Whether you plan to stay in your house a long time or just a few years, it’s smart to know which home renovations add the most value to your place.
“Remodeling,” a magazine for the construction industry, in its 2018 Cost vs. Value report, compares the average cost of 21 remodeling projects in 149 markets with the value those projects retain at resale in 100 U.S. markets.
Here are the six interior remodeling projects that deliver the highest return.
1. Garage door replacement
- Average cost: $3,470
- Average resale value: $3,411
- Cost recouped: 98.3%
A good-looking garage door tops the list when it comes to returning cash to your pocket, the Cost vs. Value report shows. This project involves removing an existing 16-by-7-foot garage door and replacing it with a new four-section garage door with heavy-duty galvanized steel tracks. This curb-appeal enhancer will get you back almost every dollar you spent on it when you sell your house.