Houses can sell quickly or take a long time. Some factors that can affect the sale of a house are the price, condition, location and whether it’s been used as a rental property.
Tip for selling a home: Make your home look as desirable as possible. You can accomplish this by decluttering, making repairs, and even giving your house a new coat of paint. Tip for selling a home: Home staging is a technique often used by sellers to make their homes more attractive to prospective buyers. It involves using furniture that is neutral in color and design and placing it in areas that are most commonly used.
Having short sales and especially foreclosures on your street decreases the value of your home. Even if they are not direct comparables, as in same square footage and the number of bedrooms and baths, they are in your immediate neighborhood, so can make the entire area depreciate in value.
For most major markets, the Zestimate for on-market homes is within 10% of the final sale price more than 95% of the time. The nationwide median error rate for the Zestimate for on-market homes is 1.9%, while the Zestimate for off-market homes has a median error rate of 6.9%.
As described by Remodeling Magazine, this simple deck replacement uses a linear pattern and adds a built-in bench and planter.
Composite deck material is used, and the project includes three stairs and a railing.
9. Steel entry door replacement
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Average cost: $2,082
Return on investment: 65.0%
Replacing a front door with a steel door and a new lockset provides the opportunity to spruce things up when it comes to curb appeal. This improvement features a clear, dual-pane half-glass panel.
8. Wood deck addition
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Average cost: $16,766
Return on investment: 65.8%
According to the report, this 16-by-20-foot wood deck addition provides a better return than a composite deck addition, increasing the resale value of your home by $11,038. Plus, it costs less than the composite deck.
7. Wood window replacement
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Average cost: $23,219
Return on investment: 67.4%
This project to replace 10 existing 3-by-5-foot double-hung windows uses insulated, low-emissivity windows, which have a special coating that reflects heat to help regulate indoor temperatures.
The interior window is trimmed in stained hardwood. The exterior adds to curb appeal with an aluminum cladding that is custom-color matched to the existing trim.
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6. Vinyl siding replacement
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Average cost: $16,576
Return on investment: 68.3%
This is another curb appeal project that can boost your ability to get a little more of your money back when you make an upgrade.
Sometimes the material makes a difference in your ability to recover more from an upgrade.
This can be true of window replacements as well as deck additions. Choosing vinyl over wood can potentially cost less and recoup more of the expense, as this project suggests, when replacing 10 existing windows with insulated, low-emissivity, vinyl ones.
This is the only upgrade on this list that is an interior project, rather than an exterior project.
Remodeling Magazine shows that making rather minor changes, such as replacing the range and fridge and changing the cabinet fronts and counters, pays you back better than most projects. Also included: a new midrange-priced sink and faucet.
If you opt to replace the cabinets instead of just the fronts, you might want to check out the American Woodmark or Ikea Sektion collection. They earned the highest customer satisfaction ratings in J.D. Power’s Kitchen Cabinets Satisfaction Study in 2020, as reported in “4 Kitchen Cabinet Brands Earn High Marks From Homeowners.”
2. Manufactured stone veneer
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Average cost: $10,386
Return on investment: 92.1%
This Remodeling Magazine project includes removing a band of siding from the bottom facade and replacing it with a manufactured stone veneer. The resale value attached to this project is $9,571, resulting in the potential to recoup slightly more than 92% of what you spent.
1. Garage door replacement
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Average cost: $3,907
Return on investment: 93.8%
Topping the list for the best return on investment is another curb appeal project.
Spend less than $4,000 to replace the garage door, including the tracks, and you could enhance your curb appeal as well as see a return on investment of more than 93%, which is better than all other projects in this study.
