Looking to make home improvements? Spring is a great time to begin. It’s a time for renewal, a chance to take stock and make improvements on the things we’ve put off all winter. But what’s the best bang for your buck when it comes to home renovations? What has the best cost to value ratio? Not all home improvements have the value they used to, and some even have more, as you can see from Remodeling magazine’s latest Cost vs Value Report.
A Breakdown on This Year’s Report
Every year, Remodeling magazine takes 20 different home improvement projects and estimates what homeowners can expect to get back in increased home value, based on 2018’s estimations. The data looks at 9 different regions in the US, including Sacramento.
The Value of Curb Appeal
Hands down, the best ROI renovations can be found in those repairs and general remodeling projects that add curb appeal to your home, such as a new garage door, a new porch, or entryway. It’s easy to understand why when it’s what anyone will notice first when walking through a house. Most realtors will tell you that outward appearance is everything, especially when it comes to the resale value of a home. If you are considering having your home appraised in the next few years, it pays to look good.
ROI by the Numbers
Hands down, garage door replacement leads the pack of home improvements with an ROI value of 98.3%. Next would come a new wood deck at 82.3% and window replacement at 74%.
Here’s the breakdown:
Upscale Home Renovations
- New Garage door replacement: 98.3%
- New Wood Deck or Porch: 82.8%
- New Windows: 74.3%
Midrange Improvements
- Manufactured stone (veneer): 97.1%
- Entry door: 91.3%
- Minor kitchen remodel: 81.1%
What’s the Take-Away?
If you want to get the best investment return for your home improvement, a new garage door is a no-brainer, especially if you have an older door, your door is in serious disrepair, or has noise or other maintenance issues. You can replace it with an insulated garage door or a wooden door that can significantly improve the appearance and security of your home.
Replacing Your Garage Door and Windows Can Increase Your Home’s Value
While new windows are 74.3% on their own, by installing residential security windows you can increase that value further. Having a robust security system can dramatically increase the value of a home as it offers a sense of security and comfort to potential buyers. Combining new security windows, a professional receipt of the job being completed and other visual security upgrades like cameras can make a world of difference in a buyer’s opinion. Make it clear that this house is a safe place to raise a family or relax after a long day of work.
Gates and Fences Also Increase Home Value
When people think about gates and fences, they generally think about the backyard but that doesn’t have to be the only option when you’re looking to increase your home’s value. Driveway gates are all the rage now and they’re not just for your tech millionaires. There are affordable and attractive options available to homeowners that improve home security and increase property value.
If you are considering a new garage door, gate or home security windows, give us a call. We install and repair garage doors, windows and gates for the Sacramento area. We’d be happy to provide a free consultation.