The numbers are in for the 2010-2011 Cost vs. Value report from Remodeling Magazine for home improvement. This report will give you information on how much various improvements cost and what to expect in a return when you sell the house. Most homeowners believe that improvements will increase the sell price of a property but it's not necessarily so. The best reason to improve your property is to give it an advantage over the competition. Time is money and the longer your home sits, the more money it will cost you and the harder it will be to sell.
First impressions are so important when you are trying to sell a house and below are the top 5 improvements that make the biggest difference.
1. Replacement of the front door. The very first impression. Make sure it suits the style of the house and is an improvement in design and function. A 20-gauge steel door with a dual-pane glass window may cost about $1,218 and according to the report recouped 102.1% of your investment.
2. Replacement of garage door. An uninsulated, embossed steel door with a 10-year warranty may cost about $1,291 and according to the report recouped 83.9%.
3. Siding replacement. The new fiber-cement siding on a 1,250 sq.ft. of exterior may cost about $13,382 and according to the report recouped 80.%
4. A Minor Kitchen remodel. Many buyers consider this the most important room in the house. Buyers like fresh paint, quartz or granite countertops, stainless appliances and tile or wood floors. The cost may be about $21,698 and according to the report recouped 72.8%.
5. Addition of a deck. This is a really "Wow!" to buyers. A 16' x 20' deck may cost about $10,973 and according to the report recouped 72.8%.