4 Home Improvement Projects That Offer A Great Return On Your Investment

When it comes to remodeling and home improvements, most homeowners do not have an unlimited budget, so they have to be wise with their dollars. Choosing which projects to tackle first can depend on a number of factors, but it is always a good idea to focus on improvements that add value to your home and also offer a good return on your investment when you sell your house. Consider the following projects if you want to recoup as much of your financial investment as possible:

Get a New Steel Entry Door

You may not think about your front door often, but replacing your current door with a new steel one can add style to your home while also making the house more secure. One of the best things about getting a new steel door is that it will more than pay for itself when you sell your house--you can expect to recoup 101.8% of what you spend. 

Build a Wood Deck

Outdoor living spaces can be an extension of your home, and a wood deck will give you and your family a great place to relax, unwind, and enjoy being outdoors together. Whether you want to build a small wood deck or one that extends across the whole back of your house, it is a good investment. On average, you will get back 80.5% of the money you spend to have your new deck constructed. It's a win-win situation--you get to enjoy using the deck while you live in your home and will receive the majority of the building costs back when you sell.

Replace Your Windows

Your windows may seem like they are in okay condition, but old windows typically let in a lot of heat in the summer and cold air in the winter since they are usually not energy efficient. If you have single pane windows, you may also notice that you can hear a lot of noise from the outside because old single pane windows don't provide much soundproofing. When replacing your windows, purchase the most energy efficient ones that you can afford--you will most likely notice big savings on your monthly heating and cooling costs. Wood replacement windows have a 78.8% rate of return, while vinyl windows offer a 72.9% return on investment. You can visit sites like http://www.newjerseywindow.com for more information.

Remodel Your Basement

If you have an unfinished basement, you may want to seriously think about remodeling it. Finishing a basement can add valuable livable square footage to a home, which can be very useful if you have a growing family. Adding additional bedrooms or bathrooms in a basement can also make your home much more attractive to potential buyers when you sell your house. You can expect to get back 72.8% of money spent on the project upon the sale of your home.