Today I will be discussing a few of the most profitable home improvement projects of 2009. This information comes from the 2009 Cost vs. Value report created by Remodeling Magazine.
Replacing an entry door was the most profitable home improvement project of 2009. The average cost of replacing a front entry door was $1,172 and the average return on investment was 128%. This high return on investment indicates that first impressions are very important to homebuyers.
Adding an attic bedroom is also another smart home improvement if you are looking for some more space in your home. This is one of the more expensive home improvement projects that a homeowner can perform, but the return on investment for this project is not bad coming in at 83.1%.
Looking for more space to entertain? Adding a wood deck is a great solution to that problem. It's average cost to add wood deck to a home was a little above $10,000 in 2009, and the return on investment for that project was 80.6% in 2009.
Mid-range bathroom and kitchen upgrades also proved to be a smart home improvement upgrade in 2009 with an average return on investment of 71% and 72% respectively. Upscale bathroom and kitchen upgrades had a return on investment of about 10% less than the mid-range kitchen and bathroom upgrade.
Is it time to replace those old windows? Go ahead and replace them with new vinyl windows. The average return on investment for this project in 2009 was 83.6%
Finally, replacing your siding with fiber cement siding also proved to be a financially sound home improvment project with an average return on investment of 76.5%.
To see the cost and return on investment of all of the home improvement projects, visit http://www.remodeling.hw.net/2009/costvsvalue/national.aspx