2 minute read
TOP 5 Home Improvements with High ROI for 2021
by Expert Contributor Sarah Forti, Realtor® and Owner of Forti Homes with Keller Williams Realty
Despite the unprecedented pandemic, homebuyer traffic is heavy. If you’re thinking about selling your house, this may be a great time to get the best price. One of the best considerations will be home improvement projects that add value to your home.
Here are the top 5 home improvement projects that are likely to have the highest return on your investment (ROI):
Garage Door Replacement
New garage doors improve a home’s beauty and enhance functionality. A broken-down garage door can cause a lot of concerns such as pest entry, flooding, decreased home energy efficiency and safety. With multiple styles and colors, this is a project you will enjoy every time you pull up to your home. Job Cost: $3,791. Resale Value: $4,031.
Manufactured Stone Veneer
Stone veneer gives your home an instant upgrade in sophistication and your home’s overall appeal. Installation is more cost efficient than building with real stone because it is less expensive to purchase, lighter, and quicker to install, which reduces labor costs. Job Cost: $9,589. Resale Value: $8,607.
Deck Addition | Wood
Outdoor living space is a key feature on most home buyers’ wish list. A deck that connects the home with the outdoors not only increases your home’s usable living space, it can also increase your home’s market value and the aesthetic appeal of your home’s exterior. Job Cost: $14,491. Resale Value: $11,222.
Siding Replacement | Fiber-Cement
Fiber-cement siding has multiple benefits as an added value for your home. It has a longer lifespan; it’s very versatile in style; and it’s resistant to heat and weather. A key feature is that it emulates the classic look of wood while being a durable product that adds years of enjoyment to the home. Job Cost: $17,497. Resale Value: $14,966.
Minor Kitchen Remodel | Midrange
If you live in your “forever home,” you may choose to go all-out with your dream kitchen. But if you’re considering selling in the near future, cosmetic makeovers will work in your favor and offer an excellent ROI. Minor touch-ups such as replacing old hardware, faucets and appliances is a definite key to increasing your home value. Consider painting cabinets instead of replacing. Even countertops can be replaced with a neutral-colored stone and will work with any buyer’s style. Job Cost: $24,049. Resale Value: $19,178.
Whether you plan to sell your home in the near future or live in it for years to come, it’s helpful to know which projects add the most value to your home.
Expert Contributor Sarah Forti, Realtor® and Owner of Forti Homes with Keller Williams Realty
FORTI HOMES with Keller Williams Realty
Serving Newtown Square, Main Line and Philadelphia
610-986-7170
www.FortiHomes.com
Sarah@FortiHomes.com
744 W. Lancaster Ave, Suite 125, Wayne
610-647-8300
