Remodeling Projects with the Highest Return on Investment

Worker doing home repairSpring is one of the best times to do some repairs and renovations at home. If your plans this season extend beyond deep house cleaning, experts from suggest going for remodeling projects that bring the biggest bang for your buck.

Something Worth Investing In

While it’s tempting to undertake a major bathroom remodel or add a master suite, Remodeling Magazine’s 2018 Cost vs. Value Report reveals interior home improvements may not be the wisest investment decision.

In fact, projects that generated the highest returns all focus on enhancing the home’s exterior. Garage door replacement topped the list with 98.3 percent average cost recouped on all jobs, followed by manufactured stone veneer at 97.1 percent and steel entry door installation at 91.3 percent.

Betting on Curb Appeal

Focusing on the home’s exterior will boost curb appeal, which real estate professionals say is essential to increasing the resale value and winning over future buyers. It makes sense – after all, you can immediately get smitten by a house with a stunning façade. Since garage doors make up a large portion of the exterior, they play an important role in providing a stellar first impression.

Taste Affects Value

Homeowners interested in a major overhaul of the interior can find themselves in an expensive predicament if they are looking to sell eventually. According to the Cost vs. Value Report, an upscale bathroom upgrade can cost around $62,000 with only an expected ROI of 56.2%.

Shelling out big bucks on expensive interiors doesn’t mean that you are guaranteed to attract future buyers. Remember that if they don’t like the design, they won’t deem it valuable regardless of the costs spent making it.

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There are a variety of projects you can take on this spring, but remodeling experts recommend exterior jobs for enhanced curb appeal and increased market value. When you finally sell your home, you’ll be glad you’ve made the right decision.

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