Wondering which renovations increase home value most in Sioux Falls? With a growing real estate market and shifting buyer preferences, choosing the right upgrades can make a major impact.
From kitchen remodels to energy-efficient improvements, smart renovations can boost your home’s appeal and resale price.
This guide breaks down the most valuable updates—along with those to avoid—so you can invest with confidence and maximize your return.
Renovations play a major role in boosting property value, especially in a growing market like Sioux Falls. With increasing buyer demand and evolving style preferences, homes that are outdated or inefficient may struggle to compete.
Strategic upgrades, such as modern kitchens, updated bathrooms, or improved energy efficiency, not only enhance daily living but also position a home to sell faster and for a higher price, delivering a strong return on investment.
In Sioux Falls, certain home upgrades consistently deliver strong returns by aligning with buyer expectations and regional needs.
Kitchen updates are among the most valuable renovations, often recouping 70–80% of the cost. Popular features include quartz countertops, energy-efficient appliances, and open layouts.
A minor remodel can cost $15,000–$25,000, while upscale renovations may reach $50,000 or more. Modern kitchens consistently attract buyers and boost the sale price.
Updated bathrooms increase both functionality and appeal. In Sioux Falls, popular features include walk-in showers, new vanities, and energy-efficient fixtures.
A mid-range bathroom remodel may cost $10,000–$20,000 and can offer up to 70% ROI. Adding a bathroom in homes with limited facilities can significantly increase resale value.
Finishing a basement adds valuable living space, ideal for family rooms, guest suites, or home offices. Sioux Falls buyers appreciate this added functionality, especially during colder months.
Costs typically range from $30,000–$50,000, with a potential ROI of 70%. Ensure proper insulation and egress windows for safety and code compliance.
Exterior upgrades create a strong first impression. Replacing garage or entry doors, refreshing siding, updating landscaping, and adding exterior lighting can dramatically boost perceived value.
Projects can cost from $2,000–$10,000 and offer up to 90% ROI. Curb appeal is a key driver in attracting buyers quickly.
A new roof offers peace of mind to buyers and prevents future repair costs. In Sioux Falls, where hail and snow are concerns, asphalt shingle replacements range from $8,000–$15,000.
A roof in excellent condition adds curb appeal and may recoup 60–70% of the investment while making inspection negotiations smoother.
Energy upgrades appeal to cost-conscious and eco-minded buyers. Replacing windows ($600–$1,200 each), upgrading insulation, and installing efficient HVAC systems can lower utility bills and increase comfort.
These improvements may qualify for tax credits and provide ROI between 60 and 80%, depending on the project and energy savings.
Adding square footage increases value significantly, especially in high-demand neighborhoods. Common additions include extra bedrooms, sunrooms, ADUs, or expanded family rooms.
Costs in Sioux Falls average $100–$200 per square foot. While ROI varies, well-planned additions that improve flow and function often yield strong returns and make homes more marketable.
Outdoor living spaces are in demand, particularly during Sioux Falls’ mild seasons. A wood deck addition typically costs $10,000–$15,000 and may return up to 65% of that investment.
Buyers value spaces for entertaining and relaxing, making decks and patios desirable features that increase both enjoyment and resale potential, especially if you include extras, such as a fire pit.
Hardwood flooring is timeless and durable, adding immediate appeal. In Sioux Falls, installing solid or engineered hardwood runs about $8–$14 per square foot. Refinishing existing floors can be even more cost-effective.
With an ROI of 70–80%, hardwood flooring is a smart upgrade that enhances both beauty and market value.
Not all upgrades pay off. In Sioux Falls, renovations with the lowest ROI include luxury additions like home theaters, saunas, or wine cellars, which can cost $15,000–$50,000 but appeal to a limited buyer pool.
High-end customizations or over-personalized finishes may also deter buyers. Similarly, installing a pool—costing $30,000 or more—offers minimal return due to short warm seasons and ongoing maintenance. Focus instead on improvements that meet broad market demand.
To get the best return on your renovation investment, it’s essential to plan strategically and spend wisely. Focus on upgrades that align with local buyer expectations and long-term value.
To Maximize ROI:
By focusing on renovations that match local buyer expectations—such as updated kitchens, curb appeal enhancements, and finished basements—you can increase your home’s value and sell more quickly.
Avoid costly upgrades with low ROI, and always plan with your neighborhood and resale goals in mind. Strategic, well-executed renovations are the key to long-term value and a stronger bottom line.
Don’t settle for less than the best—trust Sioux Falls Home Remodeling to handle all your home renovation projects. We prioritize integrity, exceptional craftsmanship, and long-lasting quality that exceeds expectations. Get your free estimate today!
Luxury additions such as home theaters, wine cellars, or custom hobby rooms often offer the lowest return. These upgrades can be costly and may not appeal to a broad range of buyers, limiting their impact on resale value. The same is often true for pools.
The 30% rule suggests you shouldn’t spend more than 30% of your home’s value on renovations. For example, if your home is worth $300,000, your total renovation budget should stay under $90,000 to avoid over-improving for the local market.
