8 Exterior Renovations To Boost A Home’s Value In Davison MI
Replacing the roof may be the most important upgrade you can make to the exterior of your home, according to the National Association of REALTORS®. The report takes a look at the cost of the most common exterior and interior renovation projects and gauges how appealing they are to home buyers at resale.
REALTORS® ranked new roofing, vinyl windows and garage door as the three exterior projects that have the most appeal to buyers. Based on the potential for return-on-investment, the following exterior projects offer the best chances for the biggest returns at resale, according to the report.
New roofing
- Cost estimate: $7,500
- REALTORS®’ estimated cost recovered: $8,150
- Percent of value recovered from the project: 109%
New garage door
- Cost estimate: $2,300
- REALTORS®’ estimated cost recovered: $2,000
- Percent of value recovered from the project: 87%
New fiber-cement siding
- Cost estimate: $18,000
- REALTORS®’ estimated cost recovered: $15,000
- Percent of value recovered from the project: 83%
New vinyl windows
- Cost estimate: $18,975
- REALTORS®’ estimated cost recovered: $15,000
- Percent of value recovered from the project: 79%
Read more: Kitchen Remodels Offer Big Paybacks at Resale
New steel front door
- Cost estimate: $2,000
- REALTORS®’ estimated cost recovered: $1,500
- Percent of value recovered from the project: 75%
New vinyl siding
- Cost estimate: $13,350
- REALTORS®’ estimated cost recovered: $10,000
- Percent of value recovered from the project: 75%
New fiberglass front door
- Cost estimate: $2,700
- REALTORS®’ estimated cost recovered: $1,800
- Percent of value recovered from the project: 67%
New wood windows
- Cost estimate: $35,000
- REALTORS®’ estimated cost recovered: $20,000
- Percent of value recovered from the project: 57%
Source: RealtorMag
Here are 5 more outdoor renovation ideas:
Donald Horne, Broker / Owner | Team Success Listing LLC
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