If you’re thinking of selling your home in the near future, you might want to consider some home improvement projects that can boost your resale value. Not all projects are created equal, though. Some may cost more than they return, while others may have a high return on investment (ROI). Here are the top 10 home improvement projects that pay off, according to a report by Remodeling magazine.
1. Manufactured stone veneer: This project involves replacing a portion of your siding with stone veneer, giving your home a more upscale and modern look. The average cost is $9,357, and the average resale value is $8,943, for a ROI of 96%.
2. Garage door replacement: A new garage door can improve your home’s curb appeal and security. The average cost is $3,695, and the average resale value is $3,491, for a ROI of 94%.
3. Siding replacement (fiber cement): Fiber cement siding is durable, fire-resistant, and low-maintenance. It can also mimic the appearance of wood, brick, or stone. The average cost is $17,008, and the average resale value is $13,195, for a ROI of 78%.
4. Siding replacement (vinyl): Vinyl siding is another popular option for homeowners who want to update their exterior. It comes in various colors and styles, and it’s easy to install and clean. The average cost is $14,359, and the average resale value is $10,731, for a ROI of 75%.
5. Window replacement (vinyl): Replacing your old windows with new vinyl ones can improve your home’s energy efficiency, comfort, and appearance. The average cost is $17,461, and the average resale value is $12,761, for a ROI of 73%.
6. Deck addition (wood): Adding a wooden deck to your backyard can increase your living space and outdoor enjoyment. The average cost is $14,360, and the average resale value is $10,355, for a ROI of 72%.
7. Window replacement (wood): If you prefer the natural look and feel of wood windows, you can also expect a good return on your investment. The average cost is $21,495, and the average resale value is $14,804, for a ROI of 69%.
8. Entry door replacement (steel): A steel entry door can provide more security and insulation than a wood or fiberglass one. It can also add some style to your front entrance. The average cost is $1,881, and the average resale value is $1,294, for a ROI of 69%.
9. Minor kitchen remodel: A minor kitchen remodel can involve replacing cabinet fronts, countertops, appliances, flooring, and fixtures. It can give your kitchen a fresh and functional makeover without breaking the bank. The average cost is $23,452, and the average resale value is $18,206, for a ROI of 78%.
10. Roofing replacement (asphalt shingles): A new roof can protect your home from leaks, pests, and weather damage. It can also enhance your home’s appearance and value. The average cost is $24,7000 ,and the average resale value is $16 ,287 ,for a ROI of 66%.
These are some of the best home improvement projects that pay off when you sell your home. Of course ,the actual costs and returns may vary depending on your location ,the quality of materials ,and the contractor you hire .But if you’re looking for some ideas to spruce up your home before putting it on the market ,you can’t go wrong with these projects.
