Considering a Home Improvement Project? Consider What Will Give You the Best Return on Your Investment
If you’re considering remodeling your home or making a major improvement, there are a number of factors you’ll consider. You’ll likely start by considering what you most need. You may consider what will have the biggest impact. And you should also consider which home improvement projects are most likely to give you a significant return on your investment.
Today we’re looking at a report from Remodeling Magazine that breaks down the cost versus value of several home improvements. Read on to learn where garage door replacement falls and then give us a call at 855-343-3667 if you’re ready to schedule an appointment.
More about the report in question
The report we’re discussing today is Remodeling Magazine’s 2018 forecast. They use 2017 data and analyze 20 different types of project. Though your location within the country and within your community will change some of the results, they find that generally, a homeowner can expect to get back about 56% of the money they spent in additional value to their home. However, some projects are much better returns on investments.
The leading upscale projects
There were three upscale projects that had the highest average return on investment. First up was garage door replacement, which had an incredible 98.3% return on investment. Next up is adding a wooden deck, which had an 82.8% return on investment. Rounding out the top three is replacing vinyl windows, which had a healthy 74.3% return on investment. As you can see, these are impressive numbers all around but a new custom garage door is clearly a home improvement that’s worth the investment.
The leading midrange projects
When it comes to midrange projects, the top option is adding manufactured stone, otherwise known as veneer. This has a 97.1% return on investment, which is almost as high as replacing a garage door but not quite. Next up is replacing an entry door, which has a 91.3% return on investment. Finally, a minor kitchen remodel has a return on investment of 81.1%.
What do all the top performers have in common?
As you consider the projects that result in the best return on investment, you may notice that there’s one thing that most of them have in common: They’re all about curb appeal. While you do want a home that works for your needs inside, if one of your priorities when choosing a project is your return on investment, then there’s no question that working on your home’s curb appeal is the best way to do that.
We can help you boost your home’s curb appeal
At Dynamic Garage Door, we don’t just install any old garage doors – we offer custom doors, gates, shutters, and more. In short, we offer a wide range of products that can significantly boost your home’s curb appeal. Give us a call at 855-343-3667 to learn more or stop by our showroom.
