10 Home Improvements With a High Return on Investment
For many homeowners, improving their home’s is a top priority. Home improvements can be an excellent way to make a house more comfortable and enjoyable. But with so many different projects to choose from, it can be challenging to know where to start. Below are 10 home improvements with a high return on investment.
- Siding Replacement
If the siding on your home is in poor condition, you may want to consider replacing it. Replacing your home’s aging siding with new and improved siding is a great way to improve the look of your home. When you go to sell, new siding will often pay for itself, having one of the highest ROI of all home improvements. Siding does much more than make a home look beautiful. Siding protects your home from harsh elements like strong winds, damaging hail, UV rays, and extreme cold temperatures. Some types of siding perform better and are longer lasting than others, but fiber cement and premium vinyl remain the standouts highlighted in the Cost vs. Value report. Both are available in a vast array of styles to compliment your home’s architectural design. According to a 2022 Cost vs. Value report the national average fiber cement and vinyl siding ROI is nearly 70 percent of the initial project cost.
- New High-Efficiency Windows
Replacing old windows with new high-quality, energy-efficient ones can significantly improve your home’s value and year round comfort. The return on investment for upgrading windows with improved modern windows is generally high, and prospective buyers will appreciate the upgrade and lower energy costs. Whether you’re purchasing premium windows for a new build or to replace old and inefficient windows, high-efficiency windows are a great investment. According to The U.S. Department of Energy leaky windows are responsible for 25%–30% of residential heating and cooling costs.
- Add Attractive Landscaping
Curb appeal says a lot about your home. Your home’s landscaping, or lack of it, can impact your home’s worth. Adding attractive landscaping can help make your house look fresh and appealing. Adding beautiful new landscaping doesn’t have to be expensive or elaborate. Trees can add up to a whopping $9,000 to your home’s value, but you should plant them a good distance from the septic system, driveways, and your home itself to prevent any potential problems from roots and tree debris. Planting colorful flowers on each side of the walkway or along the front of your front porch will add instant charm and boost your home’s curb appeal. Keeping your lawn mown, trees pruned, and weeds pulled, along with colorful seasonal flowers, will add an amazing amount of curb appeal and value to your home.
- Updated Kitchen Appliances
Needing to replace old appliances is a major deal breaker for some buyers. Outdated kitchen appliances are at the top of home buyers’ must-haves. Replacing older appliances, especially the major ones like the refrigerator and stove, with newer and more efficient ones will often lead to a higher selling price. The return on investment is often worth the expense and will make your home stand out from others on the market.
- Replace Exterior Doors
A new exterior door is a fast and simple home improvement project that can make a huge difference in your home’s curb appeal. An attractive new front door can make a positive first impression and comes with a hefty ROI of around 90%. Look for doors offering high performance and heat resistant technology that provide durability and beauty.
- New Flooring
Studies indicate that new flooring can yield an amazing average ROI of 300%. Replacing worn and outdated flooring with spectacular new and modern flooring adds significant value to your home for years to come.
There are various types of flooring on the market, but one simple thing to remember to increase the value of your home is to make the flooring in the main living areas the same. Bedrooms and bathrooms are the exceptions, but it is best for these areas to have identical flooring. Several different types of flooring break up your home’s living space making it appear smaller than it really is.
- Updated Bathrooms
A bathroom remodel not only makes your home more functional and aesthetically pleasing but it also considerably boosts the value of your home. A bathroom remodel is a smart financial decision when wanting to upgrade your home and get a nice ROI. The average cost of a mid-range bathroom remodel is approximately $27,000, according to the Remodeling 2022 Cost vs. Value Report. And homeowners can expect to recoup nearly $16,000 of that cost at resale for an ROI of nearly 60 percent.
- Fresh Paint
Sometimes a fresh coat of paint is all it will take to give your home’s interior a sensational and refreshed look. If you are handy, painting is also a great DIY project. When putting your home on the market, painting in neutral colors such as whites, grays, or creams will give the feeling of a larger and clean space.
- Garage Door Replacements
Homes with front-facing garage doors can benefit from a garage door replacement. The return on investment will make the expense of a new garage door well worth it. Old garage doors can be an eyesore, especially when trying to sell your home. New garage door upgrades are also essential if your garage doors are not working well. An updated garage door can make your home stand out from all the others in the neighborhood. According to Remodeling’s 2021 Cost vs. Value Report, you can expect a 93.8 percent ROI making it an excellent value.
- Adding a High-Quality Deck
Outdoor living spaces are a hot item on many home buyers’ wish lists. Adding a low- maintenance deck to your home is a smart way to increase your home’s value. Composite decking is a popular option, requiring less maintenance than wood decks. Azek Building Products are excellent choices for your decking needs. They offer a capped cellular PVC decking that has the beauty of wood without the maintenance and upkeep of natural wood. All of the Azek collections are stain and scratch resistant, making them low-maintenance. Adding a beautiful deck to your home will give your family the perfect outdoor entertainment area and be a great selling point if you sell your home in the future.
Work With Exterior Restoration Experts
Banner Construction has been in business since 1993, beautifying homes throughout St. Louis and St. Charles Counties. We provide exterior restoration and replacement services, including James Hardie fiber cement siding, premium vinyl siding, premium window replacements, and low-maintenance PVC decks. We install capped PVC decks made with TimberTech AZEK™ Building Products. These decks provide the beauty of wood without the associated maintenance and upkeep.
Banner Construction is proud of our outstanding reputation for excellence in customer service and performance. We have received the Guidemaster Award for Excellence several years in a row. This award is for reliable service and on-time and on-budget performance. 94% of our clients say they are likely to recommend us. Contact us online or call 314-356-9861 to schedule a free consultation.