Earlier this year we provided a short recap of the 2015 Cost Vs. Value Report shedding light to small home improvements that will boost the value of your home. It is important to find the most cost-effective remodeling projects that will bring the highest return on investment. Here are 5 that will do just that:
1. Entry door replacement.
This is been on the list of top remodeling projects for years. Replacing your wooden front door with a steel door not only enhances curb appeal, but is safer and more secure. The average cost for something like this is about $1,200, but the return on investment is 101.8%. I can’t even think of one reason why you wouldn’t want to replace your front door.
2. Manufactured stone veneer exterior.
Major perks of manufactured stone: it costs nearly 1/2 that of natural stone and also comes in a variety of colors. It is also is lighter, requires almost no maintenance and is more fire-resistant than wood or vinyl siding. This type of project is estimated to cost about $8,000, but the return on investment is still insanely high at 92.2%.
3. Garage door replacement.
Replacing your garage door is supported with similar reasons to those of the front door; the major one being that it is one of the first things people notice when approaching your home. There are so many options that are surprisingly budget friendly. Replacing a garage door will cost right around $1,500, but the return on investment is at a staggering 88.4%.
4. Vinyl siding replacement.
It’s like a face-lift for your house. Replacing the siding with vinyl is a lot more cost effective than doing manufactured stone, wood or cedar siding. Plus the installment is cheaper, too. Replacing the siding will cost you, on average, about $12,000 with a rate of investment at 80.7%, which is still incredibly high.
5. Add a wooden deck.
This is especially appealing to those with smaller square footage inside. Adding a wooden deck is about $10,000, but can expand your living space to entertain and relax. Having an 80.5% return on investment adding a large deck to your home is a great option to enhance the functionality of your backyard.
Remodeling seems like such a daunting, unreachable, useless waste of time to many of us. Projects are timely, costly and issues can arise half way through creating an even bigger budget. That’s where these five easy remodeling projects come in. Not to mention they will provide the highest return of investment over almost any other major project. Curious on where to start? Head to Fort Collins Resources to find some great contractors, or give Angie a call 970-402-6430 to get some good referrals.
Comments are closed.