Remodeling your entire home is a daunting task. You’re likely overwhelmed with ideas or you’re being bombarded with advice from others. The biggest obstacle is often knowing where to begin and sometimes determining which has the highest ROI (return on investment) is a good place to focus your attention on first.
There are certain home exterior projects you can tackle that produce consistently high ROI, including new windows and a roof replacement. While these projects may not seem as exciting as say a bathroom or kitchen remodel, new windows generate a higher ROI than both of those popular interior renovations.
It’s important to focus on projects that produce a high ROI, as it may mean the difference between an okay rehab and an excellent one, so be sure to choose your remodels wisely.
Roof Replacement
A roof replacement is an excellent project to start with as a new roof increases home value, dramatically boosts curb appeal, and improves energy efficiency therefore reducing your heating and cooling costs.
While a new roof is a significant investment, it can increase the resale value of your home by approximately $12,000. It’s also estimated that homeowners can recoup an average of almost 63 percent of the installation cost through the increased home value. This puts a new roof in the lead over a bathroom remodel in terms of ROI.
Window Replacement
Window replacement has consistently earned a spot at the top of the list as one of the highest ROIs projects. For example, mid-range vinyl windows can return 77 percent or more of their initial cost at resale. New windows made of wooden materials have an even higher ROI at almost 79 percent.
New windows have so many incredible benefits that it’s nearly impossible to list them all. Some of the most noticeable include improved energy efficiency, reduced noise in your home, better overall comfort, enhanced home security, and they require less upkeep and are easier to maintain than older windows.
Vinyl Siding
Replacing old, tattered vinyl siding with fresh new siding is an excellent project to tackle for homeowners wanting to see a quick return on their investment. Mid-range vinyl siding has been estimated to recover 80 percent or more of the initial cost. New siding will instantly transform the look of your home, dramatically boosting curb appeal and property value. No one wants to stare at cracked, ugly siding. Outdated siding is more than an eyesore, and can also be damaging to your home. Cracked siding can invite unwanted air drafts, pests, dirt, and water into your home. Spruce up the style of your home with new siding, and experience all the many benefits new siding has to offer, including improving the energy efficiency of your home and potentially saving you money on utility costs while dramatically changing your curb appeal for the better.
Front Door Fix
One of the most surprising home exterior projects that provide an impressive ROI is a front door replacement. For example, a steel entry door has been estimated to return approximately 101.8 percent of their initial investment, meaning homeowners are getting back more than they spent on the door when they sell their home.
If you’re looking for a quick and easy way to transform the exterior look of your home, few home improvement projects compared to a front door replacement.
Which Project Will You Choose First?
Selecting the right home exterior projects will instantly boost curb appeal and property value, making you feel confident about your investments. For a successful home remodel, begin by contacting Armorvue Home Exteriors. For over 75 years we have been helping homeowners in this community make their homes look great. Let’s talk about how we can do the same for you.
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