Is Now the Best Time to Renovate Your Home? Smart Upgrades Can Make a Big Difference Later

Whether you're planning to move soon or not, having a strategy for home improvements is always a wise move. Time and money are valuable resources, and not every renovation delivers the same return. According to U.S. News Real Estate, it’s important to consider which projects will appeal most to future buyers.In other words, before diving into a pool installation or home expansion, ask yourself if the upgrade will actually increase your home’s value. The first step? Talk to a real estate expert in your area.

Prepare Now, So You Don’t Have to Rush LaterIf you're planning to move soon, it’s a good idea to prioritize your to-do list now. Even if you’re not planning to move, life can change in an instant—a new job, the birth of a child, or a shift in family circumstances could suddenly accelerate your timeline.By preparing in advance, you can avoid unnecessary financial stress and make the transition smoother. Plus, you get to enjoy the upgrades now and have a more competitive listing when it’s time to sell.

What Should You Upgrade? Here Are the Top ROI Projects NationwideAccording to the National Association of Realtors (NAR), the following upgrades offer the highest return on investment (ROI):• Flooring replacement• Bathroom remodel• Kitchen upgrades• Exterior painting and door replacement• Roof repairsHowever, these are national averages, and the local market in Chicago or Illinois may differ. For example, finished basements might be more appealing in some areas, while energy-efficient windows could be a stronger selling point in others.That’s why it’s best to consult a local real estate expert—someone who knows what improvements are actually paying off in your neighborhood.

Over-the-Top Upgrades Can BackfireLuxury renovations that are out of step with the neighborhood can make a home harder to sell. For instance, if most homes in your area are priced under $500,000, but your home is listed at $650,000 because of upgrades, buyers may feel it's overpriced—no matter how well-renovated it is.It’s smarter to focus on upgrades that are in demand and align with local buyer preferences.

Final Thoughts

Even if you’re not planning to sell anytime soon, managing and upgrading your home strategically can bring big benefits later. It’s one of the most reliable ways to enjoy your home more now and sell it faster—and for a better price—down the road.

Thinking about a potential upgrade? Now is the time to find out if that idea could really boost your home’s value. Contact Hans Han at Chicago BDB for expert local advice.

Contact: Hans Han, Chicago BDB | 773-717-2227 | ChicagoBDB@gmail.com