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The ROI of Exterior Home Improvements

Featured, News, Remodeling

Many people have a “wish list” of home improvement projects that range from small things like a new light fixture – to bigger ticket items like total renovations. As you look to prioritize your projects this year, there are lots of factors that might weigh your decisions. Whether you’re thinking of selling in the near future or not – it’s always wise to consider the return on investment (ROI) of the projects.

As you prioritize what home improvement projects to tackle, be sure to factor in the tangible and intangible ROI into your decision-making process.

When it comes to exterior home improvements like new siding, replacement windows or roof replacement – there is tangible ROI that measures the cost you can recoup in the increased value of your home… but there’s also the intangible ROI that does not have a dollar value. How can you measure the great joy you feel every time you arrive back at home and see your beautiful house that looks exactly how YOU wanted it to? Or the intense pride you get every time a neighbor or visitor compliments you on the curb appeal of your house? Harder to quantify – but amazing to experience.

Below are the most recent valuations of the tangible ROI as measured by Remodeling in their Remodeling 2022 Cost vs. Value Report.  The chart below measures the anticipated ROI for some of the most common projects specifically valued for our local Milwaukee market.

 

Cost Vs. Value ROI

Return on Investment of Exterior Remodeling Projects

As you can see from the chart above, the typical project costs for exterior home remodeling projects are lower than, perhaps, a kitchen remodel – and the estimated ROI dollar value can be far higher. So as you prioritize what home improvement projects to tackle, be sure to factor in the tangible and intangible ROI into your decision-making process.

Ready to improve the exterior of your home AND its value? Reach out today! Our knowledgeable team is ready to help you get the best ROI.

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