There are so many great home improvement ideas out there, it’s hard to just choose a few when thinking of the best home improvement projects to increase your home’s value.
Replace your roof
A study by Remodeling.com determined that homeowners can recoup close to 60% of the cost of their roof replacement project when they sell their home. The national average for an asphalt shingle roof replacement in the United States is approximately $32,000 and at resale this figure adds about $19,000 to the home’s value. This clearly makes a roof replacement one of the best home improvement projects to increase your home’s value.
Add a fun outdoor element
Whether this is as popular as a pool or as unique as a backyard gazebo, adding a fun outdoor elements is one of the best home improvement projects to increase your home’s value! Think of things that you would find valuable additions to a backyard and consider those. If it’s something as big as an inground pool, this can increase your home’s value on average 7-8%, or higher depending on location.
A pool can be a good addition as long as you assess the cost and evaluate if this project will add significant value to your specific home based on geography, weather, and other impeding elements. Although the average percentage of monetary value for a house may be a smaller increase, studies say that 62% of homeowners wouldn’t consider a house without a pool.
Something else that can be a nice addition to your home and adds significant value. Depending on how much you invest in the patio it can increase your home’s value by thousands of dollars.
Some of the best home improvement projects to increase your home’s property value may be things you don’t expect
Boost your curb appeal
This may seem like an obvious one, but boosting your curb appeal really is one of the best home improvement projects to increase your home’s value. It’s amazing what a fresh coat of exterior paint, some trimming of the hedges, and a new front door for example can do for your home’s appearance! Adding curb appeal is an essential aspect of home improvement projects to increase your home’s value. In fact, just planting some new grass seed can go a long way and do wonders for your house’s curb appeal!
Garage door replacement
One of the best home improvement projects to increase your home’s value is to have a new garage door installed. Adding a new garage door can increase efficiency, energy and your house’s curb appeal with almost 95% of the cost recouped!
New Siding and windows
Having your siding and windows replaced can increase your home’s value tremendously.
Although this can be a big project, it is well worth the investment in the long run. According to Remodeling, fiber cement siding replacement can recoup nearly 68% of your investment, while vinyl siding is just below at about 67%.
None of the figures found in this article are estimates designed for a particular project, rather they are national cost averages designed to be benchmarks. Cost estimates and recoup value for the best home improvement projects to increase your home’s value are sourced from Remodeling’s Cost Vs Value Study, which can be found here.
Guaranteed Roofing is an expert, trusted roofing contractor located in Northeastern Connecticut but serving the entirety of Southern New England. Our dependable team of trained roofers are here to help you transform your home all while increasing your homes property value. Contact our friendly staff today to help you get the exterior home improvement project complete!
