Upgrades That Sell

by A. Dionne Williams

Renovating your home to improve the way it serves you and how your lifestyle has evolved over the years is always a good idea. But when making decisions on what upgrades you'll make, it's important to be mindful of which renovations will ultimately be worth your investment when it comes time to sell.

Curb appeal, by and large, has been paying off big-time for homeowners over the last few years. In fact, in Zonda's annual Cost vs. Value report, most of the projects with the highest ROI were exterior improvements. It speaks volumes to the value of "first impressions". A dilapidated Garage door or unkempt siding will set the tone regardless of what the rest of the home looks like.

Also on the list, of course, Kitchens and Bathrooms - the gold standard in worthwhile upgrades. New flooring, tile and countertops in what's known as the most expensive rooms in the house won't disappoint.

Top 10 projects

Rank Remodeling Project Job Cost Value at Sale Cost Recouped
1 HVAC Electrification Conversion $17,747 $18,366 103.5%
2 Garage Door Replacement $4,302 $4,418 102.7%
3 Manufactured Stone Veneer $10,925 $11,177 102.3%
4 Entry Door Replacement | Steel $2,214 $2,235 100.9%
5 Siding Replacement | Vinyl $16,348 $15,485 94.7%
6 Siding Replacement | Fiber-Cement $19,361 #17,129 88.5%
7 Minor Kitchen Remodel | Midrange $26,790 $22,963 85.7%
8 Window Replacement | Vinyl $20,091 $13,766 68.5%
9 Bath Remodel | Midrange $24,606 $16,413 66.7%
10 Window Replacement | Wood $24,376 $14,912 61.2%

 

And here's a bonus that I like to call, "A Gallon of Magic". The single easiest, most inexpensive, yet most impactful upgrade to your home's interiors has been and will likely always be a fresh coat of paint. It has the ability to make your home look newer, more inviting and give you a whopping 107% ROI...if you get it right. The key is to stick with neutral colors because they go with everything and suit just about everyone's taste. Warm Whites, Beiges, Tans, Grays and "Greige" (a blend of Gray and Beige) are all winners.

Don't know where to begin? I'm here to help! It's my pleasure to provide many specialty services that other Realtors® DON'T.  I can tell you what's hot and what's not when it comes to figuring out which renovations will be worth it to you in the end.







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