As of 2013, the average ROI for home improvement projects increased by 2.9% nationwide according to Cost vs. Value Report, Realtors. Also, the highest gains on ROI were from replacement projects rather than renovating or addition projects at almost 8% growth. Here are a few examples of replacement projects that will give you the highest return on investment for 2013.
Replacement Windows
On average, homeowners will see about 70-80% return on their investment by installing replacement windows. That means that homeowners, are not only apt to get ¾ of every dollar spent on replacement windows back when their home is sold, they will experience cost savings through lower energy bills while they live in their home. Add this to the increased comfort and greatly improved curb appeal that new replacement windows bring, and it’s an overall benefit.
Replacement Entry Door
A new door can make a great impression on a potential buyer, and greatly impacts curb appeal and increases the value of your home. Nationwide, entry door replacement yields about 70% ROI and especially when it comes to steel doors, an ROI of 85.6%.
Vinyl Siding Replacement
This year vinyl siding increased up to 72.9% ROI. There are several types of siding available - vinyl siding, foam back siding and cement fiber siding - all can give a major boost to curb appeal. In addition, siding can improve the energy efficiency of the home, resulting in increased comfort and energy savings which increase your ROI.
At Aspen Home Improvements, we strive to provide the best customer service and solutions to all your home improvement challenges. Our specialists are experienced in replacement windows, custom exterior doors, and vinyl siding. Contact us today to see how we can help with your home improvement needs.
Thanks for such a nice post.
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