Modern white luxury living room with window blinds on a row of large windows, comfortable grey sofa and armchair lit by down lights, 3d rendering
We all want to get the most bang for our buck, the biggest return on investment when it comes to home improvement projects. A lot of times we can work to come up with this big list of projects that we want to get done. That list grows over time, and it is up to us as homeowners to pick and choose which we want to focus on. Do we replace the siding of our home, the windows, or go forward with a kitchen remodeling? Making these decisions is important so that you can work to increase the value of your home, whether you just want to up your equity or are looking to sell it in the next five to ten years.
The fact of the matter with some renovation projects is that you are going to get a very nice return on investment, or a poor one, depending on the decisions you make. A window replacement project in Jacksonville FL, for example, will have a significant return on investment, while others simply will not. We picked off five of the top rated renovation projects from a return on investment perspective to dig deeper into.
Window Replacement in Jacksonville FL
A window replacement is one of the top rated home renovation projects when you are talking about a return on investment. According to research that was done by industry experts, you can expect to get back around 74% on the replacement of a set of vinyl windows for your home. So if the vinyl window replacement project costs you $10,000, you can expect your home’s value to increase by $7,400. This is a very nice return considering the investment cost.
Kitchen Remodeling
A minor kitchen remodel is another area where you can get a nice gain. Say you go out and spend $20,000 on a kitchen remodeling effort. You can expect to get back around 80% return on that investment. This equates to a return of around $16,750 in the end when you are talking about adding the value of your home.
Attic Insulation
This one takes the cake regarding the return that you get. Research has found the return on investment for when you add insulation to your attic is around 105%. This means if you spend $1,000 on insulation renovations to your attic, expect your home’s value to increase by $1,000, plus 5% on top of that. This makes the fiberglass attic insulation job a no-brainer for most out there.
Siding Replacement
Replacing the siding on your home is going to be similar to windows, with a return on investment of roughly 76%. The siding of your home is just as important as the windows and the roof as it is the best line of defense you have to keep the interior of your home safe and secure, protected from the elements outside.
Garage Door Replacement
Do you have a garage door that is beyond old and needs to be replaced? If you do, a garage door replacement will net you a nice return on your investment, at around 80% to be exact. This can make it worthwhile to spend the couple thousand dollars to do the upgrade.
As you can see, you can get an excellent return on many home renovation projects. It is all about having your eyes set on the big wins that do exist out there and taking advantage of them. The better the return on investment, the more worthwhile the renovation project is going to be. Whether you are going with a window replacement project in Jacksonville FL or a roof replacement, make the decision on the return it will net.