient appliances, you’ll spend about $20,830 and recoup about 80.2% of the cost at resale. 

When you’re ready to embark on your next home renovation project, contact the experts at TLC Remodeling. Known for their exceptional kitchen and bathroom remodeling projects, they also provide a broad range of additional renovation services, including home additions and basement and attic finishing. Call (952) 356-4303 to speak with a team member, and visit their website to see examples of their past projects today.