What home improvements actually increase the value of your home?

Kitchen upgrades pay off. The short answer is no, home improvements don't always add value. Even if they do, it's not the same as making a profit on the project or even recovering its costs. There's a big difference between adding value to your home and getting a return on your investment, Fisher says.

These are the top renovation, remodeling and home improvement projects that increase home values according to Opendoor data on thousands of recent home sales. We studied 11 projects and ranked them by the average increase in value in the cities where we buy and sell homes. We assume the average price of housing in each market. We define this project as adding a second or third bedroom that increases the above floor living space of your home by at least 150 square feet.

Usually, rooms should have a closet, a window and a door. Homeowners considering major home improvements should first think about their own comfort and needs, and second about the value of the home. Even small suggested improvements, such as paint colors or furniture placement, can go a long way to improving the look and feel of your home. Next, we'll look at price trends for the top 5 upgrades that can increase the value of your home.

While renovations always seem to improve the price of a home, there are times when improvements can reduce the value of your home. Your home is a huge financial investment, and any money you invest in it should not only increase your enjoyment of the home now, but also add value that you will recover when you sell. Every home improvement project isn't guaranteed to attract more buyers or give you a good ROI, even if it's something you enjoy while you're still living in the house. If you're considering remodeling, especially for the purpose of selling your home, it's a good idea to start with an online home improvement calculator.

Adding living space can add 5.3% on average to the median home value, according to Opendoor home improvement data. It's also a good idea to make sure that the improvements you make are consistent in character and even color with the rest of your home. If you plan to undertake major home improvement projects, such as kitchen or bathroom remodeling, Angi recommends being safe and budgeting between 10 and 20 percent of your home's value for work.