You can’t beat a good-looking exterior for curb appeal and value — at least according to Remodeling Magazine’s 2013 Cost vs. Value Report. Check out these home improvement projects that bring value to your home!
Famous for its durability and reasonable price, lightweight vinyl siding also is easy to install, which cuts labor costs. Manufacturers keep coming up with new colors that won’t fade, so there are more choices than ever. Good-quality vinyl siding will last 30 years or more.
National average cost: $11,192
Value at resale: $8,154
Percent of investment recouped: 72.9%
Fiber-cement siding is a popular choice for replacement siding. Although its initial price is higher than many other types of siding (it’s heavy and labor-intensive to install), the durability and stability of fiber-cement means less maintenance in the long run. It takes paint well, so you can have your choice of exterior paint colors. It’s also fireproof and rot-resistant.
National average cost: $13,083
Value at resale: $10,379
Percent of investment recouped: 79.3%
Steel Entry Door
Replacing an older entry door with a new steel model is the most cost-effective project in the 2013 Cost vs. Value Report. A steel door costs less than half of a similar fiberglass door. The steel outer layer is susceptible to denting; a brass kickplate (shown) helps protect the door from accidental dings.
National average cost: $1,137
Value at resale: $974
Percent of investment recouped: 85.6%
A new garage door is a great way to improve your curb appeal. Mid-range doors with steel veneer are readily available at home improvement centers, and come in many colors to complement your house. A skilled DIYer can install a garage door in a weekend.
National average cost: $1,496
Value at resale: $1,132
Percent of investment recouped: 75.7%
A deck is a cost-effective way to increase your living space and is a great way to enjoy the outdoors when the weather is nice. A simple deck using pressure-treated lumber is a good DIY project and saves up to 50% of a professionally built deck. Clean and seal your deck annually to keep it in great shape.
National average cost: $9,327 (professionally built)
Value at resale: $7,213
Percent of investment recouped: 77.3%
FIND MORE ROI HOME IMPROVEMENT IDEAS HERE!
If you’ve been waiting for just the ‘right time’ to put your home on the market, the time is now. There could not be a more ideal environment for a property SELLER right now. Buyers are taking advantage of low interest rates and the inventory of existing homes on the market is so low that we are seeing more multiple offer situations.