Remodeling magazine has researched which home improvement projects have the biggest pay-off. Here are my top 10 ways to get the most from your home improvement project.
If you have enough room in the attic, turn it into a bedroom. The cost is about $42,000, but you will recoup 68 percent or $29,000.
You've always wanted a master suite addition. In Jacksonville, it will cost about $90,000, but you'll recoup 65 percent or nearly $60,000.
Replacing the vinyl siding on your home will cost $9,500, but you can recoup 66.6 percent or $6,300.
A minor kitchen remodel can also translate into a nice return. The average cost is about $20,000, but you will recoup 71 percent of your cost.
Replacing the windows with double panes will not only improve your efficiency, but you will recover 71 percent of your investment. The job cost about $9,000.
Replacing the front door is also a good investment. If it is a fiberglass replacement, you will recoup 73 percent of the cost. Installing a fiberglass door is about $3,000.
Adding that wood deck you have always wanted to your home also pays off. The cost: $9,000, but you will recoup 74 percent.
We all want the roof to last forever, but if it needs replacing this is also a good return on the investment. The average cost is about $17,000, but you will get back 75 percent of the investment in your home's value.
An average garage door will cost $1,000 to replace. It impacts your curb appeal and you will recoup 100 percent in value to your home.
Number One: The top home improvement that gives you a big return is a steel entry door replacement. It costs $990, but you recoup 490 percent or $4,800 in added value to your home.
A tip: Investing in a swimming pool is not among the top 10 because depending on the community, what you recoup on your investment is small, if not zero.
The 5 highest midrange home improvement projects for Jacksonville that will yield the highest return:
1. Entry Door Replacement (Steel) - Cost Recouped: 490.2%
2. Garage Door Replacement - Cost Recouped: 100.2%
3. Roofing Replacement - Cost Recouped: 75.5%
4. Deck Addition (wood) - Cost Recouped 74.5%
5. Entry Door Replacement (Fiberglass) - Cost Recouped 73.6%
The 5 lowest yield projects:
1. Home Office Remodel - Cost Recouped: 40.5%
2. Backup Power Generator - Cost Recouped: 47.1%
3. Sunroom Addition - Cost Recouped: 48.8%
4. Bathroom Addition - Cost Recouped: 48.7%
5. Bathroom Remodel - Cost Recouped: 52.8%