Wondering how to increase the value of your home?
The best home improvements will do that in spades, both in terms of enjoyment and money.
Let’s break this topic down and look at some of the best home upgrades for your money.
Each will be given an average rate of return that represents how much of the purchase price you will (on average, in the United States) recoup when you sell your home.
Let’s dive in!
How to Increase the Value of Your Home: 10 Best Home Improvements
#1. Garage Door Upgrade
Impression Steel garage door resembling wood; Source: Overhead Door
Beyond the garage door’s obvious utility (which you probably rely on daily), it’s a crucial element for keeping your home insulated in the winter. Depending on your home’s layout, it may also be among the first things potential buyers see when they approach your property.
As such, a quality garage door one of the best ROI home improvements you can make.
When upgrading your garage door, consider using one of the following high-quality and desirable materials:
According to Remodeling Magazine’s Cost vs. Value Report for 2019, a high quality garage door can provide value retention as high as 97.5%.
That’s solid and should soften any inhibitions you have about spending the roughly $3,611 a luxury garage door typically costs.
#2. Manufactured Stone Veneer
Countryside Cypress Ridge stone veneer by Eldorado Stone; Source: F&M Supply
Remodeling Magazine ranks a manufactured stone veneer as one of the three best home improvements for your property’s exterior.
Not only are manufactured stone veneers gorgeous from a design perspective; their average value retention of 94.9% according to Remodeling Magazine is equally stunning.
A natural stone siding can cost between $15 and $30 per square foot. While this was once the only way to achieve a truly marvelous look, manufactured stone has come a long way and is nearly indistinguishable (in appearance and quality) from the real deal. It’ll only cost you $6 to $9 per square foot, or an average of $8,907 total.
#3. Mid-Range Kitchen Remodel
A kitchen remodel is among the best value home improvements — as long as you don’t go overboard.
Good news, amateur (or professional) chefs; a kitchen remodel indeed ranks among the best home improvements to increase value. As long as you don’t get too carried away (hence “mid-range”), you’ll do well financially too; Remodeling Magazine lists the average value retention for this upgrade at 80.5%. That’s better than any other interior project.
At the mid-range, expect to spend between $15,000 and $30,000 on your kitchen upgrade.
#4. Wood Deck
A wooden backyard deck is among the best ROI home improvements; just be sure to keep it maintained; Source: pxhere.com
A wood deck won’t just make backyard parties more fun; it’ll increase your value and retain 75.6% of the upgrade price, as well.
This places it among the best ways to increase home value.
A wooden deck addition will run you about $13,333 and increase your home’s value by an average of $10,083.
Take care not to build too large of a deck. Also be sure to keep it maintained throughout the years; a run-down deck is sure to scare buyers away.
#5. Siding Replacement
Don’t let potential buyers see damaged siding when they arrive at your house; replacing it is one of the best home improvements money can buy; Source: armchairbuilder.com
Another one of the home improvements that add value is a siding replacement. Siding can get damaged over time.
Uncertainty about the last time you replaced it can leave buyers feeling iffy about the potential expense as well.
Luckily for proactive home-owners like yourself, siding replacement has good value retention at 75.6%.
Quality siding will run you an average of $16,036.
#6. Steel Entry Door
Steel doors don’t have to be ugly or industrial-looking; they come in a variety of custom designs; Source: Somerset Hills Doors & Millwork
Wondering how to increase the value of your home?
A steel entry door will not only retain 74.9% of its value — it’ll also make your house more secure, too. That’s priceless for most people.
It’s not costly as far as best home improvements go, either; it’ll run you an average of $1,826.
#7. Vinyl Window Replacement
The right windows drastically increase your home’s curbside appeal.
A vinyl window replacement will retain roughly 73.4% of its value and greatly enhance your home’s curbside appeal.
Plus, windows are a key component for insulation; a proper set will reduce your home heating costs significantly.
Americans spend on average $16,802 on vinyl replacement windows and see their home value increase by an average of $12,332 as a result.
#8. Fiberglass Grand Entrance
A fiberglass grand entrance is one of the best home improvements to increase value and make a statement; Source: Koltech
You’ve probably noticed that most of the best home improvements are of the exterior variety. Here’s another.
Fiberglass is a great material you can use in your door (or other areas of your house’s front) to create jaw-dropping visuals.
A fiberglass grand entrance will retain roughly 71.9% of its average $8,994 cost.
#9. Wood Window Replacement
Wood windows are great for the discerning consumer who finds vinyl too pedestrian.
Just be sure to maintain them or you’ll find they become a financial nightmare; Source: CP Hoffman, Flickr
If vinyl windows aren’t your thing, you might be interested in the classic appeal that wood windows provide.
As one of the best home upgrades money can buy, you’ll be happy to note that wood windows can retain 70.8% of their value.
They’ll cost you more than vinyl, though; Americans spend an average of $20,526 on these.
That’s well worth it, though, if you like their classic look; there’s really no window material that compares.
Remember that wood can warp. As such, these windows will require more maintenance than other materials.
#10. Composite Deck Addition
One of a composite deck’s advantages is waterproofness; it’s definitely one of the best value home improvements.
Last but certainly not least on our list of the best ROI home improvements is something for homeowners seeking a more durable deck addition than simple wood provides.
Composite decking is less susceptible to termites, moisture, splinters, and more.
They’ll cost more than wood up front (at an average across America of $19,150) but save you in the long run thanks to their durability.
Expect a composite deck to retain 69.1% of its value.
By now, you know 10 of the best ways to increase home value.
Many of these are external and will immediately increase your home’s curbside appeal.
They’ll also make your life easier in the long run thanks to things like energy cost savings and utility.
As long as you find reputable and reliable providers for the above upgrades, you should have no problem with these home improvements that add value.