Top 5 Home Improvements - Ranked by ROI.
/Replacing the driveway with new concrete: A new driveway can significantly improve the curb appeal of a home, and it is one of the most cost-effective exterior home improvements a homeowner can make. According to Remodeling Magazine's Cost vs. Value report, replacing a driveway with new concrete can yield a return on investment of up to 98.2%. Additionally, concrete driveways are durable and require minimal maintenance, making them a great long-term investment.
Installing a new roof: A new roof is an essential home improvement that can significantly boost a home's value. A new roof can yield a return on investment of up to 98.5%, according to Remodeling Magazine's Cost vs. Value report. Additionally, a new roof can help to improve the energy efficiency of a home, which can lead to long-term savings on energy bills.
Replacing windows: New windows can help to improve the energy efficiency of a home, and they can also enhance its curb appeal. According to Remodeling Magazine's Cost vs. Value report, replacing windows can yield a return on investment of up to 91.3%. Additionally, new windows can help to reduce drafts and improve the overall comfort of a home.
Painting the exterior of a home: A fresh coat of paint can make a home look brand new, and it can also help to protect it from the elements. According to Remodeling Magazine's Cost vs. Value report, painting the exterior of a home can yield a return on investment of up to 80%. Additionally, painting a home can help to improve its curb appeal, making it more attractive to potential buyers.
Installing new siding: New siding can help to improve the energy efficiency of a home and enhance its curb appeal. According to Remodeling Magazine's Cost vs. Value report, installing new siding can yield a return on investment of up to 75.6%. Additionally, new siding can help to protect a home from the elements, making it a great long-term investment.
In conclusion, these five exterior home improvements have the highest return on investment that a homeowner can do. Replacing the driveway with new concrete is the most cost-effective option among these five, it can yield a return on investment of up to 98.2%. A new roof, new windows, painting the exterior of a home, and installing new siding are also great options that can help to improve a home's curb appeal and energy efficiency, while also increasing its value.
