Home Remodeling Projects with a High ROI

Home Remodeling Projects with a High ROI

Lockport, MB replacement window

Sometimes it’s the small home remodeling projects that can make a big difference in your home and recoup the most of your investment. Remodeling is expensive, but some projects, like adding replacement windows to your Lockport, MB home, can increase the value of your home or, in other words, offer you a return on your investment (ROI). The money you can recoup in home value varies from project to project, but there are certain ones that offer more bang for your buck. Here is a list of the most valuable home remodeling projects according to the Cost Vs. Value Report for 2021:

  1. Replacement Windows – While the value of a window replacement can vary based on the type of replacement windows used, they generally come out to 68.6% recoupment. This is because replacement windows not only help your home look better, but they also can dramatically lower your energy usage and costs. While you’re replacing your windows, don’t forget to invest in new window treatments. After all, you don’t want to put up old shutters or shades on top of your brand new windows.
  2. Garage Door Replacement – A new garage door will recoup 93.8% of your investment. This number is so high because garage doors are relatively easy to replace, and the work can be completed usually in just one day.
  3. Small Kitchen Remodel – The kitchen is usually the most used and the most popular room in the house, which is why even a small remodel, like replacing hardware or countertops, can recoup 72.2% of the investment.
  4. New Entryway – First impressions are important, so refreshing your home’s entryway will recoup 60.9% of the cost. Redo your entryway by investing in a new door, side light windows, and a fresh coat of paint.
  5. Roof Replacement – A brand new roof might be on the pricey side, but it will recoup 60.7% of that initial cost. Roofing can be pricey because it’s a big, messy job that requires professional help in order to make sure that it’s done safely and correctly. But, once completed, a new roof will have a big impact on the overall look of your home and can also make your home more energy efficient so you can save money on heating and cooling.
  6. Bathroom Remodel – The second most redone room after the kitchen is the bathroom. This is because a bad bathroom can be really, really, bad, but just a few small finishes can make it really, really, nice. Plus, a bathroom remodel can recoup 60.1% of the initial investment. This is generally seen in the resale value of your home as homebuyers love to see redone, updated, and attractive bathrooms.
  7. New Siding – If you want a major makeover for your home without all the work or mess of a big remodel, new siding is the way to go. New siding will dramatically improve your home’s outdoor appearance and function. This project will also recoup 68.3% of the cost!

 

Pioneer Window & Door Mfg. Ltd is here for you if you want more home renovation or Lockport, MB replacement window tips.

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