Every homeowner wants to make sure they are getting the best return on their investment when making improvements to their home. One of the best ways to measure this value is by comparing the expected amount you could recoup from the improvement if you were to sell your home. That’s the premise behind the annual Remodeling Cost vs. Value 2020 Report produced by Hanley Wood, the country’s leading home improvement publishing company.
For 2020, the top ten home improvements across the U.S. with the best average return on investment (ROI) are:
- Manufactured Stone Veneer (95.6% average ROI)
- Garage Door Replacement (94.5% average ROI)
- Siding Replacement – Fiber Cement (77.6% average ROI)
- Kitchen Remodel – Midrange (77.6% average ROI)
- Siding Replacement – Vinyl (74.7% average ROI)
- Window Replacement – Vinyl (72.3% average ROI)
- Deck Addition – Wood (72.1% average ROI)
- Window Replacement – Wood (68.9% average ROI)
- Entry Door Replacement – Steel (68.8% average ROI)
- Deck Addition – Composite (66.8% average ROI)
We are pleased to note that six out of the top ten home improvements are services that we provide here at Twin Cities Siding and Roofing. But if the Remodeling Cost vs. Value 2020 Report breaks it down even further, with average values for the Minneapolis region:
- Garage Door Replacement (96.1% average ROI)
- Siding Replacement – Fiber Cement (68.5% average ROI)
- Manufactured Stone Veneer (67.7% average ROI)
- Entry Door Replacement – Steel (67.2% average ROI)
- Window Replacement – Vinyl (65.4% average ROI)
- Window Replacement – Wood (63.1% average ROI)
- Kitchen Remodel – Midrange (61.9% average ROI)
- Deck Addition – Wood (59.7% average ROI)
- Deck Addition – Composite (58.5% average ROI)
- Siding Replacement – Vinyl (56.4% average ROI)
Fiber cement siding has been among the top rated projects for value for more than a decade, led by the phenomenal growth of James Hardie® Fiber Cement Siding products, which can now be found protecting more than 8 million American homes.
This study provides even more proof that in our neighborhood the right exterior projects, using the best materials, will deliver the best value for your home improvement dollar. Are you ready to make a smart investment in the value of your home? Call Twin Cities Siding and Roofing at 651-571-9557 to schedule a FREE in-home evaluation and estimate.
