As a Realtor, people always ask me what the top returns are in remodeling projects for the home.
Here they are with their associated percentage of return on investment:
1.New Steel front door: 96.6%: Offers greater security as well as better insulation resulting in energy savings.
2.Exterior work: 97%: Biggest bang for your buck. Don't forget the importance of first impressions.
3.Addition of square footage: 71.8%: Adding more space = adding more value.
4.Bathroom remodel: 74%: Especially when using energy efficient toilets and shower heads.
5.Basement remodel: 77.6%: Along the same lines as added square footage, especially if you are able to add a suite.
6.Window replacement: 77.3%: Offers better insulation resulting in energy savings.
7.MINOR kitchen remodel: 74.2%: Careful not to go overboard. Minor remodel means minor remodel, not gutting!
8.Garage door replacement: 83.7%: Only if it is beat up and/or highly visible.
9.Attic bedroom conversion: 84.3%: Especially valuable if you are able to add even a half-bath.
10.Wood deck: 87.4%: Entertaining is back in the mainstream. Build in benches and or garden beds!