Best Home Improvement Projects For Your Money

Dated: 12/18/2017

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There’s no question that a modern and tastefully styled home moves faster when it’s time to sell, but homeowners may be reluctant to spend money upgrading a house they plan to leave behind. Remodeling’s annual Cost vs. Value report helps homeowners identify the home improvement projects that offer the best return on investment so they can upgrade their home with confidence. Here are their top-ranking projects in areas like Bowling Green and Owensboro:

1. Attic Insulation

 Does your home seem to suck energy all winter long? A poorly-insulated attic may be the culprit. While you could hire an energy auditor to assess the attic first, you can also jump straight to insulating your attic yourself. Most homeowners opt for fiberglass blanket insulation, especially for attics that aren’t currently insulated. If you need to fill gaps in existing insulation, loose fill may be more convenient. Installing fiberglass insulation in an attic costs an average of $1,343, but it adds 107 percent that amount to a home’s resale value, making this the best home improvement project for your money.

2. Steel Entry Door

Installing a steel door is a great way to upgrade your home’s security while also adding to its resale value. These heavy doors are nearly impossible to kick down or bend, and installing one is easy when you opt for a prehung steel door. Since prehung doors arrive already in their frame, homeowners don’t have to worry about ensuring their entryway is weathertight. Installing a new door takes one to two days and costs $977 - $1,413, depending on the door, but homeowners will recoup 90.7 percent and their sale will benefit from increased curb appeal.

3. Manufactured Stone Veneer

Struggling with a house that seems to disappear into the neighborhood? Adding manufactured stone veneer to your home’s exterior makes your house stand out in a sea of vinyl siding. Manufactured stone is much easier to work with than natural stone, so homeowners can make this project a DIY job. However, while the project isn’t particularly complex, it does affect the first thing potential buyers see. For that reason, it may be wise to let professionals handle this job. Stone veneer adds an average $7,019 to a home’s price, which, for most homeowners, is about 90 percent of the total cost.

4. Minor Kitchen Remodel

As tempting as it is to overhaul your entire kitchen, it’s actually minor kitchen remodels that pay. While homeowners could shell out $33,347 or more and wait three to four weeks for a full kitchen remodel, minor remodels usually cost under $20,000, take much less time, and pay back 80.2 percent of their cost when you sell. While homeowners can DIY aesthetic updates like a new paint color or cabinet hardware, contractors should be hired to install appliances, cabinets, and countertops, as well as to handle all electrical and plumbing work.

5. Garage Door Replacement

The garage door is one of the most prominent features on many contemporary homes, and replacing it is a quick way to add to your home’s curb appeal. After deciding between steel, composite, wood, or aluminum, find a reputable contractor to complete the installation. Garage doors are heavy and include a lot of parts that must be installed precisely for the garage door to function, so it’s best not to attempt this home improvement project yourself. When you hire professionals, HomeAdvisor.com estimates that you should expect to pay between $730 - $1,422.

Now that you’ve identified some projects to boost your home’s value, it’s time to start planning the remodel. Decide which tasks you’d like to make a DIY project and which ones you should hire professionals for. When it’s time to hire, follow the Federal Trade Commission’s advice for hiring a contractor you can trust. When it’s all said and done, you’ll be glad you put the tough jobs in the hands of the most capable person.

Thanks to Eugene Williams at DIYDad.info for this article, visit his website for more information about all things DIY!

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Greg Raymer

I am a Broker with over 15 years experience. We offer our buyers an exclusive VIP Buyer Program where, among other things, you get a free 1-year home warranty that is worth up to $500 along with our B....

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