The HustleIssue #163Sunday, June 13, 2021Why is lumber is so expensive right now?An illustrated explainer of the factors driving up the market.BY ZACHARY CROCKETTNOTE: Thie week, we&rsquo
Top Renovations with the Highest ROI
Dated: April 19 2021
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.
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
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
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
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
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
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