Best Home Improvements to Increase Value

What are the best home improvements you can make to increase the Value?  That is a great question that we hear all of the time.  Today we will look at ten renovations that reap returns on investment.  Very few improvements return 100%, so don't set your expectations too high.  It is also important not to over-improve your house compared to the surrounding neighborhood.  

What are the top 10 renovations that reap returns?

Steel Entry Door Replacement

Job Cost: $1,137

Resale Value: $974

Cost Recouped: 85.6%

 

Garage Door Replacement

Job Cost: $1496

Resale Value: $1,132

Cost Recouped: 75.7%

 

Wooden Window Replacement

Job Cost: $10,708

Resale Value: $7,852

Cost Recouped: 73.7%

 

Vinyl Siding Replacement

Job Cost: $11,192

Resale Value: $8,154

Cost Recouped: 72.9%

 

Wood Deck Addition

Job Cost: $9,327

Resale Value: $7,213

Cost Recouped: 77.3%

 

Minor Kitchen Remodel

Job Cost: $18,527

Resale Value: $13,977

Cost Recouped: 75.4%

 

Attic Bedroom Addition

Job Cost: $47,919

Resale Value: $34,916

Cost Recouped: 72.9%

 

Vinyl Window Replacement

Job Cost: $9,770

Resale Value: $6,961

Cost Recouped: 71.2%

 

Major Kitchen Remodel

Job Cost: $53,931

Resale Value: $37,139

Cost Recouped: 68.9%

(note the project values above are based on national averages)

 

According to Zillow, when you're preparing to sell, you should plan to make a couple of improvements before listing.  Zillow's research conducted by The Harris Poll in November 2022 finds that 65% of sellers who have sold a home within the past two years take on at least two home improvement projects to prepare their house for sale.  And nearly one-third of recent sellers surveyed think they could have gotten a higher price for their home had they made more home improvements or repairs before selling. 

 

Want more information?  You can view the complete report here.