Before selling your home, it’s hard to know what improvements to make now that will add value to it – without spending a fortune. To help, each year Remodeling magazine releases their Cost vs. Value Report, which estimates the average cost of a project and the percentage of the investment that will be recouped if the home is sold within a year. Based on the 2024 report, here are the top four home improvement projects with the highest return at resale.
Garage Door Replacement: Traditionally ranked as one of the highest returns on your investment, the average cost is $4,513 and you’ll recover 193.9% of the cost.
Entry Door Replacement: A new 20-gauge steel unit including a clear, dual-pane half-glass panel with an aluminum threshold costs an average of $2,355 and returns 188.1% of its cost.
Stone Veneer: Replacing the siding on the bottom third of the street-facing façade your home with manufactured stone veneer costs an average of $11,287, and you’ll recapture 153.2% of your investment.
Grand Entrance: Widening your entryway from 30” to 36”, adding a fiberglass door with decorative half-glass and dual sidelight windows to match door costs an average of $11,353 and you’ll see a 97.4% return when you sell your home. Keep in mind, this is a national report, but if you click the link, you can find local numbers to see home improvements that provide the best return on investment in your area.
If you’re planning to put your home on the market, I’ll be happy to recommend any repairs or improvements you’ll need to make to get the highest return on your investment. Get in touch today.
Alternatively, if you’re planning to buy a home, I can help you prepare so you’ll be ready to make a winning offer.
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Categories: Home improvement
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