Are you gearing up for a major renovation on your home? When planning for improvements, choose projects that add value to your home. Projects that have a high return-on-investment (ROI) will make your house more beautiful, functional, and valuable.
Home Improvement Projects to Add Value
Whether you’re a house flipper or you want to add some valuable upgrades to your own home, the right projects boost the market value of your property significantly. Here are a few projects that have great ROI.
1. Install a Steel Entry Door
Increasing security around your property is one of the most valuable improvement projects for today’s homeowners. Steel entry doors, on average, return 101.8% of the initial investment. While a new steel door will improve security, it has the added benefit of improving curb appeal.
2. Invest in a Deck
A backyard deck is a valuable addition to a home. Though wooden decks are costly to install, experts say they can recoup an estimated 80.5% ROI. Homeowners benefit more from having a deck if their climate is generally pleasant. If building a new deck makes sense in your area, this is a good project to tackle during your remodel.
3. Convert Your Attic Into a Bedroom
An attic conversion is another project that offers a good return when updating your home. By turning your attic into a bedroom, you’ll add more living space to your property. Homeowners can expect to see a 77.2% ROI, making this bedroom conversion one of the best projects to boost a home’s value.
4. Replace Your Garage Door
Though your garage door may not be high on the list of things you want to improve, garage door replacements increase your home’s value while helping curb appeal. With a mid-range garage door replacement, homeowners can expect an 82.5% ROI.
5. Add Value to Your Home With Fiber Cement Siding
New siding is another update that can dramatically boost your home’s value and curb appeal. While fiber cement siding will improve your home’s aesthetics, this material also offers incredible durability over vinyl and wood. Fiber cement siding is resistant to fire, rot, moisture, and termites, making it a great investment. This type of siding has an 84.3% ROI.
6. Replace Your Windows
If energy-efficiency is a priority, opt for window replacements. They have a 77.5 – 78.8% ROI. With window replacements, you’ll improve your home’s value, lower utility bills, and boost your home’s aesthetic appeal.
7. Update Your Kitchen to Add Value to Your Home
A kitchen upgrade is a popular project for a reason. Kitchens are one of the most-used rooms in the house, so updating your kitchen is a great way to add value. With the average kitchen upgrade yielding a 79.3% ROI, it makes sense for you to invest in new appliances, updated cabinetry, and even a new, user-friendly layout.
Conscientious homeowners are constantly thinking about their next home improvement. Whether you’re planning to list your house or just want to enjoy the upgrades yourself, these projects will beautify and add value to your home.