Maximizing ROI: The Best Renovation Projects for Sellers in 2024

If you’re thinking about selling your home, making strategic updates can help boost its value and attract buyers faster. But not all renovations offer the same return on investment (ROI). With today’s market seeing more inventory and buyers becoming increasingly selective, it’s important to focus on the improvements that provide the highest return.

Based on the latest data from Zonda, here are the top home renovations in 2024 with the highest ROI:

Top Renovation Projects for the Best ROI

1. Garage Door Replacement – 194% ROI
   A new garage door not only enhances curb appeal but also provides a high return, nearly doubling your investment. This upgrade is relatively inexpensive compared to other renovations but makes a significant impact on the look and functionality of a home.

2. Steel Door Replacement – 188% ROI
   Replacing an old entry door with a steel door is another high-ROI project. It improves security, energy efficiency, and first impressions—all key factors for potential buyers.

3. Installing Manufactured Stone Veneer – 153% ROI
   Adding manufactured stone veneer to the exterior of your home creates a polished, upscale look that buyers love. This investment significantly enhances curb appeal and helps homes stand out in the market.

4. Grand Entrance Upgrade (Fiberglass) – 97% ROI
   First impressions matter! Upgrading to an elegant fiberglass entryway can make a home feel more inviting and sophisticated while nearly paying for itself in resale value.

5. Minor Kitchen Remodel – 96% ROI
   A full kitchen renovation may not always be necessary, but small updates like new countertops, cabinet refacing, and modern fixtures can go a long way. Kitchens are a key selling point, and a minor remodel offers a strong return.

6. Siding Replacement (Fiber-Cement) – 88% ROI
   Worn-out siding can make even the nicest homes look dated. Fiber-cement siding is durable and aesthetically appealing, making it a smart update for sellers.

7. Deck Addition (Wood) – 83% ROI
   Outdoor living spaces are a major draw for buyers. Adding a wood deck increases usability and enhances the overall appeal of the property.

8. Siding Replacement (Vinyl) – 80% ROI
   Like fiber-cement siding, vinyl replacement improves curb appeal and protects the home from weather damage. It’s a practical, budget-friendly upgrade for sellers.

9. Bathroom Remodel (Mid-Range) – 74% ROI
   Bathrooms are another key area where buyers look for modern updates. A mid-range remodel, including fresh tile, updated fixtures, and a new vanity, can make a big difference without breaking the bank.

10. Deck Addition (Composite) – 68% ROI
    A composite deck is a long-lasting alternative to wood, offering low maintenance and an attractive aesthetic. While the ROI is slightly lower than wood decks, it’s still a great investment.

Why These Renovations Matter

With more homes on the market, buyers have more choices—and they’re looking for move-in-ready properties. Simple upgrades like a new garage door, fresh siding, or a stylish entryway can set your home apart. Prioritizing high-ROI projects ensures you’re making smart investments that will attract buyers and maximize your home’s value.

Work With a Top Bakersfield & Kern County Realtor

If you're planning to sell your home in Bakersfield or anywhere in Kern County, working with an experienced, local Realtor can make all the difference. As the #1 Kern County real estate team, The McCarty Group specializes in helping sellers maximize their home’s value through strategic marketing and high-ROI renovations. Whether you're looking to sell quickly or want to attract the best offers, The McCarty Group's expertise in Bakersfield real estate and Kern County real estate ensures your home stands out in today's competitive market. Ready to get started? Let’s discuss the best strategy for selling your home in Kern County today!

Call 661-665-SOLD to connect with The McCarty Group, the most trusted real estate team.