Improvements That Make Cents
The top-ranking home improvement?
A new front door, which on average adds 96.6 percent of the amount you spent to the value to your home, according to Remodeling magazine’s annual Cost vs. Value Report for 2014.
But real estate agents and remodelers say updated kitchens and baths still bring a significant payoff, especially at resale time.
The report found that kitchen projects yielded a higher return than bath projects, with a minor kitchen remodel adding 82.7 percent of the project’s cost back to the home’s value.
Renovations that bring the greatest percentage return on investment:
- Entry door replacement: 96.6%
- Deck addition(wood): 87.4%
- Attic bedroom: 84.3%
- Garage door replacement: 83.7%
- Minor kitchen remodel: 82.7%