It’s that time of year again. Remodeling Magazine has just published its 2016 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 2016 Cost Vs. Value Report for Grand Rapids. Here are the top five projects based on recoup value
Upscale Garage Door Replacement, Average Job Cost: $3,087
Replacing your garage doors will increase curb appeal and safety. An upscale garage door replacement rings in at a 89.8% return.
Upscale Engineered Siding Replacement, Average Job Cost: $13,095
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.
Grand Entrance (Fiberglass), Average Job Cost: $7,849
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 81.9% return.
Vinyl Window Replacement, Average Job Cost: $14,412
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 72.6%
Upscale Fiber Cement Siding Replacement, Average Job Cost: $13,747
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.
Topics: Love Where You Live