Top 10 Projects with the Highest ROI
Top projects to yield you the highest return
10 Home Improvement Projects That Offer the Best ROI
Whether you're looking to sell your home soon or simply want to invest in its long-term value, choosing the right home improvement projects is crucial. While a major kitchen overhaul or a new bathroom might seem like the most appealing options, the projects that deliver the highest return on investment (ROI) often focus on a different area: curb appeal and minor, high-impact updates.
According to the latest data from sources like the Remodeling Magazine Cost vs. Value Report and other real estate trends, here are the top 10 home improvement projects with the best ROI.
1. Garage Door Replacement - Avg ROI 100+%
This one might surprise you, but year after year, replacing your garage door proves to be one of the most profitable projects. With a national average ROI often exceeding 100%, a new garage door dramatically boosts your home's curb appeal and provides a fresh, modern look without a huge financial commitment.
2. Steel Entry Door Replacement - Avg ROI 70%
Your front door is the "handshake" of your home. A new steel entry door not only enhances security and energy efficiency but also provides an impressive ROI. This simple update makes a strong first impression on potential buyers and signals a well-maintained home. If a new door is not in the budget, consider painting your existing door a dark color. According to new research by Zillow, homes with a black front door could sell for an estimated $900-$6,449 more than similar homes with other front door colors.
3. Manufactured Stone Veneer - Avg ROI 90%
Adding manufactured stone veneer to the exterior of your home, especially as an accent on the front facade, gives it a high-end, custom-built look. It's a surprisingly cost-effective way to add texture and visual interest, often recouping a significant portion of its cost at resale.
4. Minor Kitchen Remodel - Avg ROI 70%
While a full-blown kitchen gut is personally rewarding, a minor kitchen remodel offers a far better ROI. Focus on cosmetic upgrades that make the space feel fresh and modern. Think about replacing countertops, refacing or painting cabinets, updating hardware and fixtures, and installing new energy-efficient appliances.
5. Siding Replacement - Avg ROI 75%
Old, worn-out siding detracts from a home's appearance and can lead to maintenance issues. Replacing it with durable, low-maintenance materials like fiber-cement or vinyl siding not only protects your home but also provides an excellent ROI by boosting curb appeal and signaling a well-cared-for property.
6. New Windows - Avg ROI 70%
Replacing old, drafty windows with energy-efficient models is a win-win. It will save you money on utility bills while you live in the home and provide a strong ROI when you sell. Buyers are increasingly conscious of energy efficiency, and new windows are a tangible sign of a smart, responsible homeowner.
7. Deck or Patio Addition - Avg ROI 70%
Creating an outdoor living space is a highly sought-after feature for today's buyers. A well-designed deck or patio effectively adds usable square footage to your home. While a wood deck typically has a higher ROI than composite, both provide a great return and make your home more appealing for entertaining and relaxation.
8. Attic Insulation - Avg ROI 100+%
Improving your home's energy efficiency is a smart move that often pays for itself. Adding or upgrading attic insulation is a cost-effective project that significantly lowers heating and cooling costs, a huge selling point for buyers.
9. Interior and Exterior Painting - Avg ROI 100+%
Never underestimate the power of a fresh coat of paint. It's one of the most affordable and high-impact ways to transform the look and feel of a home. Neutral, modern colors on the interior make a space feel larger and more welcoming, while a fresh exterior paint job dramatically improves curb appeal. This project often has a 100%+ ROI, especially for a DIYer.
10. Basement Remodel - Avg ROI 70%
Converting an unfinished basement into a functional living space is a great way to add square footage and value to your home. Whether you create a family room, a guest suite, or a home office, a finished basement appeals to buyers looking for versatility and more room.
Other projects to consider:
Roof replacement (60% ROI)
Minor bathroom remodel (60% ROI)
Siding replacement (75% ROI)
Window replacement (70% ROI)
Before embarking on any project, remember to consider your local market and consult with a real estate professional. They can provide personalized advice on which improvements will give you the most bang for your buck in your specific area. Happy renovating!
