Home improvements can be beneficial to you in many ways. First of all, you get to enjoy them! They also add a lot of value to your home, which is great if you’re planning to sell in the future. There are a variety of improvements you can do to your home, but not all add value like you would think. We want to focus on the ones you should be doing. Below are some tips that will help you invest in the right home improvements.
Best Home Improvements
You may be planning to sell your house soon or you may be staying right where you are. Either way, it’s important to know the projects that add the most value to your home.
Garage Door Replacement
This project costs about $3,611 to complete, with a resale value of $3,520. You can regain 97.5% of your investment, which is almost every penny you spent on it! This price estimate is based on turning a two-car garage door into a four-section garage door with heavy-duty steel tracks. This will enhance your home’s curb appeal and is a great investment, especially if you’re planning on selling.
Stone Veneer
This involves replacing some of the vinyl siding on your home with stone veneer. You will see a lot of these done on a home’s entryway. This adds so much curb-appeal. The price of this type of project costs around $8,907 with a resale value of $8,449. You can regain 94.9% of your investment. The estimate is based on installing 36 linear feet of sills, 46 linear feet of corners and one address block along with two layers of water-resistant barriers and corrosion-resistant lath and fasteners.
Kitchen Remodel
This project is FUN. Who doesn’t want a brand-new kitchen? It makes cooking that much better! The price estimate for this project is $22,507 with a resale value of $18,123. You can regain 80.5% of your investment. This involves appliance replacement, energy-efficient models, new cabinets, countertops, hardware, sink/faucet, flooring, and paint.
Deck Addition
If you love sitting outside, enjoying the outdoors, this project is for you. A pretty backyard is also very appealing to potential buyers. The price estimate on this is $13,333 with a resale value of $10,083. You can regain 75.6% of your investment. This is based off a 16-by-20-foot deck with railing, pressure-treated wood posts, and balusters.
Replace Siding
You don’t want old and worn out siding on your home. This is not attractive to buyers. You want the outside of your home to make people want to see the inside. The average price on this is about $16,036 with a resale value of $12,119. You can regain 75.6% on your investment. This includes upgrading factory film at the openings and corners.
Replacing Front Door
This project costs about $1,826 with a resale value of $1,368. You can regain 74.9% of your investment. This is based on replacing your main front door with a 20-gauge steel door with a clear dual-pane half-glass panel, jambs, and an aluminum threshold. A beautiful front door just makes everyone want to come inside!
If you are thinking about doing some home improvements, do your research. Not all projects will add value to your home, so it’s important to be aware of this! You also want to make sure you have the money to pay for your improvements! You can save your money or use the equity in your home by using a home equity line of credit. Either way, we want you to invest your money the right way. Take advantage of our tips above. We wish you luck on your home improvement projects!
