Homeowners have many reasons to update their houses. One significant reason is to increase the overall value of a property–a big plus if you’re planning to sell your home soon. But which projects are worth the investment? The Remodeling 2018 Cost vs. Value Report* (www.costvsvalue.com) was recently published, providing some great insight regarding which home remodeling projects bring the best Return on Investment (ROI).
The Cost Value Report shows results from 21 of the most popular home projects across the nation and at a regional level, as well as down to major metro areas. For York County homeowners wanting to know which remodeling projects bring the best ROI, a look at the results for the Philadelphia, PA metro area is a great place to begin.
The number 1 project for best ROI is manufactured stone veneer over siding. This is also one of the top projects across the nation. For our region, homeowners can expect up to a 98.6% return on their investment. Another exterior project getting top results both across the country and closer to home are new garage doors. According to the Cost vs Value report, such a replacement can bring up to 92.1% ROI for our area. The trend of exterior improvements to homes is clearly on the rise.
There’s good news for homeowners needing to replace their roof. This is an investment not only worth the protection a new roof provides, but also for the significant cost of such a project. The latest figures suggest up to 82.3% ROI can be possible. If you’re planning to sell your home, a new roof would also be a key selling feature to include in your listing.
Other exterior improvement projects are good investments for our area. A new steel entry door can bring up to 75% ROI. A new door can also help lessen drafts and increase home energy efficiency, bringing additional benefits to this type of investment. Wood deck additions can bring up to 73.4% in return. As more homebuyers are seeking properties with outdoor living spaces, it comes as no surprise to see that a wood deck is worth the cost.
If you’re planning to update your York County home, find information on more remodeling projects with an in-depth review of the Cost Value Report directly. When you’re ready to buy or sell property in York County, you want a team you can rely on. The Jim Powers Team of local, experienced Realtors® is here to help you through the entire process. Our goal is to help you from start to finish, with complete satisfaction. Visit our website to learn more, then contact us or give us a call at 717-417-4111, to get the conversation started.
* “© 2018 Hanley Wood, LLC. Complete data from the Remodeling 2018 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”