Smart Home Improvements Can Yield Big Returns

By Chanelle Rogers

Everyone loves a fancy outdoor living room but even the Property Brothers know that small investments in your home can pay off big in the long run.

Major projects like new windows, kitchen and bath remodels, master suite additions and basement renovations are costly but add good value. I’ve got some improvement ideas that won’t break the bank and will make you look like the smartest kid on the block!

According to Remodeling Magazine’s Cost v. Value report, there are some pretty inexpensive upgrades that can actually give more bang for your buck. The chart toppers include energy-saving improvements like new insulation, curb appeal pizzazz like new landscaping and an attractive garage door, and improved safety measures like steel security doors.

Another trending category for improvements is Universal Design — ways to accommodate the elderly and disabled, ensuring that existing or newly installed features can be used by them just as easily as anyone else. Think shower grip bars and lever-style door handles; these upgrades offer a 68.4% return.

You can expect a 64% average return on home improvement projects, but here are some minor improvements you can finish before the summer ends and see big returns down the road when you’re ready to sell your home.

Project: Attic Insulation

Cost: $1,410

Resale Value: $1,248

Return: 88.5%

 

Project: Steel Entry Door

Cost: $1,522

Resale Value: $1,589

Return: 101.4%

 

Project: New Garage Door

Cost: $2,094

Resale Value: $1,791

Return: 85.5%

 

Project: New Landscaping

Cost: $2,000

Resale: $2,100

Return: 105%

 

 

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