20 Home Renovations That Instantly Add Value to Your Home
These home renovations are so worth the upfront expense.
Loose fill attic insulation
Adding attic insulation remains at the top of the list on a national average with a 107 percent cost recoup. It’s the only project that recoups the cost and adds to the resale value. The cost of installing loose fill fiberglass insulation has risen by 5.9 in the past year. Insulating an attic will also save money on energy costs.
Manufactured stone veneer
A manufactured stone veneer project remains high on the list of valuable home updates as well. An average of 89.4 percent of the cost of the remodeling project is recouped in resale value. Don’t miss the 32 ways to save during a home renovation.
Minor kitchen remodel
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People can go wild with kitchen remodeling projects but they don’t need to do that. A minor kitchen remodeling project recoups more of the cost than a major one. A minor kitchen remodel had an average cost of $20,830 and of that, $16,699 was recouped for 89.4 percent. A major kitchen remodel project with an average cost of $62,158 returned about $40,560 in resale value for 65.3 cost recoup percentage.
Garage door replacement
Replacing a garage door is big for curb appeal and it’s also big on its ability to recoup the cost of the project. A garage door replacement is one of the cheaper projects with an average cost of $1,749 but it also returns an average of $1,345 in resale value. Find out the 14 things you shouldn’t buy in a home-improvement store.
Fiberglass entry door replacement
On the list of upscale remodeling projects, a fiberglass entry door replacement recouped 85 percent of the cost. Just don’t fall for the 12 home renovations that you’re likely to regret later.
Appraisers typically look at the structural elements of a home as part of their process and siding usually plays a part in that. A siding remodeling project carried an average cost of $14,518 and recouped 76.4 percent of the cost.
Aging-in-place or universal design is gaining traction among baby boomers who’d rather continue to live in their homes than have to move later in life. Universal design involves reworking a home so it functions for wheelchair mobility and adds safety features like grab bars in convenient places. The recoup rate is 68.4, according to Remodeling Magazine.