Any home upgrade that makes you happy and more comfortable in your home is worth the cost. Unless you’re thinking of selling soon.
In this case, you have to look at how much value the upgrade is going to add to the sale price of your house. Oddly, many of the best home upgrades in this regard are the ones that don’t add much internal comfort to a home.
Figuring out the Best Home Upgrades
Figuring out remodeling costs vs value is simple enough. It’s basic math to work out the cost of the upgrade against the increased value of your house.
The bad news is that you’re probably not going to get all your money back. The good news is that, according to a recent study, cheap home renovations tend to deliver the best ROI.
These are your best options:
1. Installing a New Garage Door
Garage door replacement has always been one of the best home remodeling ideas for good ROI, but in 2019 it tops the list. You can expect to recoup almost 98% of your costs when you sell a house with a new garage door.
This simple exterior fix not only adds curb appeal to your home, but it implies added security and convenience too.
2. Adding Manufactured Stone Veneer
The trouble with replacing your old siding with manufactured stone veneer is that you may not want to sell your home afterward. This finish looks stunning on most houses and adds massive curb appeal to your property.
You can look at getting back just under 95% of your costs for this upgrade if you do decide to sell. If you don’t want to go the whole hog, refurbishing your existing siding will still add 75% of what you paid for it to your house’s value.
3. Minor Kitchen Remodel
You’ll love your new modern and attractive kitchen, but potential buyers will too. This means you can look at getting back over 80% of what you spend on a kitchen refurb at sale time.
Minor upgrades include items like energy-efficient appliances, new countertops, and upgraded cabinet panels.
Glancing at home remodeling websites will give you a good idea regarding the latest trends in modern kitchen design.
4. Building a Wooden Deck
A deck is one of the best things you can add on to a house to improve its value.
A top of the range 16-by-20-foot deck can cost upwards of $13,000 to install. It’s likely to add 75% of that to your house’s value though.
You’ll also have the benefit of an awesome outdoor entertainment area to enjoy until a buyer comes along.
5. Steel Entry Doors
This quick and easy upgrade delivers aesthetic appeal and security to your home.
A factory-finished 20-gauge steel door with half-class panels will set you back around $1,800, but it adds almost as much to the price tag of your home. That’s a 75% return.
More Improvements
The sky’s the limit when it comes to improving both the intrinsic and material value of your home.
We’ve got some great ideas on the best home upgrades and more on our blog, keep reading our home improvement pages for inspiration.