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Renovations that make
homeowners and residents
of a home happy are always
684825-1
worth the investment. Though it’s
certainly true that projects that create
more functional, usable space and add
comfort and convenience are worth
the price, such renovations are even
more beneficial if they provide a
good return on homeowners’ financial
investment. Returns are often cashed
in when homeowners put their homes
up for sale, and each year Remodeling
magazine releases its “Cost vs. Value
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1. Garage door replacement: The
average job cost for this project is
slightly more than $4,500 but the
project is valued at $8,751, providing
an especially high 194 percent ROI.
2. Steel door replacement:
Remodeling magazine notes that a
steel entry door replacement is worth
double what it was worth in 2023. This
project offers a 188 percent ROI on an
average investment of $2,355.
3. Manufactured stone veneer: A
manufactured stone veneer is a manmade
product that appears as if it’s
natural stone. Many homeowners
prefer manufactured stone veneer to
natural stone because of the price, as
the former is less expensive and easier
to install, which means lower labor
costs as well. The comparatively low
cost of manufactured stone veneer is
perhaps one reason why it averages a
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roughly 153 percent ROI on an average
cost of just more than $11,000.
4. Grand entrance upscale
(fiberglass): Few things are as aweinspiring
as an impressive entryway,
and upgrading to a grand fiberglass
entrance door provides a 97 percent
ROI. Components of these entryways
can vary, but Remodeling magazine
notes the project may entail removing
an existing entry door and cutting and
re-framing the opening for a larger
with dual sidelights.
5. Minor kitchen remodel: According
to the “2024 U.S. Houzz & Home
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were the most popular rooms to
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the appeal of a newly renovated
kitchen, and homeowners considering
such a project may be happy to learn
that a minor kitchen remodel that costs
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an average of around $27,000 provides
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that minor kitchen remodels typically
keep the current kitchen design, size
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cabinet hardware and facades.
5 Renovations that Provide a Strong Return on Investment
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MELANIE MAZZEO
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- See Page 3 For My Recent Successes! -
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