Here are some projects that can add to your home’s value.
Install a steel door
Upgrading from a wooden door to a steel one may not be the first home improvement project that comes to mind, but it’s a financially savvy move that lets you recoup up to 97% of the cost when you eventually sell your home.
The average cost of an entry door replacement in the Mid-Atlantic region is $1,900, according to Remodeling Magazine’s 2018 Cost vs. Value Report.
Get better insulation
According to the folks at EPA’s ENERGY STAR®, “9 out of 10 homes in the U.S. are under-insulated.” If you have an older home, this is more likely to be the case, so it’s best to double-check.
Insulating your attic will likely cost you $1,300 to $2,000, says HomeAdvisor, but the ROI is great since improving your home’s insulation also results in significant energy savings.
This is probably one of the most low-cost, yet highly effective ways to add value to a home. A fresh coat of paint will instantly update the look of any room and if you choose a strategic color – buyers usually prefer neutral shades –this can result in several thousands more added to the sale price. Not a bad ROI for something that will probably cost you around $500 per room.
Replace your windows
New windows not only look good; they also do a better job of insulating your home and saving energy. Wood is a popular trim finish, though other window replacements like vinyl can also get the job done. In the Mid-Atlantic, a wood window replacement project costs $20,027 on average.
Replace your garage door
Replacing the garage door is a quick and relatively inexpensive way to make the exterior of your home more attractive. The 2018 Cost vs. Value Report shows that a garage door replacement – which has a regional average job cost of $3,567 – recoups its cost by over 90%. In fact, it recouped its cost by over 100% in 46 of the 100 markets that Remodeling Magazine surveyed.
For more ideas on how to increase your home’s value and for more information on the real estate markets in Norwalk, Stamford, Fairfield, Greenwich, Darien, and other nearby areas, connect with Fairday Realty at 888-567-2134 or info(at)fairdayrealty(dotted)com.