Whether you are renovating a primary residence or an investment property, not all improvements are equal. Some generate dollar-for-dollar returns at resale. Others add comfort but little market value. Knowing the difference is the foundation of smart real estate investing.

Top ROI Renovations in the Current Market

Kitchen updates consistently deliver some of the highest returns — a mid-range kitchen renovation typically returns 70% to 80% of its cost in added value, and in high-demand markets like Long Island, that number can be higher. Bathroom updates, curb appeal improvements, and finished basements are also strong performers.

What to Avoid

Over-improving for the neighborhood is the most common renovation mistake. If every comparable home sells for $600,000, spending $150,000 on a luxury renovation will not push your sale price to $750,000. Always match improvement level to neighborhood ceiling.

The Investment Property Calculus

For rental properties, focus on improvements that reduce maintenance costs and attract higher-quality tenants — updated kitchens and bathrooms, new roofing, updated HVAC systems. These protect income and reduce vacancy. For fix-and-flip properties, speed matters as much as quality — holding costs eat profits quickly.

Wallace Home Improvements

Our contracting business has completed hundreds of renovations across Long Island. We understand the local market, what buyers and tenants want, and how to execute projects on budget and on schedule. Contact Wallace Home Improvements at M Wallace Home Improvements.

Disclaimer: The information provided is for educational purposes only and does not constitute investment advice. Wallace Investments is an SEC-Registered Investment Advisor. Past performance is not necessarily indicative of future results.