July 29th, 2017 11:59 AM by Jackie A. Graves
Not all home improvements are created
equal. These will reward you the most when it comes time to sell.
home is in the perfect location, came at the perfect price, with the perfect
lot. (Yay southern exposure!)
But the home itself? Perfect
isn’t the adjective you’d use. But you knew that moving in, and now you’re
ready to start making it just right.
But where to begin? How
about with data? Data is that friend who tells you like it really is.
while any home improvement that brings you joy is priceless, not
all add as much home equity as you might expect.
National Association of REALTORS®’ 2015 Remodeling Impact Report and 2016 Remodeling Impact Report: Outdoor Features (full
disclosure: NAR is a sponsor of HouseLogic.) have tons of data on how much
improvements cost — and how much of those costs you can recoup.
Here are the best seven home
remodeling projects with equity-building might:
one might be a bit of a surprise. (Maybe you expected a major kitchen reno to top the list.)
But if your yard is one of your
home’s imperfect parts, a little color and a touch of hardscaping can make a
huge difference to your curb appeal, which is a great immediate equity-booster.
What does a basic landscaping
A 15-foot-tall deciduous tree
A flagstone walkway
Two 6-by-2 stone planters
The cost: $4,750
The return: 105%
If you find yourself sprinting
for the buckets when it starts to sprinkle, getting a new roof should be your
No. 1 to-do. Measuring rainfall from the indoors isn’t cool.
The cost: $7,600
The return: 105%
Considering it’s what’s between
you and the elements, it’s a no-brainer.
Not sure if you need a new
roof? Signs you might include:
Shingles are missing, curling up, or covered in moss.
Gritty bits from the asphalt shingles are coming out the
The sun’s shining through your attic.
You notice stains on ceilings and walls.
Your energy bill is sky high.
You flip on the TV to see that
your fave home reno-ing duo is it at again, flipping a ranch that’s stuck in
They make it to the living
room, pull back the dingy carpet to reveal hardwood floors in great condition.
They’re psyched — and for good reason.
Hardwood floors are a timeless
classic. Refinishing is a no-brainer. Neither will you regret adding new
hardwood floors if you have none.
The cost to refinish: $2,500
The return: 100%
The cost to buy new: $5,500
The return: 91%
If your home is your castle,
your yard is your kingdom. After giving your yard a much-needed overhaul, you
need a place to watch over you handiwork. How about that deck or patio you’ve
been dreaming of?
The cost of a patio: $6,400
The return: 102%
The cost of a deck: $9,450
The return: 106%
Insulation is tucked out of
sight, so it’s often out of mind — that is, until you’re forced to wear your
parka indoors because it’s sooo darn cold.
The cost: $2,100
The return: 95%
at $2,000 plus the added savings on heating and cooling costs
No surprise that a garage door
replacement project made it onto this #winning list — a new garage door
provides a big boost for your home’s curb appeal at a relatively modest
The cost: $2,300
(for a two-door)
The return: 87%
are options galore, too. A host of factory-finish colors, wood-look embossed
steel, and glass window insets are just some of the possibilities that’ll give
your doors bankable personality.
In any color! And never paint
Those are two of the three
benefits of vinyl siding. The third, of course, is your home’s value.
But if long-time homeowners
look at you funny when you mention vinyl siding, just tell them that today’s
vinyl is way better than what they remember because of fade-resistant finishes
and transferable lifetime warranties.
The cost: $12,000
The return: 83%
fiber-cement siding instead? It also shows a strong payback of 79%. Although
it’s the pricier option — you’ll spend $19,100 — it has one thing vinyl still
lacks — the perception of quality.
And quality matters. In a
survey from the National Association of Home Builders (NAHB), “quality” was the
one of the most important traits that home buyers focused on when house
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