What Home Improvement Projects Have the Highest ROI?

3/18/2019

Are you selling your home this year? If so, you may need to undergo a few home improvement projects to sell your house for top-dollar and maximize your profits. Whether you are enlisting the full-time help of a flat-fee realty service, or you want to take on a For Sale by Owner (FSBO), below are some home improvement projects that will give you the highest ROI.

Crunching the Numbers

Last year, the average ROI percentage for interior and exterior improvements was just over 65 percent for sales-driven renovations. Overall, that’s a low percentage compared to what experts recommend. Furthermore, the cost of making these adjustments in your home has increased exponentially.

 

What this means is that you are going to have to crunch the numbers and carefully choose your remodeling projects. Let’s take a look at some of the more profitable resale home improvement projects for mid-range and high-end projects:

Midrange

Fiberglass attic insulation replacement

107%

Steel door replacement

90%

Stone veneer replacement or installation

89%

Small kitchen remodeling

80%

Garage door replacement

76%

High-End

Garage door replacement

85%

Fiberglass entry door renovation

77%

Vinyl window replacement

73%

Wood window replacement

73%

Fiberglass main door entrance

70%

 

Where Should You Start?

Now that you’ve seen the numbers for common projects, you may be wondering what the most important home improvement investment is for your FSBO sale.

 

The answer: Improving your curb appeal.

 

Why?

 

If people drive by your home and are not impressed, they are not going to walk inside. Therefore, if you are going to spend time making significant improvements to your property, then start by improving your home’s curb appeal.

 

After all, curb appeal is a significant reason that siding replacement ranks so highly on most ROI reports.

Flat-Fee Realty Services in Minneapolis, Minnesota

If you are looking for a smarter, more affordable way to buy or sell a house in Minneapolis, then check out the benefits of flat-free realty from Home Avenue. We offer FSBO and cash back rebate incentives that you simply can’t find with traditional realty services.

 

To find out more about our products and services, call us at 952-929-7355, or you can send a message to info@homeavenue.com.