Realtors and most HGTV watchers know that updated kitchens and baths sell homes. But what about other projects? If you have some money to reinvest back into your home, and are considering which projects will give you the most bang for your buck, take a look at Remodeling magazine’s annual Cost Vs Value Report 2015 report for the Washington DC area. They compare the average cost for 35 of the most popular remodeling projects with the value that those projects retain at the time of resale.
In the DC Metropolitan area, some of the top performers are:
Replacing your front door with a steel door (113.1% return on investment)
Adding or replacing a wood deck (95.7% return on investment)
Adding a stone veneer accent (95.4% return on investment)
Replacing garage doors (91.4% return on investment)
The magazine seems to indicate that you may not recoup every penny you put into your project, but as a Realtor and former property flipper, we will tell you that you CAN earn back your investment — even profit–from certain repairs. The trick is to know which items to improve, and to what extent. Not sure what those are? Invite a us into your home to get our advice. Or ask us in the comments section and we’ll give you our opinion!