Exterior Home Remodel ROI – Where to Put Your Money
When it comes to home improvements and home remodels, many homeowners are faced with the same dilemma, which projects have the highest return on investment (ROI).
While not all projects are prioritized based on ROI, here we will be discussing the home improvements that will bring you the biggest bang for the buck come time to sell your home.
Top Exterior Home Remodel Choices for a High ROI
When ROI is your main concern, these 5 home improvement projects ring in at a high ROI.
- Replacement Windows – 72%
- Updated/Modern Garage Door – 95%
- Fiber Cement Siding Upgrade – 77%
- Upgraded Roof – 68%
- Manufactured Stone Veneer – 97%
Replacing your old aluminum single pane windows with new vinyl double pane Low-e replacement windows have an ROI of about 72%.
Additionally, vinyl replacement windows will help decrease energy expenditure and noise pollution while increasing comfort levels.
In fact, replacement windows have a massive effect on curb appeal. Replacement windows instantly begin to modernize a home’s exterior and are a viable part of a home remodel.
Modern Garage Door
I know what you’re thinking, garage doors? Really? Yes, really. Updating your garage door with a modern door can offer as much as a 95% ROI. That’s incredible!
Seasoned real estate investors know this little secret, updating your garage door makes an enormous impact on your home’s aesthetics and gets the attention of more potential home buyers.
Fiber Cement Siding
Up to 80% of the exterior walls of your home could be covered in siding, and if you have old wood, aluminum, or masonite siding, then upgrading to fiber cement board is an excellent option coming in at a 77% ROI.
All of the older siding material had faults; wood siding rots, aluminum siding dents, and masonite swell and deteriorates. Conversely, fiber cement siding is rot-resistant, insect-resistant, and very durable.
Fiber cement board is a composite material made up of cement reinforced with cellulose fibers. This material make up also gives it fire-resistant attributes.
The roof on your home provides most of the protection from the weather elements, and upgrading your roof during a complete home remodel is always smart.
Higher-end options will bring you the greatest returns, like metal roofing, with a 68% ROI.
Upgrading to a clay tile roof will definitely give you a decent ROI. However, over time the benefits of its durability, a possible decrease in fire insurance premiums, and energy savings due to decreased heat transfer and airflow will synergistically give you an even better ROI.
Manufactured Stone Veneer
Manufactured stone veneer is a human-made product used for exterior facades, fireplaces, and accent walls. It is one-third to half as expensive as natural stone and rock once installed and provides a 97% ROI when used properly to update a home’s exterior.
Columns, entryways, and corners are fantastic places to use manufactured stone veneer and should always be considered on an exterior home remodel.
Sometimes it’s Not About ROI
Some home remodels are not focused on ROI but only on family comforts and functionality, and that’s ok. Not every home improvement project will deliver great ROI, but it can give you something much better; satisfaction and joy!
We rather build something for our customers that they want. Our goal is to make our customers over the moon in joy when we deliver them their new theater room or outdoor kitchen they have been dreaming about for years.
So whether you are looking to get the most out of your home remodel or you are just looking to fulfill your dream project, contact us, and we will be glad to help.
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