When considering home remodel in the St Louis area, many homeowners wonder which investments will produce the highest return by saving on energy costs or increasing the resale value of their home. Researching return-on-investment of remodeling projects is an important step in retaining or increasing the value of any residential property. The Cost vs. Value report done by Remodeling.com each year and has provided the data needed to make decisions. Here, we share the projects with the highest projected return-on-investment, or ROI, in 2016.
Highest ROI for Upscale Projects
Garage Door Replacement
Garage door replacement continues to be a wise investment with a return of 78% on standard model garage doors. Garage door replacement is often a project of choice; it causes very little inconvenience and is easily done in a day in most cases. More a
Siding Replacement with Fiber Cement
For the 12th year in a row, installing James Hardie® Fiber Cement siding on your home has one of the highest Return on Investment for upscale remodeling projects. This year you can expect an ROI of 65%, the second highest. Not only does fiber cement siding increase your home’s value, but it look beautiful and is one of the most durable siding products on the market. It’s no wonder over 5.5 million homes in the US are now covered with James Hardie siding products.
Another top remodeling project to mention is replacing your windows with energy efficient products. While many homeowners replace windows for esthetics and significant energy savings, these projects also increase the value of the home upon resale.
Highest ROI for Midrange Projects
Manufactured Stone Veneer
The #1 midrange remodeling project that has the highest return on investment is adding manufactured stone veneer to your home’s exterior. The beauty that the real stone look gives is an instant curb appeal booster!
Entry Door Replacement
Entry door replacement continues to have a high ROI in the St Louis area in 2016, according to the study. Whether selecting a fiberglass entry door (69.9% ROI) or steel, homeowners can expect to see the value of their home increase following the project. Entry door replacement is a small project that can yield big results.
To see the full report, click here to view the 2016 Cost vs Value Report >>
Take advantage of high ROIs on exterior remodeling projects in the Chicago area by requesting a quote today from Lakeside Renovation & Design. Our staff is eager to advise you on the best projects and products for your area as well as secure the best prices for your project. For expert guidance you can trust, rely on Lakeside Renovation & Design.