Home Improvements with the Best Return-on-Investment

Sellers looking to boost their home value often mistakenly turn to high-dollar renovations like kitchen remodels and updated flooring. Although these types of updates are attractive to buyers, sellers rarely recoup the cost of the update when they sell the property. These home improvements CAN put a few extra dollars in your packet at closing - or at the very least, pay for themselves. (costs represent averages and may vary in your area):

New Garage Door

Cost $4,513; Return $8,751; Recoup 194%

New Steel Entry Door

Cost $2,355, Return $4,430; Recoup 188%

New Stone Veneer (instead of siding)

Cost $11,287; Return $17,291; Recoup 153%

New Front Entrance with Sidelight Windows

Cost $11,353; Return $11,054; Recoup 97%

Minor Kitchen Remodel

(cabinet refacing, new appliances, new countertops)

Cost $27,492; Return $26,406; Recoup $96%

I know what your next question is going to be. Here are the improvements with the WORST return on investment:

• Additional room/square footage: 45% return
• Full Kitchen Remodel: 55% return
• Full Bathroom Remodel: 55% return
• Swimming Pool: 50% return

If you’re thinking about any of these projects, be sure to do it for the best return of all; your enjoyment!

Sources:

These home remodeling projects offer the highest return on investment in history, report finds

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