Making home upgrades is exciting, especially if they are outdated. We’ve all had those thoughts of having a nicer kitchen or making additions such as a deck so you can relax outside in the sun. There are certain things to consider before making these big renovations. Remodeling takes a lot of time, effort, decision making, and most importantly, money. So, if you are going to spend a lot of money fixing up your home, wouldn’t you want to make upgrades that are going to pay off for you in the future? Here are the top ten remodeling projects to get the best return on investment according to Remodeling magazine’s 2020 Cost vs. Value Report.
1. Manufactured Stone Veneer
- Avg. Cost: $9,357
- Avg. Resale Value: $8,943
- ROI: 95.6%
2. Garage Door Replacement
- Avg. Cost: $3,695
- Avg. Resale Value: $3,491
- ROI: 94.5%
3. Minor Kitchen Remodel | Midrange
- Avg. Cost: $23,452
- Avg. Resale Value: $18,206
- ROI: 77.6%
4. Siding Replacement | Fiber-Cement
- Avg. Cost: $17,008
- Avg. Resale Value: $13,195
- ROI: 77.6%
5. Siding Replacement | Vinyl
- Avg. Cost: $14,359
- Avg. Resale Value: $10,731
- ROI: 74.7%
6. Window Replacement | Vinyl
- Avg. Cost: $17,641
- Avg. Resale Value: $12,761
- ROI: 72.3%
7. Deck Addition | Wood
- Avg. Cost: $14,360
- Avg. Resale Value: $10,355
- ROI: 72.1%
8. Window Replacement | Wood
- Avg. Cost: $21,495
- Avg. Resale Value: $14,804
- ROI: 68.9%
9. Entry Door Replacement | Steel
- Avg. Cost: $1,881
- Avg. Resale Value: $1,294
- ROI: 68.8%
10. Deck Addition | Composite
- Avg. Cost: $19,856
- Avg. Resale Value: $13,257
- ROI: 66.8%
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin, Western WI, parts of MN, Michigan’s UP and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com