Which home improvement projects offer the best returns?
Best Home Improvement Projects for Returns
Are you considering a home improvement project? Before you begin, you should consider all of the variables. In this article, we’ll go over some of the best investments and show you which projects will give you the most bang for your buck. While the old adage is “return on investment” (ROI) for home improvement projects, it’s important to remember that these projects will also save you money on utility bills and upkeep.
Which home improvement projects are the most profitable?
1. Installing a new front door
In terms of return on investment, replacing your front door is one of the best home improvement projects. According to a Realtor.com study, a new front door can increase the value of your home by up to 4%.
2. Installing or replacing siding
Another great project that provides a good return on investment is adding or updating the siding on your home. According to the same Realtor.com study, new siding can increase the value of your home by up to 7%.
3. Changing your windows
Another home improvement project that can provide a good return on investment is window replacement. According to the same Realtor.com study, new windows can increase the value of your home by up to 9%.
4. Including a deck
Adding a deck is an excellent way to increase the value of your home while also providing additional outdoor living space. According to the same Realtor.com study, a deck can increase the value of your home by up to 11%.
There are numerous factors to consider when undertaking home improvement projects. However, if you want to get the most bang for your buck, these are some of the best projects to take on. They will not only increase the value of your home, but they will also help it sell faster and for a higher price in the future. So, if you’re thinking about making some changes, keep these in mind.