Some home improvements cost more than they are worth. Here are 5 simple home improvements worth more than they cost!
Some projects will protect your dollars more than others if you’re planning to sell in a few years. Invest your time and money wisely, and your home improvements can increase your home’s value.
Want to know how to get the most bang for your buck with a home remodel? Check out Remodeling’s website. Since 2002, this trade magazine for contractors and builders has been tracking common home improvement projects and how much of the cost of each project is recouped when the home sells.
We have analyzed the data from 2015, targeting the Pacific region, and below are the top 5 home improvements where you are likely to get the most return on your investment.
Front Door Replacement
Investors have been using this technique in recent years to hook homebuyers. Remodeling magazine estimates replacing your front door can yield an estimated 123% return on your investment. This simple and relatively inexpensive upgrade increases curb appeal, creates a “homey” feel, and can even offer insulation and energy saving benefits.
Garage Door Replacement
Surprisingly, the next best home improvement is replacing your garage door, with an estimated 110% return on investment. A new garage door provides a big boost for your home’s curb appeal at a relatively modest cost. Garage door manufacturers now offer so many options, including a wide color selection, patterns, windows and more to give your home a unique style and to freshen up your home’s exterior.
Manufactured Stone Veneer
It appears that homebuyers are mostly concerned with keeping up appearances. The third most profitable home improvement also applies to the exterior of your home. Manufactured stone veneer has an estimated 107.6% return on investment. Install the manufactured stone veneer to the bottom third of your house to add texture, depth, and richness to the overall appearance of the home.
Minor Kitchen Remodel
We all know that kitchens and bathrooms sell homes, so it is no surprise to see a kitchen remodel in the top 5 list. What might be surprising to some is that a minor kitchen remodel is estimated to return about 102.3% of your investments, whereas a major kitchen remodel will only return an estimated 81.1% of your investment. Ditch the new custom cabinets and opt for painting or staining your cabinets or simply replace the cabinet doors (or “fronts”) while leaving the rest of the cabinet intact. Replace or refinish your countertop, and a fresh coat of paint is all you need to revamp your kitchen space!
Outdoor spaces and gardens are very popular these days as homeowners are getting back in touch with nature. A deck addition will garner an estimated 101.2% return on your investment. Create an outdoor oasis for gardening, barbequing, and relaxing on a sunny California afternoon.