The Best Home Improvements to Add Resale Value
Home improvements can make life on your property easier, more convenient and sometimes even more affordable. If you choose the right projects, they can also mean more profits when it comes time to sell.
All home improvement projects aren’t created equally, especially when it comes to resale value. According to Remodeling’s Cost vs. Value report––if you want to get the most out of your improvement projects––you should be focusing on these 8 projects.
Replace Your Garage Door
- Cost: $3,470
- Resale value added: $3,411
- Total cost recouped: 98.3%
A garage door replacement basically pays for itself, according to statistics. Not only does it add over $3,400 in resale value to your property, but it also can enhance curb appeal, making it easier to market your home and attract future buyers.
Add Stone Veneer Siding
- Cost: $8,221
- Resale value added: $7,986
- Total cost recouped: 97.1%
Do you have dated vinyl siding on your home? Consider swapping it out with manufactured stone veneer, and give the exterior a serious upgrade. Stone veneer not only looks better, but it can also help the home better withstand harsh weather conditions and make your property more marketable (and better-looking in listing photos).
Install a Steel Front Door
- Cost: $1,471
- Resale value added: $1,344
- Total cost recouped: 91.3%
Replacing your existing front door with a steel one can be a great way to add curb appeal, while also making the home safer and more secure — both perks for potential buyers. Consider choosing a steel door with decorative options, like glass paneling, a metal doorstop or paint to match your home’s existing shutters or trim.
Add a Wood Deck Out Back
- Cost: $10,950
- Resale value added: $9,065
- Total cost recouped: 82.8%
Score serious resale value as well as some nice R&R time by adding a wood deck to your backyard. Though decks are one of the costlier projects on this list, they can mean $9,000 more when it comes time to sell. Just make sure to add railings, pressure-treat the wood, and seal it to protect it from the elements.
Remodel Your Kitchen
- Cost: $21,198
- Resale value added: $17,193
- Total cost recouped: 81.1%
A minor kitchen remodel recoups more of its value than a full-scale overhaul does, so try to keep it simple. Upgrade your cabinetry, replace the countertops with quartz or marble, and install new, energy-efficient appliances. Adding tile flooring or a farmhouse-style sink can also increase appeal while upping your home’s value.
Replace Your Exterior Siding
- Cost: $15,072
- Resale value added: $11,554
- Total cost recouped: 76.7%
Not up for the stone veneer siding? Consider upgrading to new vinyl or Hardie siding instead. Though the full replacement could cost you upwards of $15,000, you’ll get nearly $12,000 of that back upon sale. An added bonus? Your home will look newer than ever.
Swap Out Your Windows
- Cost: $15,955
- Resale value added: $11,855
- Total cost recouped: 74.3%
Upgrading your windows can add nearly $12,000 in resale value to your home. If you choose tinted or double-paned ones, it might even help you save on future energy costs as well (which could be a big selling-point for budget-conscious buyers).
Update Your Bathroom for Accessibility
- Cost: $16,393
- Resale value added: $11,581
- Total cost recouped: 70.6%
Adding accessibility features to your bathroom — upgrades that can make life easier for disabled, handicapped or older buyers — can add nearly $12,000 to your resale value. Projects can include things like installing a curbless, walk-in shower, adding radiant-heat flooring, upgrading to adjustable mirrors and showerheads, and installing grab bars and wheelchair-height switches. If upping the accessibility of your space doesn’t seem appealing, a general bathroom remodel can also improve your home’s value.
It will run about $19,000, and you’ll recoup 70% of that upon resale.
Steer Clear of the Wrong Projects
Almost as important as choosing the right projects is avoiding the wrong ones––especially those that will actually hurt your resale value when you eventually list the home. Anything that is super bold (think bright green shutters or hot pink tile), personalized or unique to your tastes can definitely detract from the property’s value and make it harder to sell your home.
As a general rule, keep your upgrades sensible and practical, and choose colors, materials, and fittings that will appeal to a broad range of future buyers. If it's too trendy or too custom-fit, it will likely alienate some buyers when you're ready to sell.