For homeowners that want to add value to their home as well as increase its energy efficiency and curb appeal, home improvements are an ideal way to accomplish these goals. Remodeling projects can be costly, however, and while new additions, new flooring, and new bathrooms are usually top of mind for homeowners, there are certain exterior projects that often provide a better return on investment (ROI). If you’re planning a home improvement project, read on to learn what remodeling jobs provide homeowners with the most bang for their buck.
Exterior Remodeling Projects that Deliver Great ROI
Many homeowners have been conditioned over the years to believe that the best home improvements are kitchens and bathrooms. While these are certainly valuable, some exterior home improvement projects rank higher as far as the return on investment that they deliver. The best exterior projects often include new windows, vinyl siding, new roofs, and entrances. By improving curb appeal and energy efficiency, these projects help add value to your home while increasing its overall functionality.
A garage door replacement is one of the best exterior projects you can undertake and can lead to as much as a 93% ROI. New garage doors are not only attractive but also increase energy efficiency, helping to keep your home warmer during cold winter months. A garage door replacement can usually be completed in as little as a day, and because of its prominence, usually ends up adding significant curb appeal and value to your home.
New vinyl windows can pay big dividends for homeowners. Vinyl is the new standard when it comes to new exterior window installation, as new vinyl windows are better insulated, more energy-efficient, and typically easier to maintain than older styles of windows, such as wood.
Older wooden windows are prone to rotting, warping, and becoming discolored over time. They cut into energy efficiency by letting heat escape and are also vulnerable to pest infestations. All these factors also lead to increased maintenance costs over the lifetime of wooden windows too. In contrast, vinyl windows are easy to clean, do not warp or rot over time, and don’t require painting as wood replacement windows do.
While new vinyl windows are an investment, they are one of the best exterior home improvement projects you can undertake for ROI, leading to an average of 73% return on your investment. Not only are vinyl windows energy efficient and easy to maintain, but they also look great too.
When new siding is installed on a home, it adds value to the property while transforming its exterior. Replacing old, warped wood with new vinyl is not only more affordable than other exterior options, but new vinyl also has insulating properties that can help with energy efficiency for your home’s interior. Vinyl siding is a good home improvement option because it’s durable, inexpensive, and low maintenance. It can also deliver up to 68% ROI.
Asphalt Shingle Roof
A new roof not only adds new value to your home but also protects its interior from the elements. New asphalt roof shingles are especially popular because they provide protection from elements such as rain, wind, and hail, but can also survive fire damage. They’re available in a variety of architectural styles, and owners can typically recoup about 60% of their investment with a new asphalt roof.
Popular Interior Home Improvement Projects
Minor Kitchen Remodel
Minor kitchen remodels often see the customer increasing their new kitchen’s value by as much as 72% of what they originally spent on materials and labor. Kitchens are typically the most popular area of a home, and especially when reselling, an updated kitchen can make a big difference in obtaining top dollar for your home. This is because new kitchens have a certain “wow factor” that can boost your home’s resale value even if you’re simply updating cabinets, lighting, or plumbing fixtures.
For homeowners that have saved up enough to undertake a new bathroom remodel, new bathrooms can add significant resale value to your home. Bathrooms are the second most popular room in the house for updating (following the kitchen) and a new bathroom can recoup about 60% of its investment. While bathroom remodels are not cheap, they’re typically money well spent.
For homeowners looking to improve the aesthetic quality, functionality, as well as the energy efficiency of their home, there are many projects that will deliver great ROI. Kitchens and bathrooms are always at the top of the list for interior improvements and on the exterior, new garage doors and vinyl windows are two of the best ways to add value.
If you’re considering replacing your windows, Optimal Windows are the window installation experts in the Dallas/Plano area. We provide comprehensive window consultations and are dedicated to complete customer satisfaction. To learn more about our replacement windows and patio doors that are available for Dallas homes, call us at (972) 768-1999.