Real estate experts agree that investing in the repair and upkeep of your home is the best way to helpmaintain its value. For homeowners who are uncertain as to which type of home improvement project offers the best “bang for the buck” for their remodeling dollars, home publishing company Hanley Wood Media offers an annual national survey of the top rated projects, including their expected return on investment (ROI).
Since the survey began more than a decade ago, siding replacement has consistently placed among the top projects for value. This year is no exception. For homes in the West North Central region of the country (which includes Minnesota), the top 10 home improvement values for 2018 are:
- Manufactured Stone Veneer (82.8% average ROI)
- Garage Door Replacement (82.4% average ROI)
- Deck Addition (wood) (72.3% average ROI)
- Siding Replacement (72.1% average ROI)
- Entry Door Replacement (70.9% average ROI)
- Window Replacement (vinyl) (69.6% average ROI)
- Minor Kitchen Remodel (67.6% average ROI)
- Window Replacement (wood) (62.5% average ROI)
- Universal Bathroom Remodel (61.2% average ROI)
- Grand Entrance (fiberglass door) (60.5% average ROI)
The annual rankings compare cost vs. value on a wide range of home improvement projects, ranging from room additions and major remodels, to exterior renovations like windows, roofing, landscaping and siding. The Hanley Wood research team takes the average job cost and the average resale value and rank projects by the average percentage recouped, or the average amount the home’s value is increased.
And which is the best value in siding materials? More and more homeowners in Minnesota are choosing James Hardie fiber cement siding over any other siding choice. The return on investment realized from James Hardie fiber cement siding goes beyond enhanced home value to deliver many years of improved energy efficiency and superior protection of your home.
Plus, James Hardie fiber cement siding makes any home more attractive, is easily customizable, and available in a wide range of colors and textures that won’t fade with time.
When you’re ready to discuss the installation of James Hardie fiber cement siding in Minnesota, call Twin Cities Siding Professionals at (651) 967-0873 to schedule a FREE in-home evaluation and estimate.