Top Ten Remodeling Projects For The Home
Every homeowner wants to make improvements on their home at some point. As a homeowner, you should be considering your return on investment when deciding which improvements you want to make to your home, whether you’re planning on selling right away or not. According to CBS Chicago, your money is better spent fixing up the outside of your home versus working on the inside. To make it easy on you, here are the top 10 home remodeling projects that you should take on if you want to maximize your return on investment.
Replace Exterior Siding
Replacing your siding with high-end fiber cement is the best exterior home improvement you can make. According to MSN, it pays back a substantial 78 percent and only has an average cost of about $13,000.
Replace the Front Door
Curb appeal is one of the most important things to pay attention to when working on home improvements. Replacing your front door with a mid-range steel door usually costs $1200 and you can make a 73 percent return on your investment.
Remodel Your Attic
The best interior remodel you can make is converting your attic into a bedroom and bathroom. Even though this project is one of the most expensive, costing an average of $50,000, Remodeling Magazine suggests it has such a high return rate (72 percent) because it is the least expensive way to add a bathroom and bedroom, and it does so within the homes existing footprint.
By simply replacing your windows with upscale vinyl windows, you can expect to see a 69 percent return on the $14,000 average cost. When choosing the new windows, look for ones that contain low-emission glass and simulated wood-grain trim. Update your blinds, rather than getting curtains, for a better return on your money.
Remodel Your Kitchen
Give your kitchen a minor facelift. When done correctly, a mid-level kitchen remodel can pay you back 72 percent of your investment. The best way to do a mid-level remodel is to get new faucets, appliances, laminate countertops, and a new sink. You can update the cabinets by simply adding new hardware, and you should leave the floor alone. If you stick to just these improvements, the entire remodel should cost you under $20,000.
Replace Your Garage Door With a Mid-Level Option
You may not realize it, but your garage door adds a substantial amount of curb appeal to your home. It is also one of the most functional items you can add. A mid-level garage door should cost about $1,500 and will give you a 71 percent return.
Get a High End Garage Door
If you really want to add some curb appeal, opt for a high-end garage door. The investment will cost you almost double the price of the mid-level garage door and can give you a 71 percent return.
Install a Wood Deck
People love to entertain, so they will pay extra for a home that has a nice deck. The average cost of a wood deck is just over $10,000 and will pay you back 70 percent.
Install Foam-Backed Vinyl Siding
Foam-backed vinyl siding is a great choice because it helps to keep your house warm. You can expect to earn back 69 percent of your $14,000 investment.
Install Mid-Level Vinyl Siding
Even if you decide to simply replace your siding with mid-level vinyl, you will still be improving your curb appeal. This improvement will cost you close to $12,000, and you can still expect a 69 percent return.