The Best Home Renovation Projects for Lake Forest Properties

Lake Forest, Illinois, is a picturesque suburb north of Chicago, known for its historic charm, tree-lined streets, and stunning properties ranging from grand estates to cozy family homes. With its affluent community and proximity to Lake Michigan, Lake Forest real estate is highly sought after, and homeowners often look to renovate their properties to enhance both livability and market value. Home renovations in this area must balance modern functionality with the preservation of the architectural integrity that defines Lake Forest’s aesthetic. This blog post explores the best home renovation projects for Lake Forest properties, offering insights into projects that maximize return on investment (ROI), align with local trends, and cater to the lifestyle of this unique community.

Why Renovate in Lake Forest?

Before diving into specific projects, it’s worth understanding why renovations are so impactful in Lake Forest. The area’s real estate market is competitive, with median home prices often exceeding $1 million, according to recent data from local real estate platforms. Well-executed renovations can increase a property’s value by 10-20%, depending on the project, while also making homes more appealing to discerning buyers who value quality and style. Additionally, Lake Forest homeowners often renovate to improve their quality of life, creating spaces that reflect their needs for entertaining, remote work, or outdoor enjoyment. With the area’s blend of historic homes and modern builds, renovations must be strategic to maintain the character that makes Lake Forest special.

1. Kitchen Remodeling: The Heart of the Home

A kitchen remodel is one of the most impactful renovation projects for Lake Forest properties, offering an average ROI of 70-80% in high-end markets. Kitchens in this area are often the hub of family life and entertaining, so upgrades that combine luxury, functionality, and timeless design are key.

Key Features to Include:

• High-End Appliances: Brands like Sub-Zero, Wolf, and Miele are popular in Lake Forest homes. Consider integrating smart appliances for added convenience.

• Custom Cabinetry: Opt for bespoke cabinetry in neutral tones or classic whites to complement the area’s traditional and transitional architectural styles.

• Large Islands: A spacious island with seating is ideal for casual dining and entertaining, a must for Lake Forest’s social households.

• Natural Materials: Incorporate marble or quartz countertops and hardwood flooring to elevate the space while maintaining durability.

• Smart Lighting: Install under-cabinet and pendant lighting with dimmable options to create ambiance for dinner parties or family gatherings.

Local Considerations:

Many Lake Forest homes, especially older ones, have smaller, closed-off kitchens. Opening up the space by removing walls or adding a pass-through to adjacent living areas can modernize the layout while preserving historic charm. Be sure to work with a contractor familiar with local permitting requirements, as Lake Forest has strict regulations for structural changes.

2. Bathroom Upgrades: Spa-Like Retreats

Bathroom renovations are another high-ROI project, with an average return of 60-70% in upscale markets like Lake Forest. Modern buyers and homeowners crave spa-inspired bathrooms that offer relaxation and luxury, making this a top priority for renovations.

Key Features to Include:

• Walk-In Showers: Large, glass-enclosed showers with rainfall showerheads and body jets are in demand.

• Freestanding Tubs: A soaking tub adds a focal point and appeals to buyers seeking a luxurious escape.

• Heated Floors: Radiant floor heating is a practical yet indulgent addition, especially for Lake Forest’s chilly winters.

• Double Vanities: Dual sinks with ample storage cater to busy households and add a touch of elegance.

• Sustainable Fixtures: Water-saving toilets and faucets align with eco-conscious trends while reducing utility costs.

Local Considerations:

Older Lake Forest homes may have outdated plumbing or limited bathroom space. Consider reconfiguring layouts to add en-suite bathrooms to primary bedrooms, as this is a top request among buyers. Additionally, use classic materials like subway tile or carrara marble to match the area’s timeless aesthetic.

3. Outdoor Living Spaces: Embracing Nature

Lake Forest’s natural beauty, with its proximity to Lake Michigan and lush landscapes, makes outdoor renovations a priority for homeowners. Well-designed outdoor spaces can increase a property’s value by 10-15% while enhancing lifestyle, as residents love to entertain and relax outdoors during the warmer months.

Key Features to Include:

• Patios and Decks: Build a stone patio or composite deck for durability and low maintenance. Add a pergola or awning for shade.

• Outdoor Kitchens: Equip the space with a built-in grill, sink, and refrigerator for seamless entertaining.

• Fire Features: A fire pit or outdoor fireplace creates a cozy gathering spot for fall evenings.

• Landscaping: Invest in professional landscaping with native plants, mature trees, and seasonal blooms to enhance curb appeal.

• Lighting: Install pathway and accent lighting to highlight architectural features and ensure safety.

Local Considerations:

Lake Forest’s climate requires materials that withstand harsh winters and humid summers. Choose weather-resistant furniture and finishes, and consider adding a screened porch or heated elements to extend usability. Additionally, ensure compliance with local zoning laws, as Lake Forest has specific guidelines for outdoor structures.

4. Energy-Efficient Upgrades: Sustainability Meets Savings

Sustainability is a growing trend in Lake Forest, where homeowners value eco-friendly upgrades that reduce energy costs and environmental impact. Energy-efficient renovations can yield long-term savings and appeal to environmentally conscious buyers.

Key Features to Include:

• Insulation and Windows: Upgrade to high-performance windows and add insulation to walls and attics to improve energy efficiency.

• Smart Thermostats: Install devices like Nest or Ecobee to control heating and cooling remotely.

• Solar Panels: While not common in all Lake Forest neighborhoods, discreet solar installations can reduce electricity bills.

• LED Lighting: Replace incandescent bulbs with LED fixtures for lower energy consumption and longer lifespan.

• Tankless Water Heaters: These provide on-demand hot water and save space compared to traditional systems.

Local Considerations:

Historic homes in Lake Forest may require special permits for energy upgrades to preserve their exterior appearance. Work with contractors experienced in retrofitting older properties to maintain architectural integrity while improving efficiency. Additionally, check for local incentives or rebates for energy-efficient upgrades.

5. Adding or Expanding Living Space

For growing families or those looking to maximize resale value, adding square footage through additions or basement remodels is a smart investment. In Lake Forest, where lot sizes are often generous, expanding living space can yield an ROI of 50-70%, depending on the project’s scope.

Key Features to Include:

• Primary Suite Additions: Create a luxurious primary bedroom with an en-suite bathroom and walk-in closet.

• Finished Basements: Transform basements into home theaters, gyms, or guest suites with proper lighting and ventilation.

• Mudrooms or Entryways: Add a functional mudroom with built-in storage to manage the clutter of busy households.

• Home Offices: With remote work on the rise, a dedicated office space with soundproofing and high-speed internet is a major draw.

• Sunrooms: A sunroom addition brings in natural light and provides a versatile space for relaxation or entertaining.

Local Considerations:

Lake Forest has strict zoning and historic preservation guidelines, so consult with the local building department before starting an addition. Ensure that new additions blend seamlessly with the existing architecture, using materials and designs that complement the home’s original style.

6. Preserving Historic Charm

Many Lake Forest properties are historic or architecturally significant, designed by renowned architects like Howard Van Doren Shaw or David Adler. Renovations that preserve or restore historic features can enhance a home’s value and appeal while respecting its heritage.

Key Features to Include:

• Restored Millwork: Refinish original wood trim, crown molding, or built-in cabinetry to highlight craftsmanship.

• Period-Appropriate Fixtures: Replace outdated lighting or hardware with fixtures that match the home’s era.

• Hardwood Floors: Refinish or replace floors with oak or walnut to maintain authenticity.

• Exterior Updates: Repair or repaint brick, stone, or wood siding to restore curb appeal while preserving character.

• Stained Glass or Windows: Restore or replicate original windows to maintain architectural integrity.

Local Considerations:

Work with a preservation architect or contractor familiar with Lake Forest’s historic district regulations. Some renovations may require approval from the Lake Forest Historic Preservation Commission, so plan accordingly to avoid delays.

Final Tips for Successful Renovations in Lake Forest

• Hire Local Experts: Choose contractors and designers with experience in Lake Forest’s unique market and regulations. They’ll navigate permitting and zoning with ease.

• Focus on Quality: Lake Forest buyers expect premium materials and craftsmanship, so avoid cutting corners.

• Plan for the Long Term: Select timeless designs and durable materials to ensure your renovation stands the test of time.

• Budget Wisely: Renovations in Lake Forest can be costly, with high-end kitchens averaging $75,000-$150,000 and additions exceeding $200,000. Set a realistic budget and include a contingency fund.

• Consider Resale Value: Even if you plan to stay in your home, prioritize projects that appeal to future buyers, such as kitchens, bathrooms, and outdoor spaces.

Conclusion

Renovating a Lake Forest property is an opportunity to blend modern luxury with the area’s timeless charm. Whether you’re updating a kitchen, creating an outdoor oasis, or preserving historic details, the right projects can enhance your home’s value, functionality, and appeal. By focusing on high-ROI renovations and working with experienced professionals, you can create a space that reflects your lifestyle while honoring the unique character of Lake Forest. Start planning your renovation today, and transform your property into a true gem in this coveted community.