Home Improvements that Actually Pay Off

Are you ready for some home improvements, but do you want to make sure that you are investing your money in projects that will pay you back? There are plenty of home improvement options that come with a great ROI (return on investment). These three home improvement projects are listed below at the top of the list when it comes to ROI.

A New Roof

A new roof is a great place to put your home improvement budget dollars. If your roof is 15 years or older and you have already had to do some repair work, replacing it is a good idea. Your roof system is essential to your home. It protects your home from the elements and all the parts and pieces inside.

How much of a return can you earn on a new roof? Depending on the type of roofing material, you can realize a return between 75% and 100% of your roof investment, according to the American Roofing Association. It is hard to find another home improvement project that can give you that amount of return on your investment, but there are a couple of other improvements that come close.

Install A Fence

Installing a fence can be a great way to improve your home, and it also comes with a great return. According to the website Angi, you can expect up to a 65% ROI on fence installation. There are a lot of reasons that people choose to install fencing. For example, many homeowners choose to install a fence for more privacy, others are more concerned about security, and others still want a fence to protect their pets outdoors. Whatever your reason is, you can have peace of mind knowing that the fence is going to pay you back in the long run.

To ensure you get the most out of your fence and the best ROI consult with a professional fencing company that offers a range of fencing options. Some fence materials like vinyl deliver a higher ROI than other fence materials like chain link options. Making an informed decision about the potential return on the fencing investment is critical to getting the most bang for your buck.

Window and Door Replacement

According to the Department of Energy, old windows and doors that are in bad shape account for 25% of your heating and cooling costs. Replacing windows and doors on your home with new energy-efficient models will immediately start paying you back with a lower energy bill every month.

You will get about a 30% ROI from new windows and doors. Of course, you are also looking at tremendous savings in your household operating costs as well. About 84% of U.S. homes are outfitted with air conditioning. The United States is the leader in air conditioning worldwide. As a matter of fact, the U.S. uses air conditioning more than all the countries of the world combined, according to the Department of Energy. Letting all that cooling (or heat in the winter) go to waste is costly. New windows and doors can fix the energy leaks around your home.

Other Home Improvement Projects That Pay You Back

While the projects listed above are the big three, there are other projects that you can put money into that will also pay you back. Retrofitting your attic with better insulation will pay you back in energy savings and cost reduction. Saving energy is on the top of most homeowners’ lists for ways they can cut costs. Insulation is an easy way to keep costs down.

Improving the landscaping around your home. According to the Realtors Association, landscaping can increase the value of your home by 13% or more. Landscaping not only adds value to your home, but it makes it a nicer place to live.

Kitchen and bath remodel not only have a dramatic aesthetic impact on your home, but these projects can have a 31% ROI. There are plenty of things you can do around your house that will add value and come with a nice return on your investment. Learn more about your options today.