Are you ready to tackle a home imporvement project? There are a number of ways to add the most value for the least amount of money. If you're looking to invest in 2015, a carefully planned home renovation can provide both great aesthetic value as well as increased functionality in your home.
According to Remodeling Magazine recently released its annual Cost vs. Value Report, there are a number of useful, valuable and practical home improvement projects that can be considered "smart" investments for your home in 2015.
Remember, home renovations don't have to cost an arm and a leg, by making the right choices and planning properly, these relatively manageable projects can go a long way. Here we rounded up the top renovation projects you may wish to consider:
- Garage Door Replacement - A garage, while very practical in one's home, usually comes with a standard appearance. Why be like everyone else when you can stand out and give your home an upgraded look by making your garage a home accent? Aside from upgrading to a better opening mechanism, you may consider adding a small roof or customizing the garage doors to make it more pleasing to the eyes. With an investment o $1,600 you can see an 88.4% return on investments.
- Window Upgrade - Replacing your windows after years of use can bring in a 78.8% return with an average of $11,300 investment. You may opt for wood window frames that will provide aesthetics but also help provide greater insulation. Yahoo Homes reports that a slightly cheaper alternative, vinyl window frames, will give a similar 72.9% ROI with an investment of about $11,200.
- Front Door Replacement - Hit two birds with one stone with a steel-made front door. This affordable project costs an average of $1,230 and will bring in a 101.8% ROI, reports Yahoo! This is the least expensive cost-to-value investment project for 2015.
- Kitchen Improvement - The kitchen is one of the most used and important spaces in a home. Aside from it being a family area and a valuable space in a home, a "facelift" that includes new major appliances, revisited cabinets and countertops bring in a 79.3% ROI with an average cost of abut $19,200.
- Roofing Replacement - There is an increase in roof replacement value since 2015, reports Realty Times. One can expect a 5.9% in ROI from 2014 values with an average cost of $7,740. Remove your roofing completely and remodel the top of your home for a more attractive external appearance.
Read the full report for more information.
