As a homeowner, you’re probably considering remodeling your home because you want it to be more beautiful and functional. That’s okay. After all, these are the benefits of the best home remodeling projects.
However, you also have to consider how it’s going to help improve your home’s resale value. Even if you’re not really planning on selling your home, it would help a lot if you’re going to plan for the future which includes choosing a home remodeling project that can improve your home’s resale value.
Obviously there will be a lot of factors in play. But still, it would be nice to know the estimated increase in resale value that can be achieved with the best home remodeling projects.
3 of the Best Home Remodeling Projects when it Comes to Increasing a Home’s Resale Value
There are a lot of home remodeling projects out there. However, it’s hard to beat these 3 when it comes to increasing a home’s resale value:
- Garage door replacement
One of the best things about this project is it only costs $1,595. That’s the average job cost. What’s even better is it can increase a home’s resale value by $1,410. That’s 88.4% of the average job cost which means that you’ll be able to recoup almost 90% of your investment later on when you sell your home.
- Vinyl siding replacement
Vinyl siding is the most popular siding option. It comes with a lot of benefits which make the $12,013 average job cost worth it. As a bonus, it will help increase your home’s resale value by $9,694 which means that you’ll be able to recoup 80.7% of your investment.
- Wooden deck addition
Having a wooden deck can improve your home’s appeal. This is why a lot of homeowners are more than willing to make the $10,048 investment. This is especially true since it can increase your home’s resale value by $8,085 for a cost recouped of 80.5%
Obviously, you wouldn’t be able to recoup 100% of your investment. It doesn’t work that way. However, you have to consider the fact that once done, you’ll be able to benefit from these home improvement projects. This is why you’ll feel that the investment is worth it because of the benefits. That’s the present return on your investment.
This is why it’s just a bonus that you’ll be able to recoup a good part of your investment later on. You benefit from them now and you’ll benefit in the future. This is why these home improvement projects are worth it provided that you have them done by a good contractor.
Other Home Remodeling Projects
There are a lot of other home remodeling projects that can increase your home’s resale value. You can check out 14 of the best home remodeling projects to increase a home’s resale value at the infographic provided by ContractorQuotes.us. Check it out and choose the best one according to your needs and preferences.