Cost vs. ValueReady to take the plunge and start the remodel you’ve been thinking about? When you are spending thousands of dollars on a remodel, it pays to find out what’s going to make the most sense to spend that money on.
Remodeling magazine studied 29 different remodeling projects in 99 markets in the U.S. and found out that certain projects did a much better job at getting you your money back than others. Here’s a look at the top five.
See how other projects did at Remodeling
The focus on sustainability and energy conservation has made attic insulation a popular project for several years. Increasing insulation to R-30 thickness will help with heating and cooling bills too. Though the return on your investment in this project is decreasing bit by bit, it’s still the biggest return of the project studied at 107% return.
Replacing an entry door with a steel version not only makes the home more secure, it also has some perks like a new lock in an updated metal finishes, half glass panels, and factory-finished color on both sides of the door. It’s a good investment that gives you a 91% return plus better security increases peace of mind, which you really can’t put a price to.
Replacing even the bottom third of the vinyl siding on the front of your house with stone veneer is a great facelift with great value. Do some barrier work on the house before putting down the stone to increase resistance to water and corrosion for a total return of 89%.
Yorkwood Manor in Pecan on the floor
This is a bit more of a premium upgrade, but it’s worth the 85% return. Replace tracks and the door itself with steel versions. Steel hinges and ball-bearing urethane rollers make for smooth operation. Insulate to at least R-12 around the door structure and place thermal seals between the panels of the door to make this remodel valuable beyond the door itself. Pick a door that has factory-applied paint and a lifetime warranty.
Kitchen upgrades have always been a high priority when remodeling. More than ever, homebuyers put the kitchen at the top of their wish list. A minor kitchen remodel will actually give you a better return than a major one. Leave cabinets but replace the fronts and hardware. Upgrade appliances to energy-efficient models. Replace laminate countertops, sink, and faucet. Replace flooring and add wall covering.