On average, home values soared by nearly 10% in 2020 alone. As a result, many homeowners are looking for ways to capitalize on this. If you’re interested in finding ways to increase the value of your home even more right now, planning a home improvement project is one of the best ways to do it.
Read on to learn more about projects with the highest resale value and upgrades you should avoid if you’re trying to increase your home’s resale value.
High-Value Home Improvement Projects
Some projects increase a home’s resale value more than others. Here are a few project ideas that the Siding Express team can do for you that are most likely to have the greatest impact.
Your exterior is one of the first things that people will notice about your home. By replacing your siding with a high-quality, durable option, like James Hardie siding, you’ll give your home an instant upgrade. In fact, the average return on investment for a siding project in the St. Louis area ranges from 62% – 71%. While fiber cement siding like James Hardie tends to cost more upfront than some other siding materials, it generally offers the most return, making it a great investment.
Another project that can impact your home value is installing new, energy-efficient windows. Replacement windows can protect against weather extremes and improve your home’s energy efficiency as a whole, making your home more attractive to potential buyers. On average, you can expect to recoup anywhere from 62% to 68% of your window replacement project back in home value. Beyond that, you can expect to save up to $465 per year by replacing the single-pane windows in your home.
Similarly, replacing the exterior doors around your home can positively impact your home’s value. New doors are energy efficient and offer added security, which appeals to many potential buyers. Keep in mind that the material you choose for your door is important. A steel entry door, for example, has an average ROI of 82%, making it one of the best-value projects you can do around your home. Better yet, if you choose an ENERGY STAR certified door, you can lower your energy bill by an average of 12%!
We Can Help You Increase the Value of Your Home
If you’re ready to tackle some of the high-value exterior remodeling projects we talked about above, the Siding Express team is here to help. We have experience installing high-quality products to increase the value of your home and make your house more beautiful and functional in the process.
If you’re ready to transform your home in a way that offers a great return on investment, contact our team today for more information on how to get started.