Confronted with the uncertainties and potential complications of large-scale renovations, many people shy away from purchasing fixer-uppers. A recent study by Frontdoor reveals that offers for fixer-uppers halved between 2022 and 2023. However, the high risk can yield significant rewards. Frontdoor found that, on average, those who undertake the renovation of a fixer-upper earn a 27.5% return on their investment. This is in addition to the personal satisfaction of designing a home to suit their tastes.
According to Real Simple, of course, without the appropriate planning and strategy, budgets tend to spiral out of control and many find out the hard way that some renovations don’t pay off. To find out which home improvements are really worth your time and money, Frontdoor’s data team used information from Zillow, such as square footage and price (in conjunction with Kukun’s home remodeling cost estimator) to determine the most profitable home renovations. The vast majority of these turned out to be in the kitchen and in the bathroom—two rooms that can be key to increasing the value of your home. Keep reading to find out which renovations came out on top.
