Top 5 Home Improvement Projects Based on Average Cost and Return on Investment

July 8, 2011 by  
Filed under Blog, Homeowners

HomeGain.com, a website to offering Web-based, free instant home values, announced that it has released the results of its nationwide home improvement and home staging Home Sale Maximizer survey.

HomeGain surveyed nearly 600 real estate professionals nationwide and configured a list of the top 10 do-it-yourself home improvements that cost under $5,000 and benefit sellers most when they sell their homes.

According to the HomeGain survey, the top five home improvements that real estate professionals recommend to home sellers based on average cost and return on investment (from highest to lowest ROI) are:

1. Cleaning and de-cluttering – ($290 cost / $1,990 price increase / 586% ROI)
2. Lightening and brightening – ($375 cost / $1,550 price increase / 313% ROI)
3. Home staging – ($550 cost / $2,194 price increase / 299% ROI)
4. Landscaping – ($540 cost / $1,932 price increase / 258% ROI)
5. Repairing electrical or plumbing – ($535 cost / $1,505 price increase / 181% ROI)

Cleaning and de-cluttering continues to rank as the top suggested home improvement (since the survey was originally conducted in 2000), recommended by 99% of real estate professionals, costing less than $300 and returning a value of nearly $2,000 to the home’s sale price, or a 586% return on investment.

“Sellers need to prepare their homes for sale before putting them on the market,” said Louis Cammarosano, General Manager at HomeGain. “Homes that have initial appeal have a better shot at selling faster and closer to the asking price than homes rushed to the market with no improvements.”

Rounding out the top 10 low cost, do-it-yourself home improvements includes: updating electrical systems and/or plumbing, updating the kitchen and bathrooms, replacing or shampooing carpets, painting interior walls, repairing damaged floors, and painting the outside of the home.

The home improvement projects with the highest price increases to a home’s resale value are updating the kitchen ($1,265 cost / $3,435 price increase), followed by painting the outside of the home ($1,467 cost / $2,222 price increase) and home staging ($550 cost / $2,194 price increase).

Read “Top 5 Home Improvement Projects…” here


The Mather Company is a real estate company in Columbia, South Carolina and serves the Columbia, West Columbia, Cayce, Northeast Columbia, Lexington, Irmo, Lake Murray, and Blythewood areas. Our company is knowledgeable of the real estate market in and around Columbia, SC. We help our clients buy and sell homes. We also work with investors by informing them about great deals, as well as over seeing the renovation of investment homes. Whether this is your frist time buying or selling a home, or a veteran at the game, The Mather Company would love to help you get the job done. We have a proven track record which can be seen by viewing our testimonies. Please contact us and let us know how we can help you and your real estate needs.

Speak Your Mind

Tell us what you're thinking...