Renovating and remodeling is a great way to freshen up your living space, but if you’re looking to boost the value of your home, new research shows there are a few projects that just about pay for themselves. According to Remodeling magazine’s 2014 Cost vs. Value Report, some of the projects that offer the biggest bang for their buck include vinyl siding, vinyl windows, replacement entry doors and garage doors.
Coming in at the top of the report’s list are steel replacement entry doors. With a more affordable price tag than other popular home improvements, they can yield a whopping 109 percent return on investment (ROI) for homeowners in New England.
Vinyl siding is also proven to be worth its value as homeowners can recoup 93 percent of the job cost at resale. That may be why it’s the number one choice of exterior cladding in the United States and Canada.
“Vinyl siding can dramatically impact the look of your home and can last for 30 years or even longer,” says George Yost of Yost Home Improvements. “On top of that, it’s virtually maintenance-free, and ultra insulated versions like Energy Vault Technology® can dramatically reduce a homeowner’s energy bills.”
Other home renovation projects that rank among the best for cost recovery include vinyl replacement windows, which deliver an average 87 percent ROI in New England, and replacement garage doors, of which 85 percent of the job cost can be recouped at resale — not to mention both can also add some serious curb appeal.