While there is almost no limit to how much money you can spend improving a home, the real question is: which repairs are the best investment? Improvements that hold their value – or even add value to your home – don’t just make economic sense, but may also save in more ways than one. For example, many energy efficient upgrades can double as tax deductions. So if you are consider upgrading your home, here are the five best value upgrades under $5000.
Attic Conversion. Offering a return on investment (ROI) that averages 77.2%, an attic conversion can valuable living space, and with a little extra insulation, can be soundproofed to provide even more serenity.
Steel entry door. A steel door doesn’t just add security, with a ROI of 101.8%, it offers a tremendous bang for your buck. And the national average cost of a steel door is a modest $1230.
Wood deck. Wood decks offer much more than just a great way to enjoy the outdoors. With more options than ever before, wood decks can now incorporate ponds, trees, barbeque areas, fire pits, and seating areas. With an average cost of $30 a square foot, a 10’ by 10’ foot deck comes in at $3000, and offers a ROI of 80.5%.
Garage door replacement. Often one of the first things people notice about your home is the garage door. And with an abundance of styles available, garage doors can significantly beautify your home. With an average cost between $1595 and $2944, and a ROI of 82.5%, garage doors are a great way to add value and appeal to your home.
As a home is the largest investment most of us will ever make, it makes sense to know the ins and outs of how to maximize that investment. By following the four tips above you can add significant value, and aesthetic appeal to your home.
This article was brought to you by ASAP Roofing, a nationwide leader in hail restoration, home weatherization, and exceptional customer service.