The 5 Best Home Improvement Projects for Your Money

thumb_winter-renovations

My boyfriend and I are looking to buy a house and we’ve noticed that the listings all a have a lot in common when it comes to what has been replaced. This got me thinking what renovations should you do to see the highest return when you sell. I did some searching online to see what renovations would make the list. Here is some information I got from Remodeling magazine’s Cost vs. Value Report
  • steel-door-imgSteel front door: This renovation not only create a revamped look for the entrance but many of them have magnetic weather-stripping to help cut down on your heating bill. On average nearly 129% of the project’s cost is recouped when they sell the home. Although this made the list at #1 putting a steel door doesn’t work with all houses.
  • 8-attic-spaceAttic bedroom: This renovations is one of the cheapest when it comes to adding more living space. Because the room is already there you don’t have to pay for foundation work and everything that goes along with that. You can expect ro recoup around 83% of the project’s cost when you sell the home.
  • New-Wood-DeckWood deck: This addition to your house will give you usable space in your back yard that will make you feel like you have more livable space. Potential buyers will see the deck as an economical way to enjoy time outside while still having fun. You can expect to recoup 81% of the project’s cost when you choose to see your home.
  • siding1replacing vinyl siding: This renovations makes your house look new again, like a face lift. There are so many options to choose from now and the project is much cheaper than replacing brick. This also makes an older home more attractive to a potential buyer. You can recoup around 80% of the project’s cost when you sell the home.
  • installing-replacement-windowsreplacing wood windows: This is a no brainer if you want to save mony on your heating bill. By replacing older wood windows that are single pained glass with new high-efficiency double pained windows you’ll save money in the long run on heating bills. This also can be appealing to home buyers depending on the style and era of the home. You can expect to recoup about 77% of the project’s cost when they sell the home
If you are thinking of selling your home or buying a new one you should take a look at the GPL’s Business & Career Bank blog, gplmarco has been posting some great info on mortgage rates and the housing market.
Books that can help
Great windows and doors: a step-by-step guide
How to replace & instal windows & doors by T. Jeff Williams
Deck planner: 25 outstanding decks you can build by Jim Bauer
Attics, dormers, and skylights
Make it right. Attics and basements by Mike Holmes
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