{"id":5147,"date":"2020-08-18T10:04:30","date_gmt":"2020-08-18T16:04:30","guid":{"rendered":"https:\/\/purplemtn.com\/?p=5147"},"modified":"2020-08-18T10:31:22","modified_gmt":"2020-08-18T16:31:22","slug":"fall-renovation-projects-with-high-return-on-investment-worth-tackling","status":"publish","type":"post","link":"https:\/\/purplemtn.com\/fall-renovation-projects-with-high-return-on-investment-worth-tackling\/","title":{"rendered":"Fall Renovation Projects with High Return on Investment Worth Tackling"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Whether you\u2019re selling your home or if you\u2019re looking for a change, these fall renovation projects will breathe some new life into your home <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> see a return!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you haven\u2019t read the <\/span><a href=\"https:\/\/www.homelight.com\/blog\/top-agent-insights-for-q2-2020\/\"><span style=\"font-weight: 400;\">HomeLight Q2 Survey<\/span><\/a><span style=\"font-weight: 400;\">, you may not realize that the renovation project that\u2019ll give you the most bang for your buck is going to be creating a dedicated home office out of any spare space you have. Yes, this project will cost somewhere around $12,000 and you\u2019ll get an 87% return on investment, but because this is something buyers are looking for post-COVID-19, it\u2019s very likely that your house is going to sell a lot quicker than if you didn\u2019t have it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, if you\u2019re thinking about listing your home any time soon (or you just want to change things up a bit)<\/span><span style=\"font-weight: 400;\"> consider these <\/span><a href=\"https:\/\/www.homelight.com\/blog\/add-value\/home-improvement\/\"><span style=\"font-weight: 400;\">renovation projects with the best ROI<\/span><\/a><span style=\"font-weight: 400;\">, as per the <\/span><a href=\"https:\/\/www.bankrate.com\/real-estate\/home-renovations-that-return-the-most-at-resale\/\"><span style=\"font-weight: 400;\">2020 Cost vs Value report<\/span><\/a><span style=\"font-weight: 400;\"> issued by Remodeling magazine.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">1. Remodeled kitchens<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In any home, the kitchen is probably one of the most used rooms in the house. People congregate there for entertaining, meal times, and even family bonding. With that said, it\u2019s no wonder people want an updated, well-appointed kitchen! Buyers appliances that are energy efficient and stainless steel (naturally). They also want new granite countertops (concrete and marble are good choices as well), shaker-style cabinets, and sleek hardware. Remember, a fully upgraded kitchen will set you back around $23,000 for a modest renovation, but you\u2019ll get 77% of that back when you sell.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">2. New vinyl siding<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Vinyl siding is the standard type of siding on many houses, but over time it can fade and have weather-related damage. Your house will look run down and drab even if the yard looks amazing. Replacing the siding can cost around $17,000 for the average, 1,250 square foot home. Yet, you can expect to see a 77% return, which makes it worth it, in our opinion.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3. Installing energy-efficient windows<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Installing new windows is the perfect renovation for autumn because it\u2019ll save on the energy bill. The best type of windows to get are low emissivity, simulated divided light vinyl windows painted whatever color matches the existing trim on the house. The new windows can cost about $17,000 depending on how many you\u2019re going to replace, but you\u2019ll get a 72% return on top of whatever you save on energy costs.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">4. New garage doors<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You\u2019d never think that replacing a garage door will pay for itself when the house sells, but it\u2019s a cheap upgrade that gives a 94% return when the house sells. The average cost to install a new door and remove the old is going to be about $3,600 and it adds about $3,400 to the overall value of your home.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">5. Boost curb appeal with stone veneers<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Along with new siding, you can go one step further in boosting your curb appeal, you can also create a beautiful entryway by installing a manufactured stone veneer. Along with boosting <\/span><a href=\"https:\/\/www.homelight.com\/blog\/add-value\/curb-appeal\/\"><span style=\"font-weight: 400;\">curb appeal<\/span><\/a><span style=\"font-weight: 400;\"> which will appeal to more buyers, you\u2019ll see a 95% return when it sells.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Renovating is no cheap endeavor. You need to set a budget and stick to it, because while you may want the best of the best, it\u2019s going to cost a pretty penny. Plus, there\u2019s no way of knowing if the investment will pay off when you put your house on the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We recommend doing a little bit of research before plunging in. Find out what features buyers in your area are looking for and see how it fits into your budget. If you can\u2019t spring for a new hardwood floor, consider laminate. If you can\u2019t replace all of the cabinets in your kitchen, consider switching out the hardware and painting the cabinets. Even the smallest renovations can have a big impact!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re selling your home or if you\u2019re looking for a change, these fall renovation projects will breathe some new life into your home and see a return! If you haven\u2019t read the HomeLight Q2 Survey, you may not realize that the renovation project that\u2019ll give you the most bang for your buck is going to be creating a dedicated home office out of any spare space you have. Yes, this project will cost somewhere around $12,000 and you\u2019ll get an 87% return on investment, but because this is something buyers are looking for post-COVID-19, it\u2019s very likely that your house is going to sell a lot quicker than if you didn\u2019t have it. So, if you\u2019re thinking about listing your home any time soon (or you just want to change things up a bit) consider these renovation projects with the best ROI, as per the 2020 Cost vs Value report issued by Remodeling magazine. 1. Remodeled kitchens In any home, the kitchen is probably one of the most used rooms in the house. People congregate there for entertaining, meal times, and even family bonding. With that said, it\u2019s no wonder people want an updated, well-appointed kitchen! Buyers appliances that are energy efficient and stainless steel (naturally). They also want new granite countertops (concrete and marble are good choices as well), shaker-style cabinets, and sleek hardware. Remember, a fully upgraded kitchen will set you back around $23,000 for a modest renovation, but you\u2019ll get 77% of that back when you sell. 2. New vinyl siding Vinyl siding is the standard type of siding on many houses, but over time it can fade and have weather-related damage. Your house will look run down and drab even if the yard looks amazing. Replacing the siding can cost around $17,000 for the average, 1,250 square foot home. Yet, you can expect to see a 77% return, which makes it worth it, in our opinion. 3. Installing energy-efficient windows Installing new windows is the perfect renovation for autumn because it\u2019ll save on the energy bill. The best type of windows to get are low emissivity, simulated divided light vinyl windows painted whatever color matches the existing trim on the house. The new windows can cost about $17,000 depending on how many you\u2019re going to replace, but you\u2019ll get a 72% return on top of whatever you save on energy costs. 4. New garage doors You\u2019d never think that replacing a garage door will pay for itself when the house sells, but it\u2019s a cheap upgrade that gives a 94% return when the house sells. The average cost to install a new door and remove the old is going to be about $3,600 and it adds about $3,400 to the overall value of your home.\u00a0 5. Boost curb appeal with stone veneers Along with new siding, you can go one step further in boosting your curb appeal, you can also create a beautiful entryway by installing a manufactured stone veneer. Along with boosting curb appeal which will appeal to more buyers, you\u2019ll see a 95% return when it sells. Renovating is no cheap endeavor. You need to set a budget and stick to it, because while you may want the best of the best, it\u2019s going to cost a pretty penny. Plus, there\u2019s no way of knowing if the investment will pay off when you put your house on the market.\u00a0 We recommend doing a little bit of research before plunging in. Find out what features buyers in your area are looking for and see how it fits into your budget. If you can\u2019t spring for a new hardwood floor, consider laminate. If you can\u2019t replace all of the cabinets in your kitchen, consider switching out the hardware and painting the cabinets. Even the smallest renovations can have a big impact!<\/p>\n","protected":false},"author":5,"featured_media":5149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"passster_activate_protection":false,"passster_protect_child_pages":"","passster_protection_type":"password","passster_password":"","passster_activate_overwrite_defaults":"","passster_headline":"","passster_instruction":"","passster_placeholder":"","passster_button":"","passster_id":"","passster_activate_misc_settings":"","passster_redirect_url":"","passster_hide":"no","passster_area_shortcode":"","footnotes":""},"categories":[30,1,29],"tags":[],"_links":{"self":[{"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/posts\/5147"}],"collection":[{"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/comments?post=5147"}],"version-history":[{"count":2,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/posts\/5147\/revisions"}],"predecessor-version":[{"id":5150,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/posts\/5147\/revisions\/5150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/media\/5149"}],"wp:attachment":[{"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/media?parent=5147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/categories?post=5147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/purplemtn.com\/wp-json\/wp\/v2\/tags?post=5147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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