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Home Improvements That Add Value and Offer a Great Return

This article comes from Angi.

Home Improvements That Add Value and Offer a Great Return

Sometimes home remodels aren’t just eye candy—although we love a good before-and-after. If you dream of selling one day, some remodeling projects also offer a fantastic return on investment (ROI.) Some of the best home upgrades are the ones that make your life a little (or a lot) more comfortable while also increasing your home’s resale value. From rebuilding kitchens to adding smart appliances, and beyond, here are 15 of the most lucrative home improvements that add value to your house.

1. Garage Door Replacement

Replacing a garage door costs around $750 to $1,600, but the ROI here is well worth it. Count on recouping 94% of your initial investment, according to Remodeling magazine. ROI isn’t the only reason to replace a garage door, as modern doors offer increased durability, a longer lifespan, and superior protection against severe weather events. In other words, hiring a local garage door company will make your home look better, feel safer, and increase the resale value down the line. A home improvement that adds value, curb appeal, and convenience? That’s what we call a win-win-win.

2. Installing a Manufactured Stone Veneer

Installing stone siding costs $87,500 to $125,000 for a 2,500-square-foot home. However, going with a stone veneer instead of natural stone not only saves on these installation costs, but it yields an ROI of 92%. Real stone sets you back $30 to $40 per square foot, but a stone veneer costs just $11 per square foot and is easier to install than real stone, saving on labor and making it one of the best home upgrades for your buck. These manufactured veneers are fairly durable, aesthetically pleasing, and won’t place undue strain on your home’s structural stability. Contact your local masonry technician to go over your options.

3. Minor Kitchen Remodel

Another home improvement that increases value is a small kitchen remodel. The average cost of remodeling a kitchen is $25,000 to $40,000, but the ROI remains static for both major and minor kitchen upgrades, at around 72%. In other words, minor kitchen remodels save money while offering a decent return on investment. Keep your kitchen remodel costs under $10,000 by doing most of the work yourself and by shopping for budget-friendly materials and appliances. Here’s one way to stay under $15,000: reface your cabinets instead of fully replacing them.

4. Siding Replacement

Replacing your home’s exterior siding costs $5,400 to $15,500 depending on the materials used, but you’ll get around 69% of that money back upon resale. Save on your upfront costs by choosing inexpensive materials, such as aluminum, wood, and vinyl. Hire a local power washing service to give your siding a thorough cleaning before replacing the tiles. You never know—getting rid of all of that dirt, mold, and detritus might be all your exterior needs to look new again. If that doesn’t work, contact a local siding contractor to go over replacement options.

5. Window Replacement

Window replacement costs anywhere from $200 to $1,300 per window, depending on the type of window chosen and any related materials and perks. For that price, however, you’ll get a 68% return on investment, improved energy efficiency, and some added visual pizazz on both the interior and exterior of your home. When it comes to the best ROI, go with vinyl or wood windows. These materials won’t break the bank and still offer plenty of bang for your home improvement buck. Contact a local window replacement installer to go over window types, labor costs, and related factors.

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