November 7, 2014
Have you ever thought about doing a home improvement project and wondered if it was really worth the investment? An updated kitchen or bathroom is certainly a worthy project but will it yield a return like other less glamorous projects such as replacing the roof or siding?
To help answer those questions we’ve compiled a short list of the best projects for a return on investment.
- “Replacement projects continue to perform better in resale value than other types of remodeling projects. Seven of the 10 top-ranked projects are siding-, window-, or door-replacement projects and their cost-value ratio is an above-average 71.6 percent.” Remodeling magazine
- “Kitchen and bath remodels still provide the highest return value. While these rooms can be the most costly to redo, they're more likely to pay for themselves. Adding rooms, such as a family room or master suite, also tends to fare well at resale time: Bigger homes command higher prices.” This Old House
- “Curb appeal is a low cost no- brainer. Trim up the hedges, green up the grass, plant some flowers, and give the front door a fresh coat of paint in a wonderful accent color, add shiny new house numbers and maybe even a new mail box and outdoor lighting.” Trulia
- “Replace the front door. Year in and year out, no single project has provided such a healthy return on your home improvement dollar as a new front door. A replacement steel door averaged a 97.2 percent return on investment — by far the highest return in our historical look at the Cost vs. Value Report.” House Logic