Homeowners often want to know which renovation projects will
offer the highest return on investment when they sell. Data from Remodeling’s “2020 Cost Vs. Value
Report” indicates that for mid-Atlantic states, exterior projects offer a higher
return than most interior projects.
Among the projects offering the highest return are:
Garage door replacement
Manufactured stone veneer
Siding replacement
Wood replacement windows
Deck addition
Steel entry door
According to Remodeling’s report, the return on
investment for these projects ranges from 71.4% for the steel entry door to 106.3%
for a garage door replacement. A minor kitchen remodel is the only interior
renovation project ranking in the top ten.
Homeowner’s considering stone veneer should make sure their
contractor takes the necessary steps during installation to prevent moisture penetration.
If you’re planning a move, contact Annette Nelson for personalized
advice on preparing your house for sale and information on market trends in
your area: (610) 247-7892 or annette@preferredhomes.com.
#realestate #homerenovation
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