Most Valuable Home Improvement Projects

home improvement remodel plan

Not all home improvement projects are created equal, and while it's tempting to go for the "fun" updates, like a kitchen or bath remodel, the most rewarding remodeling projects are oftentimes the less exciting ones, like new attic insulation or an entry door replacement.

Below, we'll discuss our tips and tricks for deciding which projects will add the most value to your home.


Find remodeling or demolition contractors near you


Make Necessary Repairs First

Your priority should first and foremost be addressing any issues within your home—whether aesthetic or structural—and making sure your house is in good shape.

A bad paint job, leaky roof, cracked siding, or poor insulation should be addressed before remodeling an unfinished basement or outdated bathroom. Updated kitchens and baths lose their appeal if the house's basics are subpar.

As a rule of thumb: Resolve any existing issues with the home first and get the luxuries later.

New insulation or a roof replacement may not seem like bait for potential homebuyers but think about it from their perspective.

Because most buyers have a budget for what they can afford to spend, they will be more likely to buy a house if basic, essential systems are in good shape.

An outdated bathroom that still functions properly is a much easier pill to swallow than shoddy windows or a structural issue that will need to be replaced right away.

If homebuyers know they won't have to spend part of their budget on the upkeep of the home's essential systems, then they're more likely to buy the house and consider upgrading the kitchen or baths down the road.

Keep reading:

Appeal to Popular Opinion

The best way to increase your return on investment (ROI), is to get a thorough understanding of what today's buyers prioritize and look for in a home.

Although each potential buyer is different and will inevitably be looking for different things when house hunting, there are some things that are particularly irresistible to all of them.

According to Remodeling Magazine's 2021 Cost vs. Value Report, attic insulation—which keeps heating and cooling costs low—is so desirable to potential homeowners that you could actually make money on the investment due to its 108% average ROI.

Similarly, all homeowners love a home with curb appeal.

That's why entry door replacements, manufactured stone veneer, garage door replacements, and siding replacements each have an ROI of 76% or more.

most rewarding home improvement projects

Now, this is not to say that luxury items, like steam showers, home theaters, or wine cellars, can't pay off; these projects can be well worth the investment in the right market.

Take a look at the homes in your neighborhood—or better yet go to a couple of open houses—to see what's selling quickly (and why) and what homebuyers near you are really interested in when it comes to buying a home.

Here's a more expansive look at what home improvement projects have the highest average ROI across the United States:

 

Most Valuable Home Remodeling Projects

Project ROI % Avg. Cost Resale Value
Garage Door Replacement 93.8% $3,910 $3,665
Manufactured Stone Veneer 92.1% $10,390 $9,575
Minor Kitchen Remodel (Mid-Range) 72.2% $26,215 $18,930
Siding Replacement (Fiber-Cement) 69.4% $19,630 $13,620
Window Replacement (Vinyl) 68.6% $19,385 $13,300
Window Replacement (Wood) 67.4% $23,220 $15,650
Deck Addition (Wood) 65.8% $16,770 $11,040
Entry Door Replacement (Steel) 65% $2,085 $1,355
Deck Addition (Composite) 63.2% $22,430 $14,170
Grand Entrance (Fiberglass) 60.9% $10,045 $6,120
Roofing Replacement (Asphalt) 60.7% $28,260 $17,150
Bathroom Remodel (Mid-Range) 60.1% $24,425 $14,675
Bathroom Remodel (Universal Design) 57.9% $38,815 $22,475
Major Kitchen Remodel (Mid-Range) 57.4% $75,575 $43,365
Roofing Replacement (Metal) 56.1% $46,035 $25,820
Bathroom Remodel (Upscale) 54.8% $75,695 $41,475
Master Suite Addition (Mid-Range) 54.7% $156,745 $85,675
Major Kitchen Remodel (Upscale) 53.9% $149,080 $80,285
Bathroom Addition (Mid-Range) 53.1% $56,950 $30,240
Bathroom Addition (Upscale) 52.8% $103,615 $54,705
Master Suite Addition (Upscale) 47.7% $320,980 $153,000

Cost information via Remodeling Magazine's 2021 Cost vs. Value Report

Choose the Right Contractor for the Job

Needless to say, regardless of the home improvement project(s) you choose, if the work isn't done right and doesn't look good when it's finished, it won't do you any good.

In fact, it could very well reduce your home's value and therefore your ROI.

Your exact ROI will depend on...

  • the quality of your project
  • the value of your house
  • your area's housing market
  • the value of nearby houses
  • how quickly you sell after making improvements

Make sure you increase your chances of recouping your money by hiring a qualified professional to handle the work.

If you need any demolition done—whether interior, exterior, structural or otherwise—Hometown Demolition is the best place to find the right pro for the job.


Find an experienced demolition contractor near you


Learn more about remodeling projects: