Best ROI Home Improvements for Your Home

The Tripodi Shemtov Team May 2, 2024

When considering home improvements, especially in a prime real estate market like Long Beach, NY, it's crucial to focus on high-impact renovations that not only enhance your living space but also significantly boost your property’s value. Long Beach, known for its stunning coastal views and laid-back lifestyle, offers a unique real estate market where certain upgrades can provide a substantial return on investment (ROI).

If you’re hoping to level up your Long Beach home, this comprehensive guide will walk you through the best home improvements for ROI — helping you make informed decisions that align with both current trends and long-term value.

1. Kitchen Remodels

High-ROI Project: The kitchen is often considered the heart of the home, where entertaining and relaxed living are part of the daily routine. For savvy homeowners focused on culinary adventures, a modern, well-equipped kitchen is crucial. A minor kitchen remodel can recoup a significant portion of the cost in the home’s resale value. This includes updating the appliances to sleek new models, refinishing the surfaces, adding a new backsplash, or installing new countertops in modern options like beautiful quartz or marble.

Local Considerations: In a beach town, elements that withstand humidity and salt air, like quartz countertops and stainless steel appliances, are particularly appealing. These features offer durability and require low maintenance, making them ideal for the Long Beach, NY, lifestyle.

2. Bathroom Upgrades

High-ROI Project: Bathroom renovations are another highly effective way to increase the value of your Long Beach home. This project can range from simple updates like new fixtures and lighting to a complete overhaul with new tiles, a modern vanity, and eco-friendly plumbing fixtures.

Local Considerations: For homes near the beach, consider installing water-resistant materials to combat moisture. Features like frameless glass shower doors can also enhance the sense of sophistication and luxury, which is appealing to potential buyers looking for a spa-like bathroom space.

3. Enhancing Outdoor Living Areas

High-ROI Project: Given Long Beach’s beautiful coastal setting, improving the outdoor living spaces can significantly level up your home's appeal and marketability. This could involve adding or upgrading a deck, patio, or balcony to create additional entertaining and relaxation areas.

Local Considerations: Durable, weather-resistant materials, such as composite decking, can withstand the coastal weather while requiring minimal maintenance. Adding an outdoor kitchen, a fire pit, or a private garden can make these spaces all the more attractive and functional, leveraging the stunning landscape and incredible lifestyle to boost property value.

4. Energy Efficiency Improvements

High-ROI Project: Energy-efficient upgrades are excellent for the environment and highly attractive to today’s eco-conscious buyers. Installing new windows, upgrading the insulation, and adding solar panels are savvy investments that can decrease your energy costs while enhancing the home’s overall appeal.

Local Considerations: In Long Beach, where sunlight is plentiful, solar panels can significantly reduce electricity bills. Similarly, energy-efficient, double-paned windows can help insulate homes from the coastal breeze and salt air, enhancing comfort and efficiency.

5. Adding or Upgrading a Home Office

High-ROI Project: With more individuals working remotely in the modern world, having a dedicated home office space has become increasingly desirable among buyers. Converting an existing room to a home office or adding a built-in workspace can make your property more functional for today’s workforce and more appealing to potential buyers.

Considerations: Ensure that the space is quiet and has adequate lighting. Incorporating built-in shelves or cabinets can also enhance the space's functionality and appeal.

6. Paint and General Aesthetics

High-ROI Project: Sometimes, the most straightforward home improvements can offer the most significant returns. A fresh coat of paint, both on the interior and exterior, can completely transform a home’s overall appearance. Choose neutral colors for broad appeal and consider high-quality, moisture-resistant paint that can handle the humid coastal air.

Local Considerations: For exterior projects, consider the coastal environment and opt for colors and materials that blend well with the natural surroundings and stand up to the local climate.

Ultimately, improving your Long Beach, NY, home should be about balancing aesthetic upgrades with functional improvements that appeal to the lifestyle expectations of potential buyers in this unique market. By focusing on strategic renovations that resonate with local buyers and enhance the everyday living experience, you can ensure a solid return on your investment while enjoying a more beautiful, efficient, and functional home.

Whether planning a minor update or a major renovation, these projects can boost your home’s market value in Long Beach. If you’re ready to achieve a streamlined sale or find an incredible new home in Long Beach, NY, reach out to The Tripodi | Shemtov Team at Douglas Elliman Real Estate for expert guidance.

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The Team's finger is on the pulse of the Barrier Island's Fluid Real Estate market, meaning the counsel that they provide their clients- whether sellers, buyers or investors- is given in "real-time" and not based on stale facts.