If you’re planning to sell your home, you might be wondering whether home upgrades can get a return on your investment or if you’re just wasting your money. However, there are some renovations that are worth the cost, even if you’re not planning on selling your home soon.
A siding and window replacement project has great resale value and can also improve the appearance and functionality of your home. Read on as ExteriorPros, one of the top storm damage repair companies, explains the impact of replacing your siding and window on your home’s value.
How Upgrades Affect the Resale Value of Your Home
Not all renovations are created equal and can increase the resale value of your home. On average, certain projects, including kitchen and bathroom renovations, have shown the greatest return on investment, regardless of the location of the home or the state of the residential property market. Nevertheless, it’s best to remember that bigger renovations are not always guaranteed greater value creation.
Homeowners who plan to sell their properties should carefully consider which renovation projects they choose to complete. When it comes to exterior renovation projects, research has found that replacing siding and windows is likely to add the most value to a home at resale.
A siding replacement project is a smart investment if you’re selling your home. Fiber cement siding, most particularly, is the third-best exterior renovation project for adding value at resale. In fact, homeowners can recover as much as 76% of the upfront cost with this project. Meanwhile, vinyl siding replacement not only improves your property’s durability and energy efficiency but also increases your home’s value by 63% of the project’s cost.
If your current windows are old and showing signs of damage, you’ll want to replace them before putting your home on the market. Any type of replacement windows can add value to a home. For instance, vinyl windows, as long as they are installed properly, can help you recover as much as 71% of the upfront renovation cost, while you can expect a 57% return on investment with wood windows. Either way, a window replacement is a great solution to boost your home’s resale value.
Count on ExteriorPros to repair or replace your old windows and siding. Call us today at (301) 632-5111 or fill out our online contact form to set an appointment.