What’s the Return on Your Home Improvement Dollars?

June 1, 2024

Home improvement projects will not only make your space feel brand new but will help add value to the home for when you decide to sell it later. But which remodeling projects are actually worth the investment?

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, your real estate agent will be happy to recommend any repairs or improvements you’ll need to make to get the highest return on your investment.

Alternatively, if you’re planning to buy a home, they can help you prepare so you’ll be ready to make a winning offer.



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