HOME IMPROVEMENT: COST VS VALUE

Every year the Remodeling Magazine puts out a cost vs. value chart for each region and nationally. As a homeowner, if you plan to never leave, have at it and remodel it to your heart's desire. However, if you think you might be selling within the next year or are making improvements to prepare your home for sale - this is a must-read!

Numbers based on Remodeling Magazine for the mountain region.

#1 Manufactured Stone Veneer

Simply adding stone to the lower section of your home can bring you 100% ROI on your investment. Learn how here.

#2 Garage Door Replacement

Not sexy but has a strong impact at a 96.1% ROI with an average cost of $3500 - $4000 for replacement.

#3 Minor Kitchen Remodel - Midrange

This home remodel is way more fun to tackle because who doesn't want a new kitchen? Plus, you can add an ROI of 79.4%. A win-win. What does a midrange remodel include, according to Remodel magazine? Leave cabinet boxes in place but replace fronts with new shaker-style wood panels and drawer fronts, including new hardware. Replace cooktop/oven range and slide-in refrigerator with new energy-efficient models. Replace laminate countertops; install midpriced sink and faucet. Add new resilient flooring. Finish with painted walls, trim, and ceiling.

#4 Siding Replacement With Fiber Cement

Again, siding replacement doesn't have quite the glamour a kitchen remodel has, but it will bring you a 78.6% ROI, especially with durable materials like fiber cement siding.

#5 Window Replacement with an ROI of 76.6%

#6 Siding Replacement, Vinyl with an ROI of 74.4%

#7 Deck Addition, wood with an ROI of 70.1%

Which Improvements have a lower ROI?

Major kitchen remodel - upscale: 51.2%

Entry Door Replacement, steele: 54.6%

Bathroom remodel, upscale: 57.8%

Be sure to check out this link from Remodeling Magazine that breaks down home improvements by price plus a description on how to complete it.

***ROI estimates are for Colorado Region.