Home Improvement

7 Home Remodeling Projects With Top-Dollar Returns

#1 Upgraded Landscaping

This 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 upgrade include?

  • Flowering shrubs
  • A 15-foot-tall deciduous tree
  • A flagstone walkway
  • Two 6-by-2 stone planters
  • Fresh mulch

The cost: $4,750

The return: 105% at $5,000

#2 New Roof

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: $7,500 

The return: 109% at $8,150

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 downspout. 
  • The sun’s shining through your attic. 
  • You notice stains on ceilings and walls.
  • Your energy bill is sky high.

#3 Hardwood Floors

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 the ‘80s. 

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% at $2,500

The cost to buy new: $5,500

The return: 91% at $5,000 

#4 Patio or Deck

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% at $6525

The cost of a deck: $9,450

The return: 106% at $10,000

#5 New Garage Door

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 cost. 

The cost: $2,300 (for a two-door)

The return: 87% at $2,000

There 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. 

#6 Insulation

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: 76% at $1,600 (plus the added savings on heating and cooling costs!)

#7 New Siding

In any color! And never paint again. 

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: $13,350

The return: 75% at $10,000

Want fiber-cement siding instead? It also shows a strong payback of 83%. Although it’s the pricier option — you’ll spend about $18,000 with a payback of about $15,000 — 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 hunting.