Exterior renovations that boast the best ROI

Remodeling with a return on investment in mind can be a smart strategy for homeowners, whether one is thinking about moving in the next few months or further down the road. Though this approach is an inexact science, in many instances, it’s savvy for homeowners to consider what buyers may want when planning home improvements.

Homeowners may be surprised to learn which renovations garner the best ROI t res e. e o e o n n refin ning company RenoFi indicates that over-

See RENOVATIONS, Page 4

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Under Contract

3375 Wellsleigh Place, Rockingham

An intrinsic commitment to detail has created this exquisite home! On over 2 tranquil acres sited away from the street for privacy, this offering will please the most discerning buyer. 7 bedrooms, 5 full and 2 half baths. MLS #618993 $1,075,000

3768 Boundary Run Road, Gum Spring

This beautiful home sits on a 2.08 acre partially wooded lot on a cul-desac in Boundary Run subdivision. As you enter the home, light fills the open floor plan making it the perfect space to entertain guests. 3 bedrooms, 2 full baths. MLS#: 635667 $465,000

3350 Argyle Court, Rockingham

Ask about the $20,000 Update Allowance! From the top of the brand new roof to the last corner of the basement, you will be pleased with the custom built quality of this fine home in Lake Pointe subdivision. 4 bedrooms, 3 full baths. $839,900. MLS #631544

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62 Fleetwood Road, Staunton

Ask about Seller contribution toward purchaser’s points or closing costs. This hillside home sits on .72 of an acre and has splendid year ‘round views! 3 bedrooms, 2 full baths, 1 half bath. MLS# 632533 $369,000.

130 Brompton Court, Rockingham

This two-story Crossroads Farm elegant home has just been completed and is ready for its first owner! Superior craftsmanship and careful attention to details throughout. 4 bedrooms, 2 full baths, 1 half bath. MLS #638801 $649,900

3365 Battery Park Place, Rockingham

Beautiful recently built end unit at Preston Lake. Just what you’ve been looking for. Nestled on the edge of the subdivision. Provides a front porch and patio, large greenspace area in the back. 3 bedrooms, 2 full and 1 half bath. MLS#630887 $345,000

201 Bartley Street, Dayton

Elegant home with lovely views located in desirable South Breeze Estates! Upon entering the front door you will be immediately impressed with the overall attention to detail and the quality of craftsmanship. 4 bedrooms, 2 full baths. MLS #635969, $535,000

Lot 6 Traveler Rd, Rockingham

Stunning hilltop views may be all that is necessary to make you want this lot! In popular Highland Park, surrounded by other custom quality homes, your new home will be a showcase. 0.79 acres. MLS #639231 $157,000

Lot 6 Quicks Mill Rd, Verona

Stunning building lot, easy access to Staunton, and Interstate 81. Gently rolling topography, call your agent for more details. 2.29 acres MLS# 641355 $95,000.

0 Tanners Court, Rockingham

Come build at Meadowbrook--on this beautiful lot with mountain views!!! Build your dream house only minutes from the city, & get that country feel but have easy access to interstate 81 and Harrisonburg.

0.68 acres. MLS #639285 $89,000

503 N West View St, Bridgewater

Charming house in Bridgewater on 0.26 acres. 3 bedrooms, 1 full bath. MLS# 641283 $234,900

Under Contract

TBD Maury Mill Road, Verona

Pretty hilltop lot with septic approval, ready for your builder to check it out! New 30 foot gravel Drive. Call your agent today! MLS#: 639829 $81,900 all home improvement projects provide a 70 percent ROI on average. Many high-ROI projects add functional space and improvement. The following are some exterior renovations that help homeowners recoup the most money at resale, according to Remodeling magazine’s “2022 Cost vs. Value Report.”

1. Garage Door Replacement: 93.3 percent recouped of $4,041 cost

2. Manufactured Stone Veneer: 91.4 percent recouped of $11,066 cost

3. Siding replacement (Fiber Cement): 68.3 percent recouped of $22,093 cost

4. Window replacement (Vinyl): 67.5 percent recouped of $20,482 cost

5. Siding replacement (Vinyl): 67.2 percent recouped of $18,662 cost

6. Window replacement (Wood): 66.3 percent recouped of $24,388 cost

7. Deck addition (Wood): 64.8 percent recouped of $19,248 cost

8. Entry Door Replacement (Steel): 63.8 percent recouped of $2,206 cost

The majority of renovations on Remodeling magazine’s list of the best investments are exterior renovations, making this area of a home a particular point of interest for homeowners. The only interior project that cracked the Top 10 ROI for projects was a minor midrange kitchen remodel.

Exterior renovations perhaps add the most bang for your buck because they’re not only functional, but also because they add immediate curb appeal. Much in the way it has been said people eat with their eyes first i is e s spen so ti e on e or te p tin buyers will judge a property by how it looks when they arrive, even before they’ve stepped inside a home. In essence, home buyers often judge a book by its cover. A worn exterior may indicate to potential buyers that the home was not maintained, however false that assumption may be.