3 Projects You Can Do for Max ROI
Due to the ongoing pandemic, summer looks a lot different than many of us probably expected. Extra time at home might have you pondering a move now or in the future, or have you creating a to-do list of projects to improve and enhance the space you’re in. If either is true for you, consider putting projects that will bring you the most return on your investment towards the top of the list. Here are the top 3 projects we recommend to help you increase your home’s value, and 3 that may give you mileage when selling but don’t actually increase the value of your home exponentially.
Top 3 Projects With the Greatest ROI
- Garage door replacement: Believe it or not, a new garage door ranks above all the rest when it comes to the most return on your investment for a project. In the Minnesota area, you can expect to get over 90% of what you spend back. Things that are important to ensuring recouped costs include the material and quality of the door you choose; heavy duty galvanized steel tracks and a steel door with foam insulation are preferred.
- Siding replacement/Stone veneer: Replacing siding isn’t cheap, but you can expect to receive between 60-70% of a return on your investment. Another option is adding stone veneer to your exterior, typically to the bottom third of your home. It looks nice and increases the value of your home.
- Entry door replacement: If your entry door is in need of a refresher due to age or aesthetic, this is a great project that will allow you to recoup nearly 70% of your costs. Preferred materials include a 20-gauge steel unit with a dual-pane half-glass panel, and the door should be the same color on both sides.
Top 3 fun projects:
- Update paint colors: Pepto-bismol pink bathroom walls were trendy in decades of the past, but nowadays it takes a very specific person to enjoy that sugary pinkness. Take a look at paint palette inspiration on Pinterest or take a walk down the paint aisle at your local paint store. Popular colors of late include light gray, white, and bold statement colors like deep blues and greens.
- Paint cabinets & update hardware: Some people love oak cabinets, and others prefer the modern look of white cabinets. It’s a project you can tackle yourself or hire out depending on your motivation level, but white cabinets are all the rage in today’s kitchens and are worth considering if you’re ready to give your space a facelift. If you’re not ready to take the plunge into painting, try updating the hardware on your cabinetry to something more modern. A quick browse on Home Depot’s website will get your gears turning.
- Landscaping: Overgrown shrubs, weedy gardens, and lack of variation can be a real bummer. You don’t need to be a master gardener to make some easy and enjoyable alterations to your yard. Throw fresh mulch around trees or in flower gardens, plant native plants around your mailbox, or trim back any unruly shrubs or bushes that may be hiding the beauty of your home’s exterior. Little changes go a long way in improving your home’s curb appeal.
Other easy things that can go a long way in helping improve your home’s overall appearance both for your own enjoyment or to appeal to buyers include: new shower curtains, a good deep cleaning from room to room, and fresh towels in every bathroom.