Which Home Improvements Give the Best ROI

By Scott & Karen Dillman | August 26, 2022

Home improvements can seem overwhelming. However, you shouldn't let fear stop you if you're aware of what each improvement project can offer. The following are the top 10 home improvements with the best return on investment (ROI) according to Remodeling Magazine's 2021 Cost vs. Value Report.

1. Garage Door Replacement

In addition to adding value to your home, the right garage door can also ensure security and energy efficiency.

Average Cost: $3,907

Value at Sale: $3,663

ROI: 93.8%

2. Manufactured Stone Veneer

Investing in manufactured stone veneer makes sense since it can add much more curb appeal to your home.

Average Cost: $10,386

Value at Sale: $9,571

ROI: 92.1%

3. Minor Kitchen Remodel

If you are thinking about remodeling your kitchen, a minor update can go a long way with your return on investment.

Average Cost: $26,214

Value at Sale: $18,927

ROI: 72.2%

4. Fiber Cement Siding Replacement

Fiber cement is the one of the best siding option that's also incredibly eco-friendly, helping you save money on heating and cooling costs.

Average Cost: $19,626

Value at Sale: $13,618

ROI: 69.4%

5. Vinyl Window Replacement

You can get vinyl window replacements for more than just aesthetic value. The windows offer insulation that may appeal to home buyers.

Average Cost: $19,385

Value at Sale: $13,297

ROI: 68.6%

6. Vinyl Siding Replacement

If you want to improve your home's curb appeal and protect it from the elements, vinyl siding is a popular option, particularly in hot and cold climates.

Average Cost: $16,576

Value at Sale: $11,315

ROI: 68.3%

7. Wood Window

Known for their strength, wood windows combine styles from past to present, making them a versatile option made for any home’s style.

Average Cost: $23,219

Value at Sale: $15,644

ROI: 67.4%

8. Wood Deck Addition

Installing a wood deck is a great way to make the most of your outdoor space and extend your living areas. It is less expensive than composite and won't rot as long as they're treated properly.

Average Cost: $16,766

Value at Sale: $11,038

ROI: 65.8%

9. Steel Entry Door

Adding steel doors to your home not only adds value and beauty to your property, but also keeps your family safe.

Average Cost: $2,082

Value at Sale: $1,353

ROI: 65%

10. Composite Deck

There are many advantages to composite decking over wood, including its resistance to fading, scratching, and mold. It also requires less maintenance than wood.

Average Cost: $22,426

Value at Sale: $14,169

ROI: 63.2%

Improve Your Home's Value with Home Renovations

Your home is your biggest asset, so you should take good care of it even if you have no plans to sell in the future. Make sure to plan your home renovations carefully and consider the return on investment.

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