Every year, a report gets published that mentions the home renovations that bring the most value for resale. Here are the top three renovations from 2021 that you might consider doing in your home.
Garage Door Replacement
Time and time again, garage door replacements end up at the top of this list. Garage doors can make or break your curb appeal. Investing in a more modern garage door that matches the style of your house (and of course has better insulation) might be a good project to tackle before resale.
- Average cost: $3,907
- Average resale value: $3,663
- Cost recouped: 93.8%
Manufactured Stone Veneer
Here’s another curb appeal project that made it to the top three. Replacing vinyl siding with stone veneer on a portion of your exterior (like an entryway) can boost curb appeal and add some extra layers of water protection.
- Average cost: $10,386
- Average resale value: $9,571
- Cost recouped: 92.1%
Minor Kitchen Remodel
The top interior project is no surprise – kitchen remodel. This project is always popular, because people spend so much time in the kitchen. A modern layout and modern materials can go a long way to getting a house sold.
- Average cost: $26,214
- Average resale value: $18,927
- Cost recouped: 72.2%
If you’re curious about more, here are a handful of others that typically make the cut each year:
- Minor Bathroom Remodel
- Professional Landscaping / Landscape Design
- Attic Bedroom Conversion
- Major Kitchen / Bathroom Remodel
- Deck/Patio/Porch Addition