Planning your remodel and want make sure you’re spending your hard-earned cash wisely? Each of these replacements and upgrades earned top honors in Remodeling magazine’s latest Cost vs. Value Report* for having the biggest bang for your buck — giving you the best return on your home improvement dollar while preserving the value of your home.
#1: Tough-as-Nails Siding Replacement
Durable, weatherproof, fireproof, and resistant to insects and decay, fiber-cement siding is a popular trend for siding replacement. One of its key benefits is stability — it doesn’t shrink and expand with changes in temperature and humidity. Exterior paint and caulking jobs last longer, contributing to low-maintenance exteriors.
National average cost, replace 1,250 sq. ft. of existing siding with fiber-cement siding, including all trim: $13,461*
Value at resale: $10,493*
Percent of investment recouped: 78%*
#2: A Low-Cost Entry Door with Steely Good Looks
Few projects have the cost-effective impact of a new steel entry door. For less than $1,500, you can enhance your home’s curb appeal and recover a portion of your investment if you sell your home. Steel doors, however, lack the durability of wood and fiberglass exterior doors that cost twice as much.
National average cost, replace an existing entry door with a 36-inch-wide, half-glass, 20-gauge steel door, including new jambs and trim: $1,238*
Value at resale: $903*
Percent of investment recouped: 73%*
#3: A Bedroom with High Aspirations
Converting attic space to a bedroom reaps big rewards. You’ll add value by adding bedrooms without altering your home’s footprint. Planning is key — ask an architect or structural engineer to ensure there’s enough headroom, the floor joists are strong, and there’s emergency egress.
National average cost, convert a 15-by-15-ft. attic to a bedroom plus bath: $50,148*
Value at resale: $36,346*
Percent of investment recouped: 72.5%*