Thinking about taking on a remodeling project this year or just want to add value to your home? The right remodeling project can give you a high return on investment. Below are several home improvement projects that deliver the most bang for your buck.
Adding Attic Insulation
According to Remodeling’s 2016 Cost vs. Value Report, the home improvement project with the highest return on investment — 116.9 percent — is fiberglass attic insulation. Not only will insulating your attic reduce your home’s energy costs, it’ll likely more than pay for itself when you sell your house.
Adding Manufactured Stone Veneer to your Siding
Here’s another improvement with a solid return. This project involves replacing the bottom third of the home’s vinyl siding with manufactured stone veneer. It adds to your home’s curb appeal, and with an estimated cost recovery of just over 92 percent, it comes close to paying for itself at resale.
Giving Your Kitchen a Makeover
While it’s tempting to go all out with a kitchen remodel, from a cost to value perspective, you’re better off with a minor makeover. For example, rather than tearing out the cabinets and starting from scratch, keep the cabinet boxes intact, but replace the cabinet doors, drawers, and hardware.
Replacing the Garage Door
Is your garage door showing its age? Replacing it with a steel sectional garage door could be the answer, especially if you’re looking to maximize your home’s value and curb appeal.
Upgrading your Gutters
Speaking of curb appeal, you may want to upgrade your rain gutters with a low-maintenance rain gutter system. Not only will an upgraded gutter system look nicer, it will work to protect the structural integrity of your home’s siding and roofing by diverting water appropriately. Investing in a guaranteed clog-free and seamless gutter system such as LeafGuard will save you — and your home’s future owners — both time and money in gutter maintenance and home repair costs.
If you want to maximize your home’s value, the projects listed above are a good place to start. Each comes close to paying for itself in terms of a higher property value, and some will reduce your energy or maintenance costs over time.