What Raises Property Value the Most?

Smart Renovations That Deliver Big ROI in the Chicago Housing Market

Raising your home’s property value is more than just a matter of aesthetics—it's a strategic move that can significantly boost your return on investment. If you’re planning to sell or simply want to increase equity, knowing what truly raises home value is key in a competitive market like Chicago real estate.

In this guide, we explore the improvements that statistically raise property value the most, backed by current trends, expert data, and industry insight.

Kitchen Remodels: A Timeless Value Booster

Time and again, updated kitchens top the list of value-adding home upgrades. According to the Remodeling 2024 Cost vs. Value Report, minor kitchen remodels recoup up to 85% of their cost, making them one of the smartest investments.

Features That Make an Impact:

• Energy-efficient, stainless steel appliances
  
  

• Quartz or granite countertops
  
  

• Modern cabinetry and upgraded lighting
  
  

Even small changes like replacing cabinet hardware or installing a new backsplash can greatly enhance appeal and functionality.

Bathroom Upgrades: Clean, Modern, and Profitable

Second only to kitchens, bathroom remodels offer solid returns, typically recovering 60–70% of the cost. Whether you’re revamping a dated bathroom or adding an additional one, this upgrade boosts livability and resale appeal.

High-ROI Bathroom Features:

• Frameless glass showers
  
  

• Water-efficient fixtures
  
  

• Stylish yet durable tile work
  
  

The National Association of Realtors highlights that bathroom upgrades also score highly for homeowner satisfaction.

Curb Appeal: First Impressions That Count

Curb appeal isn’t just about beauty—it’s about value. Exterior enhancements often deliver the highest ROI. A new steel front door or quality landscaping can return over 90% of the cost.

Exterior Upgrades That Raise Value:

• Smart lighting and security features
  
  

• Fresh exterior paint and updated siding
  
  

• Seasonal landscaping and paver walkways
  
  

Explore more tips for boosting your home’s appeal on the Heart of Chicago Homes blog.

Energy Efficiency: Modern Buyers Want Smart Homes

With energy costs rising, buyers are prioritizing energy-efficient features. According to the U.S. Department of Housing and Urban Development, improvements like upgraded insulation or energy-efficient windows can significantly raise your property’s value.

High-Value Green Upgrades:

• Smart thermostats and LED lighting
  
  

• ENERGY STAR® appliances
  
  

• Solar panel installations (in select markets)
  
  

Finished Basements and Attics

Creating more livable square footage is a proven way to raise property value. Finished basements and attics provide flexible, desirable space for home offices, gyms, or guest rooms—especially in urban markets like Chicago.

Finished basements can yield up to a 70% return and significantly expand a home’s marketability.

Make the Right Improvements for Your Market

Not all home upgrades pay off equally. That’s why it’s critical to align your renovation strategy with local demand. At Heart of Chicago Homes, we specialize in helping sellers choose renovations that make the biggest impact.

• Curious what your home is worth? Get a free, no-obligation estimate.
  
  

• Thinking of selling fast? Explore flexible home-selling options.
  
  

• See what’s trending in local listings and plan your upgrades accordingly.
  
  

Ready to Sell Your Chicago Home? Get a Free Market Analysis!

Selling your home can be a smooth process with the right strategy. We provide a free home value report and connect sellers with qualified buyers.
Request your free market analysis at HeartOfChicagoHomes.com or call/text (312) 361-8288.