Thinking of putting your house on the market within the next few years? According to Realtor.org, updating your home’s exterior and improving its curb appeal will give you the biggest payback in terms of selling price. When planning remodeling projects, keep in mind there’s no guaranteed rate of return on your efforts, but a clean, well-maintained home is always attractive to buyers. A run-down exterior that’s in need of repair will prevent many buyers from even looking at a home, much less making an offer.
According to the 2015 Remodeling Cost vs. Value Report, these are the home improvements that can give you the biggest return on your investment:
Average return on investment 101.8%
Replacing your home’s front door is one of the least expensive remodeling projects you can do, and you can gain the most reward. Not only will a new steel door add curb appeal and security, replacing older doors with an energy-efficient model can reduce lost energy.
Average return on investment 71.6%
The roof is one of the basic structural elements of a house that buyers expect to have in good repair. Replacing an old, damaged roof is a good selling point because it gives a buyer peace of mind. And while you own the home, you won’t have to worry about leaks or other problems. Check out this list of common roof problems to see if your home needs a new roof.
Average return on investment 80.7%
Replacing old siding increases curb appeal and can lower energy costs. Buyers love low-maintenance vinyl siding, and higher-end cement fiber siding has the added benefit of being fire-resistant.
Average return on investment 72.8%
Buyers love low-maintenance vinyl windows because they’re easy to open and close and there are no storm windows needed. Energy Star compliant windows can reduce heating and cooling costs, and choosing impact resistant windows gives you another selling point of added safety. Check with your homeowners insurance company to see if they offer discounts for new windows.
Average return on investment 88.4%
A new garage door can dramatically change the appearance and enhance the curb appeal of your home. You can even save on your home’s heating and cooling costs with an insulated door.