With the housing market starting to make a turnaround, homeowners are beginning to see a good return on investment for many home improvement projects. This is great news for the home improvement industry, and even better news for those who are making improvements to help sell their home. Remodeling Magazine released their 2014 Cost vs. Value Report for the highest-return mid-range home improvement projects.
On a national average, Steel Entry Door replacement topped the list at #1,with a 96.6% cost recouped. Next in line is the minor kitchen remodel at an 82.7% return, and #3 on the list is an attic bedroom at 84.3% cost recouped.
Following after the minor kitchen remodel, Wood Replacement Windows make the list at #6 at 79.3% . The average national cost of a wood replacement window project is $10,926 with a resale value of $8,662. Wood replacement windows are a beautiful option to upgrade the interior, but they are slightly more expensive than its vinyl replacement window counterparts.
This brings us to #7 on the top 10 cost recouped list. Vinyl replacement windows take the 7th spot with 78.7% cost recouped. At the average national project cost at $9,978 and a resale value of $7,857. Both wood and vinyl replacement window projects are characterized by replacing 10 exisiting double hung windows.
Whether you choose vinyl or wood replacement windows, both versions will give you a nice bang for your buck. To stretch your dollar even further, consider investing in Triple Pane replacement windows. While Triple Pane is a little more expensive upfront, the market for triple pane is continuously expanding as homeowners become more aware of energy conservation and the benefits of choosing triple pane windows.
Keep in mind that location and choice of contractor will always affect the cost of your replacement window project. Replacement window companies advertise prices as low as $189 per window, while others quote (not advertise) prices at nearly $1,000 per window. Your recoup value will depend on factors such as materials, efficiency and energy ratings.
For the entire list, please visit Remodeling Magazine Cost vs. Value 2014 report.
