Cost v. Value Remodel Ideas

Spring is in the air and you may be considering some home improvements.  Remodeling Magazine’s 2013 cost vs. value report gives you an idea of what those improvements may mean to the value of your home.  The following are just a few improvements ideas.  You can find more at Remodel Magazine’s website.

Fiber-Cement Siding

Fiber-cement siding is a popular choice for replacement siding. Although its initial price is higher than many other types of siding (it’s heavy and labor-intensive to install), the durability and stability of fiber-cement means less maintenance in the long run. It takes paint well, so you can have your choice of exterior paint colors. It’s also fireproof and rot-resistant.

  • National average cost: $13,083
  • Value at resale: $10,379
  • Percent of investment recouped: 79.3%

Steel Entry Door

Replacing an older entry door with a new steel model is the most cost-effective project in the 2013 Cost vs. Value Report. A steel door costs less than half of a similar fiberglass door. The steel outer layer is susceptible to denting; a brass kickplate (shown) helps protect the door from accidental dings.

  • National average cost: $1,137
  • Value at resale: $974
  • Percent of investment recouped: 85.6%

Wood Deck

A deck is a cost-effective way to increase your living space and is a great way to enjoy the outdoors when the weather is nice. A simple deck using pressure-treated lumber is a good DIY project and saves up to 50% of a professionally built deck. Clean and seal your deck annually to keep it in great shape.

  • National average cost: $9,327 (professionally built)
  • Value at resale: $7,213
  • Percent of investment recouped: 77.3%

Wood Replacement Windows

Swapping out older, leaky windows for new wood replacement windows is a style upgrade that saves energy. The Efficient Windows Collaborative says you’ll save up to $450 per year if you switch out single-pane windows for new double-pane windows in a 2,150-sq.-ft. house. Not in the market for new? Inexpensive weather stripping will keep out the drafts.

  • National average cost: $10,708 (10 replacements)
  • Value at resale: $7,852
  • Percent of investment recouped: 73.3%

Garage Door

A new garage door is a great way to improve your curb appeal. Mid-range doors with steel veneer are readily available at home improvement centers, and come in many colors to complement your house. A skilled DIYer can install a garage door in a weekend.

  • National average cost: $1,496
  • Value at resale: $1,132
  • Percent of investment recouped: 75.7%

Upscale Garage Door 

New garage doors add style and curb appeal to your home, and upscale models take everything a step further. Imaginative garage doors made of fiberglass or steel mimic carriage doors or years gone by, or can be made to look like expensive woods. Doors with windows add light to garage interiors.

  • National average cost: $2,720
  • Value at resale: $2,046
  • Percent of investment recouped: 75.2%

 Source: Remodel MagazineHouseLogic.com