Top Renovations with the Highest ROI

Dated: April 19 2021

Views: 18

At the start of every year, Remodeling Magazine releases its Cost vs. Value report to consumers, letting them know which projects will help them recoup the most money when they sell their home. 

Now that the spring real estate season has started, there are many homeowners wondering if they should make some repairs and updates to their home before putting it on the market.

Instead of playing the guessing game of what renovations to make in your home, here is a list of the Top Renovations in Texas that are providing the largest return on investment. 

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Manufactured Stone Veneer

Manufactured stone veneer has been popping up in neighborhoods all over and for good reason. Not only does it look amazing, but it’s also extremely cost-effective. The material is a siding made from concrete that mimics the look of real stone, and the project nearly pays for itself. 

Job Cost: $9,357

Resale Value: $8,943

ROI: 95.6%

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Garage Door Replacement

Replacing the garage door may not be the first thing that comes to mind when deciding on home renovations, but by replacing an old, damaged door with a new one, you instantly give your house a facelift and added curb appeal.  

Job Cost: $3,695

Resale Value: $3,491

ROI: 94.5%

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Minor Kitchen Remodel

If your kitchen is functional but a little dated, give it a fresh look with new cabinet doors and hardware, replace the cooktop and oven range, bring in a new energy-efficient slide-in refrigerator, replace the countertops, and install a mid-priced sink and faucet. Don’t forget, a fresh coat of paint can go a long way. You don’t have to gut the kitchen and start over, just freshen up what you already have!

 Job Cost: $23,452

Resale Value: $18,206

ROI: 77.6%

 

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Siding Replacement | Fiber Cement

Fiber cement siding offers a low-maintenance option giving homeowners the look of masonry, stucco or wood. A big benefit is the material is non-flammable and termite-resistant, and you’re given an array of styles, textures, colors and finishes to choose from. 

Job Cost: $17,008

Resale Value: $13,195

ROI: 77.6%

 

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Siding Replacement | Vinyl

Vinyl siding a great low maintenance option siding option for your home because it’s durable and helps to save money on heating and cooling costs. Often times, vinyl siding comes with a lifetime warranty to back up it’s claims that it withstand heavy wind and hail, and is resistant to excessive moisture. 

Job Cost: $14,359

Resale Value: $10,731

ROI: 74.7%







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