The “Remodeling Impact Report” from the National Association of REALTORS® is a trusted source, gathering data from homeowners all over the country to help determine which projects will give you the most return on investment. From that report we’ve pulled five projects that freshen up your home and also your wallet!1. Siding Replacement. Some benefits of replacing your siding are that now you can choose any color, never paint your home again and of course the value! Vinyl siding has come a long way with its fade-resistant finished and transferable lifetime warranties. Expect to recuperate 75% of the cost.
2. Insulation. This is a replacement that may seem like it is out-of-sight, out-of-mind yet you will be reminded every time you receive your heating or cooling bill and see how much less you will be paying! The return on this improvement is 76% plus what you save on your bills.
3. Garage Door Replacement. At 97%, this home improvement option almost pays for itself! At a relatively modest cost, replacing your garage door provides a big boost for your home’s curb appeal.
4. Refinishing Hardwood Floors. There is a reason that people are excited to pull back their carpeting to find hardwood floors underneath, they are absolutely gorgeous! The return on investment for refinishing your hardwood floors is 100%! This improvement is a no-brainer.
5. New Roof. If the sun is shining through your attic, your energy bill is sky-high or you have missing shingles, these are signs that it is time to replace your roof. The good news for you is that this improvement will have a 109% return for you! It turns out homeowners really appreciate having a good roof over their heads!When it comes to remodeling your home, not all projects are created equally. Some projects can be expensive with very little return on your investment. To help with these costs, complete these five home improvement projects in 2019!