5 Upgrades Your Home Will “Appreciate”
Anyone who’s spent a weekend binge-watching Love It or List It (do you always root for Hilary, or is that just us?) can tell you that home renovation dollars are well-spent in the kitchen. But what are some other upgrades you can make that you — and future — buyers will appreciate?
According to the 2019 Cost Vs Value report in Renovation magazine, you’ll want to spend some time and money on your home’s exterior to maximize your upgrade ROI. Let’s break down the top five renovation projects for resale value.
Instantly improve curb appeal and the functionality of your home by replacing an aging garage door. To make your daily life easier, add a smart garage door opener while you’re making upgrades (for more suggested smart home switches, check out our guide).
Average job cost: $3,611 | Average resale value: $3,520 | ROI: 97.5%
Give your home a big facelift without major surgery by replacing a portion of your vinyl siding with manufactured stone veneer. You only need to work with the bottom third of your facade, as well as any columns (or the archway to your front entry), to produce gorgeous and cost-effective results.
Average job cost: $8,907 | Average resale value: $8,449 | ROI: 94.9%
You don’t have to take your kitchen down to the studs to improve the look, function, and value. Midrange upgrades like new paint, flooring, countertops, fixtures, cabinet facades, and upgrading select appliances will make the kitchen feel new without breaking the bank.
Average job cost: $22,507 | Average resale value: $18,123 | ROI: 80.5%Get Estimates Now
Not only does a deck addition increase the likelihood of sweet summertime parties, it also increases the value of your home. It’s important to note the below ROI is for a wooden deck; decks built from composite materials are more expensive and allow for less cost recouped.
Average job cost: $13,333 | Average resale value: $10,083 | ROI: 75.6%
Make an excellent first impression by upgrading to a strong (yet still beautiful) steel entry door. With today’s options, you don’t have to sacrifice aesthetics for added security and durability. As a bonus, steel doors are more energy efficient than their wooden counterparts.
Average job cost: $1,826 | Average resale value: $1,368 | ROI: 74.9%
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