The Best ROI Renovations to Increase the Value of Your Houston Home

Entry Door Replacement

First impressions are critical, and your entry door is one of the first things a potential home buyer sees. The average project cost is 1,093. Homeowners recoup an average of 1153. The 105% return on investment (ROI) makes front door replacement a smart and profitable investment.

Siding Replacement

A siding replacement is one of the more popular home exterior renovations. It also helps make a great first impression when you’re looking to sell your home. On average, Houston homeowners recoup 93% of siding replacement costs in Houston.

Minor Hardware (Knobs, Hinges, Fixtures) Replacement

Replacing outdated knobs, hinges, bathroom & kitchen hardware is simple! At an average cost of less than 490, you can recoup over 92% of your investment.

Kitchen Remodels

“Updated kitchens” are one of the top requested priorities from new Houston home buyers. Minor kitchen remodeling has a 90% ROI, and major kitchen renovations have a 80% ROI.

Add An Attic Bedroom

Most homes are priced on a “price per square foot basis.” It’s difficult to add livable square footage, but one way to do it is with the addition of an attic bedroom. On average, adding an extra bedroom will cost 45,154 in Houston and provide an 86% ROI. The ROI is even better in Houston neighborhoods that sell for a high price per square foot, like West University or River Oaks.

Repaint Your Home

If you have the time, energy, skills and inclination – repainting your home yourself is one of the most profitable projects with an average cost of under 700 and a return on investment of 105%. Hiring a professional painter still delivers a solid ROI of 85% (for 1,000 spent, you get 850 back when you sell your home).

Window Replacements

The return on investment for window replacement plummeted sharply in 2011, but since then it’s been slowly on the rise. Last year it was 73%, moving up to 79% in 2014. The average cost is around 10,926 with a resale value of 8,662. It may not seem like a profitable return rate, but there are considerable benefits. Energy efficient windows can keep your house cool and reduce your energy bill, not to mention a Federal Tax Credit.

Bathroom Remodels

One of the other most requested items from Houston homebuyers is “updated bathrooms, especially an updated master bathroom.” A bathroom remodel of a midrange-priced Houston home has an average cost of 56,665. Resale value is at 48,756, earning you an 86% ROI.

Deck Addition

A deck addition gives homeowners extra space and often improves a property’s exterior look. On average, adding a wood-based deck in Houston costs 8,622 with an ROI of 76%.

Roofing Replacement

A new roof costs an average of 15,811 in Houston. Homeowners stand to regain 11,728 of this when they resell, amounting to a 74.2% return of their investment.