8 Exterior Renovations to Boost a Home’s Value | Realtor Magazine
Replacing the roof may be the most important upgrade your client can make to the exterior of his or her home, according to the National Association of REALTORS®’ 2017 Remodeling Impact Report. The report takes a look at the cost of the most common exterior and interior renovation projects and gauges how appealing they are to home buyers at resale.
REALTORS® ranked new roofing, vinyl windows, and garage door as the three exterior projects that have the most appeal to buyers. Based on the potential for return-on-investment, the following exterior projects offer the best chances for the biggest returns at resale, according to the report.
New roofing
- Cost estimate: $7,500
- REALTORS®’ estimated cost recovered: $8,150
- Percent of value recovered from the project: 109%
New garage door
- Cost estimate: $2,300
- REALTORS®’ estimated cost recovered: $2,000
- Percent of value recovered from the project: 87%
New fiber-cement siding
- Cost estimate: $18,000
- REALTORS®’ estimated cost recovered: $15,000
- Percent of value recovered from the project: 83%
New vinyl windows
- Cost estimate: $18,975
- REALTORS®’ estimated cost recovered: $15,000
- Percent of value recovered from the project: 79%
New steel front door
- Cost estimate: $2,000
- REALTORS®’ estimated cost recovered: $1,500
- Percent of value recovered from the project: 75%
New vinyl siding
- Cost estimate: $13,350
- REALTORS®’ estimated cost recovered: $10,000
- Percent of value recovered from the project: 75%
New fiberglass front door
- Cost estimate: $2,700
- REALTORS®’ estimated cost recovered: $1,800
- Percent of value recovered from the project: 67%
New wood windows
- Cost estimate: $35,000
- REALTORS®’ estimated cost recovered: $20,000
- Percent of value recovered from the project: 57%