Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with ROI in mind is a smart move. Your home is a huge financial investment, and any money you put toward it should not only increase your enjoyment of the home now but also add value that you’ll recoup when you sell.
According to the Zillow Group Consumer Housing Trends Report 2020, the average seller makes 2.3 renovations or improvements to prepare to sell, and 79% of sellers make at least one home improvement. Only 21% of sellers list their home as-is.
Best ROI home improvements in 2021
If you’re contemplating investing in a major remodeling project, the following 10 home improvement projects provide the best return on investment for homes nationwide, according to Remodeling Magazine’s 2021 Cost vs.Value Report.
1. Garage door replacement
- Cost: $3,907
- Resale: $3,663
- Recoup: 93.8%
2. Manufactured stone veneer
- Cost: $10,386
- Resale: $9,571
- Recoup: 92.1%
3. Minor kitchen remodel
- Cost: $26,214
- Resale: $18,927
- Recoup: 72.2%
4. Deck addition (wood)
- Cost: $16,766
- Resale: $11,038
- Recoup: 65.8%
5. Siding replacement (vinyl)
- Cost: $16,576
- Resale: $11,315
- Recoup: 68.3%
6. Entry door replacement (steel)
- Cost: $2,082
- Resale: $1,353
- Recoup: 65.0%
7. Window replacement (vinyl)
- Cost: $19,385
- Resale: $13,297
- Recoup: 68.6%
8. Siding replacement (fiber-cement)
- Cost: $19,626
- Resale: $13,618
- Recoup: 69.4%
9. Window replacement (wood)
- Cost: $23,219
- Resale: $15,644
- Recoup: 67.4%
10. Deck addition (composite)
- Cost: $22,426
- Resale: $14,169
- Recoup: 63.2%
Read Full Article [Source: www.zillow.com]
