Top Five Remodeling Projects That Add Value to Your Home

Posted by Ben Thompson on 01.17.15

It’s that time of year again. Remodeling Magazine has just published its 2015 Cost Vs. Value Report, an annual report that compares how popular remodeling projects are retaining their value at re-sale throughout the country.

We know that remodeling your home requires the commitment of time and thoughtful budgeting and the return on your investment is important.  Making improvements today allows you to stay in your current home while the value of your whole house improves overtime. Not to mention, the pride you’ll have in your updated spaces!

To provide you with the most accurate information, we studied Remodeling Magazine’s 2015 Cost Vs. Value Report for Grand Rapids. Here are the top five projects based on recoup value.

To get descriptions of each project type, simply click highlighted links.

  1. Fiber Cement Siding Replacement

Upscale Fiber Cement Replacement Average Job Cost: $13,144

Installing new upscale siding is an exterior update that will bring you a very high return on your investment.  Your house will look new from the outside and boasts an 82.2% return.

  1. Foam Backed Siding Replacement

Upscale Foam Backed Siding Replacement Average Job Cost: $14,452

If you prefer a foam backed siding for your remodel, the recoup value is 67.3%.

  1. Garage Door Replacement

Upscale Garage Door Replacement Average Job Cost: $2,890

Replacing your garage doors will increase curb appeal and safety. An upscale garage door replacement rings in at a 67.2% return.

  1. Vinyl Window Replacement

Upscale Vinyl Window Replacement Average Job Cost: $13,388

Get rid of old, drafty windows and replace them with energy efficient windows and save money on your utility bills.  Upscale vinyl windows have a recoup value of 61.2%.

  1. Grand Entrance

Upscale Grand Entrance Average Job Cost: $7,400

Every visitor sees your front door! Replace a simple, single entry door with a new one with dual sidelights and your house will be more welcoming and benefit from additional natural light. An upscale grand entrance will bring you a 58.1% return.

As you can see from our list, remodeling is a worthwhile investment.  The investment you make today to make your home more enjoyable will add value to your home.  Homes with updated and remodeled spaces are very attractive to prospective buyers and may be just the thing that tips their decision in your favor.

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