Spring is right around the corner, and it is a perfect time to start considering making some new home improvements. Whether you’re trying to add value to your home for a resale or just trying to add some extra comfort, it is important to make renovations that are good investments.
This can be a tough decision, but you’re not alone. Below are some suggestions you can consider when making your next home improvement.
Remodeling Magazine’s 2018 Cost vs. Value Report states that homeowners will gain the highest returns from renovations to the exterior of the house. That means that it is a perfect time to replace that old garage door. According to the report, a typical garage door replacement costs around $3,470. The replacement adds around $3,411 in value, recouping about 98.3 percent of the replacement costs.
Manufactured stone veneer
Quality siding is very important to your home. Durable and strong, manufactured stone can give your home a distinctive look. And, for a 97.1% cost recoup, adding a manufactured stone veneer is very smart investment.
Wood Deck Addition
Homeowners who add a wooden deck to their properties recoup on average 81 percent of the project’s cost when they sell their home.
Wood Window Replacement
Not only does this renovation add value to your home, it also helps cut down on your energy bills. Homeowners who replace their wood windows recoup on average about 77 percent of the project’s cost when they sell the home, according the report.
According to the report, homeowners who replace their vinyl siding recoup on average nearly 80 percent of the project’s cost when they decide to put the home on the market.