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There are certain home improvement projects that will add more value to your home than others. The 2024 Cost vs. Value report is a good road map for home projects. The renovations listed are worthwhile ways to increase your home’s value, according to national averages in the report.
If you are selling your home or considering selling, these upgrades can easily attract homebuyers. Or, if you are simply looking to make updates to your home that make financial sense, these should maintain or increase your home’s market value.
1. Minor Kitchen Remodel, 96.1% Cost Recouped
There are different levels of kitchen remodeling. It can range from small changes to a complete overhaul of the space. Luckily, even a minor kitchen remodel should increase your home’s value. Details such as painting, adding a backsplash, and changing the cabinet hardware can give your kitchen a facelift.
If you’re ready to go further, add lighting or new, upgraded appliances. From there, changing the faces of the cabinets can also be a worthwhile home improvement project without breaking the bank. There are other ways to save on your 2025 kitchen remodel, such as keeping it simple and doing some of the work yourself.
2. Entry Door Replacement, 188.1% Cost Recouped
One of the biggest boosts to your home’s curb appeal (and market value) is the front door. Fiberglass or steel doors have a particularly high return on investment. In addition, they can also boost your home’s security and energy efficiency. Check out more information about replacing your front door, such as how to know if it’s time to do so and if you can do it yourself.
3. Garage Door Replacement, 193.9% Cost Recouped
Upgrading your garage door is another home improvement project that will add value to your home. There are many types of garage doors, so you have the opportunity as a home owner to purchase one within your price point and style. Most garage doors last 15-30 years, so this investment should last. You can also check out a chart of typical garage door costs here.
Although it’s possible for a skilled DIYer to install on their own, you may want to enlist the help of a professional. Bainbridge Island is also home to a local service vendor if needed: Bainbridge Island Garage Doors.
4. Manufactured Stone Veneer, 153.2% Cost Recouped
Manufactured stone veneer is another worthwhile home improvement project. While it looks like stone, it is usually touted for its lighter weight and ease of installation. Similarly, it can be used in a wide variety of different home projects. Inside your home, it can make a fireplace or accent wall stand out from the rest. Outdoors, it can enhance the front façade, pillars in the front of the house or even the chimney. Even the backyard can benefit. Sometimes it’s used to cover outdoor spaces like a BBQ area or an outdoor kitchen.
When deciding whether to use manufactured veneer stone or natural stone, consider the pros and cons of each. In some cases, natural stone may work better for your project even if it doesn’t have the same return on investment.
Bainbridge Island’s real estate market is strong. If you’re thinking of selling, reach out to any of our local experts. They would be happy to conduct a free Comparative Market Analysis. From there, you can discuss what upgrades would be most beneficial, local market trends, their top tier contractors, and your home selling timeline.
