If you're a homeowner looking to make some changes to your home this year, you may wonder which ones to make. Although your lifestyle may influence your choice of new home features, most homeowners also consider which renovations are most likely to increase your property value. If you need to know which renovations are most likely to increase ROI (return on investment), then continue to read this ultimate guide to see which renovations you should invest in.

Paint the Walls

One of the easiest - and cost-efficient - ways to change the appearance of your home is to change the paint or wallpaper on your walls. According to Business Wire, purchases of home d├ęcor supplies are expected to total around $800 billion before 2028. Take a look at the walls or trim in your rooms and check for any fading colors or scratches. According to the online newsletter Living Etc, 2024's trending decor styles feature layered colors or deep color tones.

Add a Sunroom

Many of today's homeowners are discovering the joys of having a sunroom. You don't need a large room because, according to Home Stratosphere, 55% of sunrooms are medium-sized. A sunroom typically features walls filled with large windows so that a sunroom can provide the beauty of natural light without the interruption of outdoor pests or inclement weather. According to Zenith Design Build, extra natural light will deliver an increase in vitamin D and a decrease in blood pressure.

Install Energy-Efficient Appliances

If you exchange your appliances for energy-efficient models, then you will contribute to preserving the environment and lowering your energy bills. You can also choose small projects like adding insulation or sealing the cracks in your windowsills to increase energy efficiency further. According to the Seattle Credit Union, buying Energy Star windows will decrease energy consumption. Due to these factors, these changes will also increase your ROI.

Invest in Landscaping

Homeowners may spend most of their time indoors, but they also enjoy using their backyards. Many types of landscaping improvements can enhance the appearance of your property. Whether you make the improvements by yourself or hire a contractor, the added enjoyment of your yard will be a good investment. It could help encourage you to make landscaping improvements. Note that statistics show that landscaping may add almost 15% to the sale price of your home.

Renovate Your Kitchen

According to Bankrate, the kitchen is often the home's most-used room. Therefore, a quality kitchen remodel usually results in the most significant ROI. The same website estimates that an update that includes new cabinets, updated appliances, an island, and customized lighting could cost almost $78,000 and bring an ROI of about 42%. If you can't afford a complete remodeling, then small changes like replacing the faucet or switching cabinet hardware can also have a significant impact.

Remodel Your Bathroom

Another room that every family member uses is the bathroom, and it's a room that every prospective buyer will notice. According to Bankrate, replacing the toilet and sink with energy-efficient models could cost under $25,000 and yield an ROI of almost 70%. Just as small changes can quickly improve the kitchen, so can the bathroom. A new light fixture, mirror, or tub hardware can make a big difference in the room without a hefty price tag.

Home renovation projects can open new uses for your home or yard and improve your prospects for home resale. Find a recommendation online for a trustworthy contractor and let them know what you're thinking about. Once you've chosen a contractor, be sure they give you a detailed, written estimate before beginning their work. When the project is done, you'll be able to enjoy your home in a new and exciting way.