In Central Massachusetts, where the housing market offers a unique blend of historic charm and modern convenience, home improvement projects can have a big impact when it’s time to sell. However, not all upgrades deliver the same return on investment (ROI). While some renovations can boost your home’s appeal and resale value, others may not offer much financial return. If you’re wondering which home renovations add value in Central Massachusetts, here are five popular projects that could help you make smarter, more strategic decisions—whether you’re selling soon or simply upgrading with the future in mind.
1. Kitchen Remodels
Payoff Potential: High (if kept practical)
In Central Massachusetts, where many homes have older kitchens, a minor kitchen remodel can be a game changer. Updating cabinets with a fresh coat of paint, swapping out outdated countertops for quartz or granite, and upgrading to energy-efficient appliances can go a long way. These updates typically offer a return of 70-80% on your investment. According to the 2023 Cost vs. Value Report for the New England region, a minor kitchen remodel has an average cost of $27,827, with a resale value of $23,321, resulting in a cost recouped of 83.8%.
Where it might not pay off: If you go overboard with luxury appliances or custom finishes, you might not recoup your costs—especially in neighborhoods with modest home values. Keeping upgrades in line with your home’s price point is key.
2. Bathroom Updates
Payoff Potential: Moderate to High
A clean, modern bathroom can sway buyers in Central Massachusetts, where older homes often have outdated fixtures. Projects like replacing an old vanity, re-grouting tiles, or installing new faucets are affordable upgrades that deliver value. A mid-range bathroom remodel in this area can recoup about 60-70% of its cost. Nationally, the 2023 Cost vs. Value Report indicates an average cost of $24,606 and a resale value of $16,413, leading to a 66.7% cost recouped.
Where it might not pay off: High-end features like heated floors or a steam shower may not attract the average buyer in smaller towns or more traditional neighborhoods.
3. Adding a Deck or Patio
Payoff Potential: High for outdoor-friendly buyers
With the scenic beauty of Central Massachusetts, a well-designed outdoor space is a significant selling point. Adding a deck or patio can make your home more inviting and increase its functional living space. A good-quality deck addition can offer a return of 65-75%. The National Association of REALTORS®’ Remodeling Impact Report: Outdoor Features highlights that outdoor projects like new decks or patios can significantly enhance a home’s appeal, though specific ROI percentages can vary based on design and materials used.
Where it might not pay off: In towns with long winters, like Worcester or Hardwick, outdoor spaces might not be as big of a priority for all buyers. Investing in expensive outdoor kitchens or elaborate landscaping might not yield a strong return.
4. Replacing Windows and Doors
Payoff Potential: Moderate to High
Energy efficiency is a hot topic in Central Massachusetts, where winters can be harsh. Replacing old windows or installing a new front door not only improves curb appeal but can also attract eco-conscious buyers looking to save on heating costs. These updates typically recoup 60-80% of their cost.
- Vinyl Window Replacement: The 2023 Cost vs. Value Report lists an average cost of $20,091 with a resale value of $13,766, resulting in a 68.5% cost recouped.
- Steel Entry Door Replacement: This project has an average cost of $2,214 and a resale value of $2,235, yielding a 100.9% cost recouped.
Where it might not pay off: If your existing windows and doors are already in good condition, replacing them for purely aesthetic reasons may not significantly impact your home’s resale value.
5. Converting a Garage or Basement
Payoff Potential: Varies by location
A finished basement can be a great selling point in Central Massachusetts, especially in towns like Barre, Holden, or Oakham, where growing families seek extra living space. A well-done basement remodel might recoup 60-70% of its cost. The ROI for converting spaces like garages or basements varies widely based on the specific project scope and local market conditions. The National Association of REALTORS®’ Remodeling Impact Report provides insights into the potential value these projects can add.
Where it might not pay off: Converting a garage into living space can be a gamble. In towns where parking and storage are highly valued, like Worcester or Concord, losing a garage might turn off potential buyers.
Final Thoughts: Which Home Renovations Add Value in Central Massachusetts
When considering home improvement projects, think strategically about how they align with local market trends. Central Massachusetts buyers value practical, energy-efficient, and functional upgrades over flashy, high-end features.
If you’re considering selling your home or want advice on which improvements will yield the best ROI, reach out! As a local expert in real estate and home staging, I can help you navigate the Central Massachusetts market and make smart decisions for your home.
Let’s work together to maximize your home’s value—contact me today to get started! Reach out at (413) 475-2779 or email me at maijia.donovan@exprealty.com to get started!
