4 Home Renovations That Return The Most At Resale.

Renovations can make us more happy but can also add some real value to your home when it is time to sell. Since some upgrades such and kitchens and decks can get costly, it is helpful to know what to expect as a return on your investment.

 

Here are the four home remodeling projects that delivery the highest returns:

 

Minor Kitchen Remodel

 

  •     Average cost: $22,507
  •     Average resale value: $18,123
  •     Cost recouped: 80.5 percent

 

Creating an up to date and functional kitchen can add a lot of value to your home plus boost your enjoyment of the space. On average you can recoup a little more than 80% of the cost of your kitchen remodel. Minor kitchen remodels may include, upgrading appliances with more energy efficient models, reface cabinets with shaker-style wood panels, install new counter tops, replace hardware, install new sink and/or faucet, a new coat of paint, or new flooring.

 

Deck Addition

 

  •     Average cost: $13,333 (based on 16' x 20' deck)
  •     Average resale value: $10,083
  •     Cost recouped: 75.6 percent

 

If you have a big yard at home maybe it is time to consider adding a wooden or Trex deck as an extra enhancement to enjoy outside your home. Adding a deck to your home could give you about 75% return on your initial investment come sale time.

 

Replace Siding

 

  •     Average cost: $16,036
  •     Average resale value: $12,119
  •     Cost recouped: 75.6 percent

 

Old siding can make even the nicest house look worn out or unloved. For the average home, replacing 1,250 sq. ft. of siding will cost you about $16,000 but you will get back about 3/4 of what you invested into it. This upgrade includes factory trim at the corners and openings.

 

Replace Entry Door (Steel)

 

  •     Average cost: $1,826
  •     Average resale value: $1,368
  •     Cost recouped: 74.9 percent

 

You will recoup nearly 75 percent of your cost by replacing your main entry door with a 20-gauge steel door, complete with clear dual-pane half-glass panel, jambs and an aluminum threshold with composite stop. These doors come factory finished with the same color on the front and back sides.