Improvements for your home
Improvements , the most bang for your buck, not always what you think
Here are some other home improvements from Remodeling’s 2019 Cost Vs. Value Report that will give you the best bang for your buck when it comes time to sell:
1. Garage doors: Replacing a garage door is a recurring winner on Remodeling’s list each year, returning almost 100% (97.5%) of the average $3,611 it costs.
2. Manufactured stone veneer: Adding stone veneer on the outside of your home is not only attractive but has a return of 95% on the average $8,907 spent.
3. Deck: Whether you choose a wood or composite deck, investing $13,000 – $19,200 in a new deck is a good bet, returning between 69% – 76% of the amount spent.
4. Windows: If it’s time to get rid of those old, drafty windows, doing so could reward you with a return on investment between 70% – 73.4%. New windows may cost you $16,000 – $21,000 (depending on whether you prefer wood or vinyl), but they’re well worth the investment on your resale value as well as your energy costs!
5. Siding: Vinyl siding is another great investment, returning 75.6% of the average $16,036 it costs.
6. Front Door: Entry doors complement your home’s curb appeal, and they’re the least expensive remodel on this list. A front door costs an average of $1,826 and you’ll recoup 75% of that.
7. Bathrooms: A bathroom remodel can be one of your most expensive endeavors at $20,000 – $65,000. However, it will return between 60% – 67% of your investment. This is a good return, but just be careful not to go overboard with high-end fixtures, flooring, etc. The more you spend on your products, the lower your return will be.
8. Kitchens: Similar to bathroom remodels, kitchens are one of the more expensive remodels and it’s easy to go crazy with expensive additions. A minor kitchen remodel that involves painting walls and cabinets, adding new fixtures and more will get you a return of 80.5% of the average $22,507 spent. A major remodel can cost upwards of $66,000 – $132,000 and has a lower return of roughly 60% – 62%.
9. Roof: A roof is one of the first things buyers ask about. No one wants to have to replace a roof because it’s so expensive. Depending on the size of the home, an asphalt roof may cost around $22,600 with a 68% return on investment while a metal roof averages $38,600 with a 61% return.
10. Master suite addition: Easily one of the more expensive updates on the list coming in at around $131,000 – $272,000, a master suite addition returns between 50% – 60% of what you spend. A lot of the older homes don’t have master suites, but for home buyers this is often a deal breaker. A master suite has become a must-have in today’s market