Some home improvement projects pay off more than others when it comes time to sell. For homeowners considering putting their houses on the market in the next year or so, here are several jobs to tackle — and some budget alternatives — that can help attract buyers and boost your home’s value without overspending.
Add Attic Insulation
Hold off on those flashy, pricey renovations, because energy efficiency is what really pays off. Adding fiberglass insulation to the attic to help maintain a home’s temperature can boost resale value. On average, homeowners saw a 116.9% return on investment after adding attic insulation, according to solar matchmaking site Energy Sage. HomeAdvisor ballparks an average cost of $1,700-$2,100, but that includes hiring a pro to do the dirty work.
Swap Siding for Stone Veneer
Nothing dates a house quite like dirty, aging vinyl siding. Swapping just the bottom third of that siding for manufactured stone veneer can seriously boost a home’s curb appeal and bring a more than 95% return on a homeowner’s investment, according to Remodeling magazine. The magazine’s experts estimate that replacing siding (in part or completely) costs a nationwide average of $9,357.
Replace the Front Door
Replacing a tired-looking front door may be a smart move. This simple project can recoup nearly 70% of its cost when you sell, according to the Remodeling 2020 Cost vs. Value Report. A steel door is a better value than fiberglass for most homeowners. It could lead to a healthy 68.8% return on investment, according to Remodeling’s data, and with installation costs an average of $1,881. The magazine also found that an enhanced entryway, of which a door is a key part, can add as much as $24,000 to a home’s perceived value.
Replace Garage Doors
Don’t stop with the front door— the garage door may need to be replaced, too. This project also brings a return of about 95% on homeowners’ investment, according to the Remodeling 2020 Cost vs. Value Report. The report says prospective sellers in upscale areas may want to splurge on higher-end carriage-style doors with a heftier price tag of more than $3,600.