If you’ve been thinking of doing some upgrades around your house, it’s essential to know which things are worth the money. Most people decide to do renovations or upgrades to increase their resale value. We know the classic renovations or updates that will always be good for the bottom line (finished basement, painting your front door, new paint everywhere), but the top few projects with the highest ROI were pretty shocking to me!
According to the 2021 Cost vs. Value Report from Remodeling, the project with the highest return on investment is replacing your garage door! Their nationwide data shows that the average cost is $3,907 with a return of $3,663 making it a 93.8% return. So, if you’re looking to add value in this market, that’s definitely where I would start.
Genova Construction, design by: Tiffany Harris, architect: Brandon Architects, photo: Ryan GarvinA Few Other Projects With High Rates of Return Are:
- Manufactured Stone Veneers (92.1% ROI)
- Midrange Kitchen Remodel (72.2% ROI), and
- Fiber-Cement Siding (69.4% ROI)
- Example: James Hardie’s HardiePlank Siding
