Is a home improvement project on the horizon? Whether you are a first-time home buyer renovating a fixer upper or making updates to the home you've been in for years, certain improvement projects offer more bang for your buck. According to Remodeling magazine's annual Cost vs. Value Report, here are some of the projects with the biggest return on your investment.
You might be surprised to know that replacing your garage door is one of the most affordable home updates. Plus, sellers can expect to recoup around 94.5% of the cost to upgrade a garage door.
Manufactured Stone Veneer
Updates that enhance your home's curb appeal especially offer a higher return on spend, like manufactured stone veneer. Homeowner's who invest in this update can expect to recoup around 95.6% of the cost.
Minor Kitchen Remodel
For some, the kitchen is the hub of a home and most potential buyers appreciate a move-in ready space to cook. According to the 2020 national averages, sellers can expect to recoup around 77.6% of their minor kitchen remodel.
Check out the full report from Remodeling magazine to see the complete list of remodeling projects that retain the most return on investment.