Exterior Projects with the Highest ROI
One of the easiest ways to figure out what projects are top priority is to examine the return on investment (ROI) of each. The ROI is the percentage amount of the initial cost a homeowner can expect to recoup – like a discount that is applied over time. Remodeling Magazine puts out an annual “Cost vs Value” report annually; listing exterior renovation projects as seven of the top ten project with the best ROI. What is great about exterior project is that they not only add awesome curb appeal, and have high ROI hey also pretext your home from unnecessary damage.
Roof Replacement: ROI – 102-109%
A new roof is the best return on investment that a homeowner can make. By talking to a trusted contractor you are able to choose the right materials to pay for itself in the long run. Asphalt shingles are the most popular choice in the Midwest for reroofing. Metal (properly installed) is also a suitable option to have the best ROI.
Siding Replacement: ROI – 62-70%
Siding has the largest visual impact to your home. In fact, old and worn siding can decrease a home’s value by up to 10%. Siding advancements in the past couple decades means a longer life and less maintenance. Not only does siding replacement have a decent ROI it also helps the chances of your home being sold quicker solely based on curb appeal.
Manufactured Stone Veneer: ROI – 88%
Viynl Window Replacement: ROI – 74.4%