Renovating your home can add value to your home’s property—but not every renovation will give you top dollar in terms of ROI. For example, a closet renovation can cost roughly $3,500 and only yield 57% in terms of ROI. While it’s great to have extra storage for clothes and shoes, the reality is that you likely won’t see much (if any money) back on this project.
And while that new bathroom addition might sound like a bright idea, the truth is that it will cost homeowners around $42,000 and yield 56% ROI.
When it comes to upgrading the value of your property, you need to be smart about your investment. Vinyl siding is one of the best selections for transforming the look of your home, enhancing its energy efficiency, and increasing the value of your property.
Best of all, new vinyl siding installation has an ROI of over 70%. This is one of the highest ROIs that you can get out of home renovation, along with replacing your windows and adding a new entry door.
The truth is that it’s not enough to select any style or quality of vinyl siding. In fact, choosing the right vinyl siding can drive buyers away if you’re planning on selling your home. According to a recent study conducted by the National Association of Home Builders (NAHB), quality is the most important trait for homebuyers shopping for a new house.
This means that homeowners should be focusing on investing in premium vinyl siding to effectively increase the value of their home.
If you aren’t familiar with vinyl siding, it can be tough to determine quality. There are several steps to determining the quality of your vinyl siding, which includes:
When it comes to increasing the value of your home, you don’t want to cut corners. Universal Windows Direct offers premium quality siding at an incredible value for Cleveland residents. Contact us today to learn more.