Published on April 4, 2026
As the housing market continues to evolve, many homeowners are contemplating whether to invest in home improvement projects. According to CBS News business analyst Jill Schlesinger, the decision to renovate should not only focus on immediate aesthetic benefits but also consider long-term value and return on investment (ROI).
Home improvement projects can vary widely in cost and impact. Schlesinger advises homeowners to assess their individual needs and market trends before making significant repairs or upgrades. Kitchens and bathrooms often lead the pack in terms of renovations that yield a high return. Renovating these spaces not only enhances comfort but can also significantly boost a home’s resale value.
However, potential renovators should be mindful of overspending. Schlesinger suggests that to maximize ROI, homeowners should evaluate the existing conditions of their property and the preferences of buyers in their neighborhood. For instance, a high-end kitchen remodel in a modest neighborhood might not recoup costs when it comes time to sell.
Energy-efficient upgrades are another area where homeowners can see both immediate utility savings and substantial long-term value. Improvements such as better insulation, energy-efficient windows, or upgraded HVAC systems can lower monthly bills while appealing to environmentally conscious buyers.
Outdoor projects can also offer significant returns. Landscaping and deck installations are often cited as appealing features for prospective buyers. Schlesinger emphasizes that first impressions matter; enhancing curb appeal can drive interest and increase a home’s marketability.
On the flip side, not all renovations guarantee a good return. Homeowners should be cautious about undertaking highly personalized projects that may not resonate with future buyers. For example, custom home theaters or extravagant outdoor kitchens might be enjoyable for current owners but could limit a home’s attractiveness when it’s time to sell.
Ultimately, Schlesinger emphasizes the importance of planning and budgeting. Homeowners should carefully weigh the costs and benefits of each project alongside current market conditions. Consulting with real estate professionals can provide valuable insights into what buyers are looking for and how much they are willing to pay.
As the housing market remains competitive, strategic home improvement projects can not only enhance personal enjoyment of a space but also yield profitable returns. It’s essential for homeowners to approach renovations with a clear understanding of their goals and the potential outcomes in today’s dynamic market.
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