These 10 Home Improvements Offer the Highest Returns

Home remodel
Photo by ESB Professional /

Thinking about remodeling your home this spring? Before you start dreaming of a happy new-looking home, know that some renovation projects pay off more than others.

In fact, a rise in the costs of building materials and labor is making it more difficult to recoup your costs when remodeling your home, according to findings in Remodeling magazine’s latest annual Cost vs. Value Report.

The report notes that new tariffs that have roiled commodities markets over the past year are likely contributing to the rise in materials costs.

Still, some remodeling projects continue to allow you to recoup most of your costs. The key is to select projects that improve the exterior of your home.

As Remodeling magazine notes:

“Nine out of the top ten high-return projects are exterior replacement — or high curb appeal — projects.”

This year’s top 10 projects — ranked by the percentage of the project cost that is recouped when a home is sold — are:

  • Garage door replacement: Project retains 97.5 percent of its value at resale, on average
  • Replacement of vinyl siding with manufactured stone veneer: 94.9 percent
  • Mid-range minor kitchen remodel: 80.5 percent
  • Wood deck addition: 75.6 percent
  • Replacement of existing siding with new siding: 75.6 percent
  • Steel entry door replacement: 74.9 percent
  • Vinyl window replacement: 73.4 percent
  • Fiberglass grand entrance: 71.9 percent
  • Wood window replacement: 70.8 percent
  • Composite deck addition: 69.1 percent

How to cut your remodeling costs

The cost of remodeling projects may be rising, but you can fight back by taking steps to trim the tab. As we have noted, there are plenty of ways to save when planning a renovation.

For instance, stop by a Habitat for Humanity ReStore when shopping for materials. As we explain in “11 Ways to Nail Savings on Your Remodeling Project“:

“Habitat for Humanity’s hundreds of ReStores sell new and gently used furniture, home accessories, building materials and appliances at a fraction of their retail prices. Donations to locally operated ReStores are sold to the public, and proceeds go toward building homes, rather than trying to fit donated items into homes that volunteers build.”

And if you’re looking for a contractor to complete that remodeling project, check out “Ready to Remodel? How to Hire a Contractor You Can Trust.”

Are you planning a home remodel in 2019? Tell us about your project in comments below or on our Facebook page.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

7 Reasons Workers Age 65 and Older Have Not Retired Yet
7 Reasons Workers Age 65 and Older Have Not Retired Yet

For some, the golden years are a time to increase the gold — but their reasons for delaying retirement vary widely.

15 Ways to Stretch Your Dollars in Retirement
15 Ways to Stretch Your Dollars in Retirement

Getting older presents new ways to save money. Study these strategies to make your golden years more golden.

The 12 Most — and Least — Reliable Appliance Makers
The 12 Most — and Least — Reliable Appliance Makers

How many of these brand names do you know?

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.