|January 31, 2013|
For most Portland homeowners, home remodeling projects aren’t just a way to liven up a stale living space, they’re also a great way to add to your home’s overall resale value. But not all home improvement projects pay off in the long-run. Some projects recoup so little of the job cost that they might not be worth the initial investment. With all the different improvement projects out there, how are Portland homeowners to know which ones are worth the investment?
Luckily for you, the fine folks at Remodeling Magazine recently released their 2013 Cost vs. Value Report. This annual report looks at the average costs of 35 different home remodeling projects and compares them to the projects’ resale value. The following are the top five home remodeling projects that recoup the largest amount of the project cost upon resale.
1. Steel Entry Door Replacement
Your front door is one of the first things perspective buyers notice about your house, and installing a new one can give your home a whole new look. It also happens to be one of the least expensive projects you can undertake and sees the highest amount of cost recouped.
2. New Hardwood Deck
Who doesn’t love a good hardwood deck? Adding even a modest 16-by-20-foot deck can really up the resale value of your home. Make sure to add stairs and a railing system. Oh, and a built-in bench or planter box couldn’t hurt either.
3. Garage Door Replacement
There are few things more annoying than a malfunctioning garage door. By replacing your garage door you are adding both improved functionality and improved visual appeal to your home.
4. Minor Kitchen Remodel
The key word here is minor. You don’t want to dump a ton of money into a kitchen-remodeling project that doesn’t add much value to your home. Instead, make lower-cost cosmetic changes that improve the look of the kitchen, such as replacing cabinet fronts, installing a mid-priced sink, and repainting. If you have the budget for it, consider replacing old kitchen appliances for new energy-efficient models.
5. Window Replacement
Replacing your old windows with new, insulated ones will add to the aesthetic appeal of your house as well as make the house more energy-efficient. Make sure to match the exterior trim to the overall look of your house.
Improvement Remodeling is proud to offer these and many other remodeling projects to Portland homeowners! Give us a call today to discuss adding beauty and value to your home through a home improvement project.