What Are the Highest ROI Remodels in Portland, OR?

What are the highest ROI remodels in Portland, Oregon, and should ROI impact your remodeling plans? We argue that there are two forms of ROI when remodeling your home: financial ROI and emotional ROI. This blog will discuss the different forms of ROI and which high ROI renovations you can pair with high emotional ROI renovations. Your home should be a place where you want to be, and remodeling can create that feeling for you.

Financial ROI vs. Emotional ROI

First, let's discuss the difference between the two. While you can't take emotional ROI to the bank, it does impact your life in as many ways as financial ROI does. Our service area spans Portland, and we know from experience that, no matter where you are, the emotional ROI can be equal to the financial ROI of a remodel.

Financial ROI

Financial ROI is the measurable increase in your home’s market value after a remodel. As detailed above, projects like kitchen and bathroom remodel can provide substantial returns, and whole-home remodels can create a positive financial ROI compared to moving. These renovations make your home more appealing to potential buyers and also allow you to have the custom home you want without the price of moving and building a new home from the count up.

Emotional ROI

Emotional ROI, though harder to quantify, is just as important. It reflects the personal satisfaction and improved quality of life that comes from living in a home tailored to your lifestyle. A remodeled kitchen can spark joy, even when you're cooking an ordinary weeknight dinner or hosting friends in a freshly remodeled space. A renovated bathroom, while not a necessity, improves your quality of life every time you go in it or pass by. The emotional ROI of a whole home remodel cannot be understated. Remodeling your beloved Portland home with its tried and true corners into a house designed with your household's needs and preferences in mind can completely change the meaning of home. Once you've stepped into a space that has been built for you by Creek Stone Design + Build, one of Portland's best home remodeling contractors, the real value of emotional ROI sinks in.

What Home Renovation Has the Highest Return?

Now that we've talked about the difference between financial ROI and emotional ROI, we can focus on what remodeling projects have the highest ROI in remodeling and whether you can merge projects with high financial ROI with high emotional ROI. 

Kitchen Remodels 

Your kitchen is the heartbeat of your home. You likely spend a good deal of time in this space cooking, creating, cleaning, and socializing. Because of its integral role in everyone's daily lives, a kitchen remodel can bring an excellent return on investment in home improvements. By partnering with Portland home remodeling contractors who understand what your household needs in a kitchen remodel, you can easily make valuable home improvements that benefit you now and bring in a high financial ROI. 

When you invest in new cabinets, countertops, or an entirely new layout, you're investing in a remodel that can impact your daily life for years to come and add beauty and peace to your home. 

Bathroom Additions and Remodels

There's nothing like a loo that's been freshly remodeled to increase your all-around happiness in your home. A bathroom is a savvy remodel for your Portland home because everyone needs a bathroom, and bathrooms have a high ROI for renovations because of how dated bathroom design can become. A bathroom addition adds even more value to your renovation's ROI because an additional bathroom or bedroom automatically gives a home a higher value.

A  high-end bathroom remodel increases the project's financial ROI and can turn an ordinary, necessary part of a home into a spa-like retreat. Adding small luxury touches around your home greatly increases your happiness—both with your house and with your life. Investing in a valuable home improvement like a bathroom remodel is far more than a financial investment; it's a quality-of-life investment.

Whole Home Remodels 

A whole home remodel transforms your existing Portland home into a custom-designed home for your household and lifestyle. It allows you to keep the years of emotional equity you have invested in your current address while adding the layers and details you've discovered your household wants over the years.

If you're considering selling your home in a few years, the emotional ROI is higher in a whole-home remodel than the financial ROI. However, when you consider the financial ROI of investing in your current Portland home with a remodel versus uprooting and purchasing a new home or an entirely new custom build, the ROI of a renovation falls in your favor.

Basement Remodels

You could have a dark, spooky basement or invest in your home and remodel your basement into a light, bright space perfect for hosting or your favorite hobby. Converting an underutilized basement into a functional living area can provide a substantial ROI financially and emotionally. Using this empty space and installing insulation, flooring, and lighting adds square footage and lifestyle space to your home. A basement remodel allows you to have significantly more room to live while also increasing your home's sale price should you choose to sell it. 

Investing in Your Home is an Investment in Your Quality of Life

When you invest in your home, you’re also investing in yourself. Your home reflects your lifestyle and personal tastes. By remodeling to suit your needs, you create a space that nurtures your family, supports your hobbies, and enhances your comfort. This personal investment can lead to increased happiness, reduced stress, and a stronger connection to your living space.

Contact us today if you're reading to talk about a remodeling project for your Portland home.