The warm season is traditionally the busiest home-buying season of the year, but the warm months are also the time when the market is flooded with inventory as would-be buyers put their existing homes up for sale. Modern remodeling projects can help increase a home's value and make it more attractive to potential buyers, but not all projects have the same return on investment.
Here are the top home remodeling projects according to USNews.com.
- Start small. Every potential buyer sees the front door before they enter the home, so it's no surprise that replacing the home's front door marks the biggest return on investment. A new door could add 96.6 percent of the amount spent on it in new home value.
- Delighted by a deck. Looking for a project that will hold its value and excite buyers? A wooden deck does the trick. A deck project costs $9,539 nationwide, but homeowners can recoup up to 87.4 percent of that cost when selling the home.
- Attic bedrooms. Most homes don't utilize their attic space, so those that do are attractive to buyers. Attic bedrooms have an average return 84.3 percent of what is spent on them.
- Replace the garage door. This inexpensive switch can have a big impact on the curb appeal of a home. The average garage door replacement costs $1,534 with a return of up to 83.7 percent upon sale.
- Update the kitchen. An updated kitchen is usually a home's top selling point, and minor kitchen remodels could have a return on investment of 82.7 percent.
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