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Home > Latest News > Local Business > 10 Home Projects That Have The Best Return On Investment

10 Home Projects That Have The Best Return On Investment

May 16, 2022
in Home Improvement Inspiration, Local Business, Local Experts
7 min read
0

Looking to take on a home project? Homeowners often have a list of projects they’d like to complete to make their homes look better and feel more functional for their lifestyle. Some home projects can even increase the worth of your home. If you’re going to put the money into upgrading your home, wouldn’t it be nice to know that it’s going to give you a good return on investment for the money you spend?

Home during renovation with no furniture inside with ladders and other various tools

These home projects will not only help you get more enjoyment out of your home (and maybe even decrease the costs of your monthly heating and cooling bills) but they’re also an investment. They’ll help increase the value of your home and make your home more attractive to buyers if and when you go to sell your home.

Plus, if you’re using local professionals with your home projects, you can be earning rewards through Locorum’s easy-to-use platform. On Locorum you’ll find hundreds of verified local service providers that can help you with your home projects. You’ll be able to see verified reviews of those businesses along with the rewards that you can earn by hiring them. Once the project is completed you’ll be mailed your physical Locorum Mastercard, with your rewards fully loaded and ready to spend at ANY local business you want!

Graphic with direction to company website

Check out the home projects that have the best return on investment and the dollar rewards that you could earn by hiring local professionals to complete the job for you. Psst. If you’re looking for inspiration on how to spend those rewards, you can check out our article on 20 Awesome Ways to Spend Your Locorum Rewards.

Finishing The Basement

Unfinished basement with drywall up

Adding more livable square footage is a great return on investment for your home. Since the pandemic, families are looking for their home to feel more spacious and more like a retreat, than just a “launching pad” for their lives. They want enough square footage that the family doesn’t feel like they’re living on top of one another.

By hiring a local renovator to finish your basement, you could be rewarded up to $1800 to spend however you want!

Creating Livable Outside Space

Large pergola with vines and grapes hanging down

After years of being stuck at home, there is an increased demand for homes with beautiful backyards. People are looking for large decks that extend their livable space outside, outdoor kitchens, and a mini oasis to call their own. Creating a beautiful space in your backyard is a great investment in your home.

You could earn up to $200 when you hire a local company to build your deck and up to $175 for an expertly-built pergola.

Increasing The Curb Appeal

Exterior of a large home with landscaping and well kept grass

Giving your home more curb appeal is an easy return on investment. People want to feel that “wow” factor when they drive up to their homes. Some simple landscaping can add a lot of curb appeal to the front of your home. If you hire a local landscaper, you could earn up to $150 in rewards.

If you feel like the exterior of your home needs a little facelift, hiring a local pressure washer and exterior cleaner could earn you up to $90!

One small change you can make to give the front of your house a whole different look and feel is to upgrade your front door. Hiring a local door and window company can earn you up to $150.

Upgrading Your Windows

Older home with old window featuring bright blue shutters

Windows are a fantastic investment for your home. Energy efficient windows are often sought after by buyers, and they also help to lower your monthly heating and cooling bills. Not only that, but windows play a huge role in the overall feel of your home. They can help you feel connected to nature, add curb appeal, and so much more. By having new windows installed by a local expert you could be rewarded up to $90.

Create A Home Office

Home office setup with desktop, laptop, mousepad and mouse and notebook

With more and more people working remotely, home offices have been in high demand. People want to be able to work in a space that is separated from other household members. They want to be able to close a door for a zoom meeting and have their office set up without needing to pack everything up at the end of the day to set the table for dinner. A renovator can help you create a functional home office and you could earn up to $1500 doing it.

Upgraded Flooring

Floor tile with blue, gold, and white detailing

Floors are usually on the top of homeowners’ lists of projects to do around the home. Why? Because upgraded flooring makes a HUGE difference in the home. Plus, your flooring takes a lot of wear and tear over the years, especially in high-traffic areas. Upgraded flooring has a large return on investment for homeowners. By hiring a local flooring expert, you could earn up to $2000.

Neutral Coloured Paint

Various painting tools in an empty room including a ladder, paint brush, paint canister, etc.

While you may love the bold colours you’ve chosen for your home, if you’re getting ready to sell, or if you’re just looking to change things up and want those changes to be a good investment, then you cannot go wrong with a fresh coat of neutral coloured paint. Neutrals not only help your house look and feel more expensive and luxurious, but they also help your house sell better. Neutrals are the backdrop on which potential buyers envision their dreams. Hire a local painter to help you make your walls look their best and you could earn up to $250.

Double Sink Vanity

Modern looking bathroom with dark detailing and double sink feature

Over the past couple of years, families have found themselves at home together more often. Adding double sink vanities to your bathroom is a small change that has a large return on investment. Double sinks allow busy families to have streamlined morning routines without feeling like they’re living on top of one another. Hire a handyman to install a double sink vanity in your bathroom and earn up to $300 in rewards.

Minor Kitchen Upgrades

Modern kitchen with nothing on wooden style countertops and minimalist cupboards

You’d be surprised how few changes it takes to make your kitchen feel like a brand-new space. Refacing or replacing your cabinets, and updating the hardware is a quick and easy way to give your kitchen a whole new look. Hire a local handyman to complete the job and you could earn up to $300!

New Roof

Modern shingles on a roof

There is no hiding an old roof. Because a new roof also helps with keeping your home energy efficient, it’s a sought-after update on houses for buyers. Giving your home a new roof has been shown to be a good return on investment. If you hire a local roofer, you could earn up to $180 in rewards!

Final Thoughts

By using Locorum to hire local businesses to complete your home projects, you’ll be upgrading your house with things that have a high return on investment, you’ll be supporting small, local businesses, and you’ll be rewarded for doing it. Where’s the downside in that?

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