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As a homeowner it’s crucial to maintain your home and make regular updates to ensure it keeps its value. Whether you’re planning on selling your home in the near future, or you’re looking to make some upgrades in your home to enjoy yourself, it’s important to consider return on investment – especially if you’re going to sell.
Each year Remodeling.com puts together a cost vs. value report that gives breakdowns of the home improvement projects that will provide the highest return on your investment (ROI).
Here is a quick look at some improvements to consider for your home if you’re looking to invest in a project that has a good ROI.
| Improvement | Job Cost | Resale Value | Cost Recouped |
| Siding Replacement | $15,154 | $12,715 | 83.9% |
| Roof Replacement | $23,432 | $17,417 | 74.3% |
| Deck Addition | $14,716 | $11,331 | 77% |
| Window Replacement | $21,859 | $16,154 | 73.9% |
| Bathroom Remodel | $22,445 | $16,308 | 72.7% |
| Bathroom Addition | $52,078 | $31,981 | 61.4% |
| New Entry Door | $1,920 | $1,246 | 64.9% |
| Kitchen Remodel | $23,980 | $19,462 | 81.2% |
| Garage Door Replacement | $3,756 | $3,600 | 95.8% |
If you’re looking around your home and wondering what projects to tackle first, don’t hesitate to contact your Shorewest, REALTOR® who can provide you with current market values in your area.
Categories: DIY, Home Selling, Homeowner, Real Estate Tips, Shorewest Tips, Uncategorized
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