Which Home Improvement Projects Have the Greatest Return on Investment?
When most people think of home improvement projects, they focus on upgrades like granite countertops, updated bathrooms with walk-in showers and fancy tile, and improved living rooms with top-notch electronics. However, do these projects offer a really great return on investment? While these might catch the eye of potential buyers, the real value is in projects involving roofing, siding, gutters, windows and doors.
Increase your home’s value with a new roof and guttering system
Few things can be more compromising to your home’s value than a leaking roof. According to ISoldMyHouse.com, replacing a bad roof brings a 75 percent return on investment. New guttering systems are equally important in carrying away the water so it won’t stream down the side of your house and into the foundation where you run the risk of ruining the foundation and flooding the interior of your home.
You also have to remember that despite that excellent ROI, without a new roof the contents of the home are at risk, so this is basically a “no-brainer.” Furthermore, if you decide to sell your home and the roof needs work, most first-time homebuyers will not be able to get a home loan for a property such as this.
There doesn’t seem to be too much that’s exciting about getting new siding until you consider that this project can bring you a nearly 90 percent ROI in some cases. Aside from offering you more curb appeal, the real value in new siding is that it provides more insulation power, which means your utility bills should be lower in the summer and winter. New siding will also help protect your home from the elements and prevent moisture and pests from penetrating your structure.
An even better return on investment involves installing windows that are energy efficient. Windows occupy (on average) around 15 to 20 percent of the surface area of walls, which means that they will let in more heat in the summer and cold in the winter than any other surface of the home.
By some estimates, Americans lose around $20 billion per year in heating and cooling costs due to windows that aren’t energy efficient. You can see an 85 percent ROI with new windows.
Update and upgrade with new doors
Did you know that your old doors could be costing you money? If you feel a draft every time you walk by your front, back, basement or side doors, that means your probably spending too much on utility bills. Furthermore, your old doors could be a security risk.
Newer doors have more security features, making them less vulnerable to the bad guys who want what’s in your house. Beyond utilities and security, a new door is also a great way to give your home a facelift. There are a number of styles to choose from that are energy efficient and secure, offering as much as an 80 percent return on investment. This is one of the reasons why contractors say door projects rate in their top 10 most requested jobs.
Increase your home exterior ROI with roofing and siding contractor
Don’t risk compromising the quality of your roof, siding, gutter, window, and door renovation project on just any contractor – choose VIS Exterior. We carry products made by the most trusted manufacturers, and we have a team of experts ready to professionally install them. Contact us today at (630) 230-8533 and let’s talk about your next home improvement project.