Most homeowners know that redoing their kitchen or converting their attic into a bedroom can be quite lucrative when they sell their home. However, you may not want to take on a large and expensive project. According to Cost vs. Value’s Denver-area report, here are some other home improvements that will give you the most bang for your buck.
1. GARAGE DOOR
A garage door with dings and dents detracts from your curb appeal and could potentially turn off a lot of potential buyers. Luckily, replacing your garage door is a rather inexpensive home improvement that offers a solid return on your investment.
The average price for a mid-range replacement garage door and installation is $1500-$1600, and you can expect a 75% return.
2. MANUFACTURED STONE VENEER
Do you have a shabby retaining wall in your yard? Hiring a landscaper or general contractor to install manufactured stone veneer can instantly spruce up that eyesore.
The average price for manufactured stone veneer and professional installation is $7500 and you can expect to see nearly a 100% return. You can even save money by installing stone veneer yourself, check out AirStone faux stone veneer at any major home improvement retailer.
3. ATTIC INSULATION
As heating and cooling bills continue to increase, improving a home’s insulation has become more important than ever. And many home inspectors offer infrared scanning to assess the condition of a home’s insulation. Re-insulating your attic can not only save you money on your heating and cooling bills, but can also make your home more attractive to potential buyers.
The average price to insulate an attic with fiberglass insulation is $1300, and you can expect a 116% return.
4. ENTRY WAY DOOR
Every locksmith will tell you – your door lock is only as good as your door. This home improvement often goes overlooked. However, a new entry way door made of fiberglass or steel adds an extra level security to your home.
The average price for a new fiberglass entry way door and installation is about $3100, and you can expect an 80% return. While a new steel door will cost about $1400 and yield a 77% return.
5. KITCHEN COUNTERS
Don’t want to undergo a complete kitchen renovation? If your layout and cabinets are in good shape, consider installing granite countertops. Granite can range in price, but for the greatest return, aim for stage 2 or stage 3 granite.
The average price for installed granite countertops can range from $28-$36 per square foot, and you can expect a 75-80% return.
Wondering what home improvements you should make? Or not sure what your home is worth? You can find out here.