A handy guide to prioritize your home improvement ROI dollars and get the biggest bang for your buck.

Did you know that you can often get your money back when it comes to home renovation projects?

It’s not quite simple. No one’s writing you a check when the paint dries. However, some projects boost the resale value of your home as much as you pay for them. In other words, you can count on a significant ROI when it’s time to sell.

Every year, Remodeling Magazine and other media outlets report the average ROI for a given house project. We did a little research to create this roundup of specific projects with great ROIs. So if you’re feeling unsure where to prioritize your home improvement dollars, this should give you a few ideas.

Landscaping: 100%.

Good landscaping can dramatically increase your home’s curb appeal—and resale value. This is especially true in the COVID-19 era when people enjoyed their home’s outdoor spaces more. As a result, people are willing to pay more for a beautiful yard and garden.

By landscaping, we don’t mean elaborate topiaries and a ten-foot fountain. People simply want tidy layouts, clean lines, and a few unique features. Fire pits, benches, and charming paths are a few ideas. If you want to get a little fancier, you might spend $1000 on a wood-fired pizza oven. No matter what you do, expect to enjoy an excellent ROI. The dollars you invest in your home’s exterior are almost always well spent.

Garage door replacement: Close to 100%.

A new garage door usually costs between $3000 and $4000. You’re likely to recoup almost every dollar when you sell your house.

Minor kitchen remodel: 80 to 98.5%

There’s virtually no limit to how much you can spend on a kitchen remodel. From premium appliances to luxury tile, the price tag can vary dramatically. But a minor kitchen remodel usually refers to about $20,000 of work. This might include new cabinets, countertops, or appliances, plus cosmetic changes, such as fresh paint. The ROI varies based on the upgrades and the market, but you’re likely to realize over 80%.

It’s worth noting that even major kitchen renovations promise pretty good ROI, around 91%. This is especially true if you focus on increasing square footage. Home buyers are very interested in spacious kitchens. So if you can knock out a wall or otherwise increase the space, your ROI may be even higher.

Adding an outdoor space: 70 to 90%.

Investing in outdoor space, such as a deck, a patio, or a screen room, is pretty much always a good idea. Here in Texas, especially, we love our pergolas

The ROI on outdoor space depends largely on the material you use. Wood decks, for example, often have a slightly higher ROI than composite decks. However, composite decks tend to last much longer, so it’s important to weigh the pros and cons.

Replacing your front door: 75%—possibly much more.

It may sound unbelievable, but your front door can have an absolutely massive impact on your home’s resale value. Studies show that a good door color can increase buyers’ perception of a home by over $6000. Given the fact that a good door usually costs less than $1000, you might see an incredible return on that investment.

That being said, it’s also worth noting that a poor color choice can drive down the perceived value of a home. You can’t just pick a wacky color and hope for the best. According to Apartment Therapy, your best options are slate blue, olive green, and black. And be sure to think about contrast. A dark gray house with a black door isn’t going to make much of an impression. But a pop of slate blue can add a lot of tasteful pizzazz.

Another way to boost your curb appeal: Replace that old paint with something fresh. Exterior coating is a great, long lasting option that can actually lower your utility bill.

Window replacement: 70 to 90%.

The clean lines and beautiful appearance of new windows can make a huge difference in your home’s aesthetic appeal. But ROI on new windows can vary, mostly based on the materials you choose. Vinyl windows tend to yield a slightly higher ROI than those made of wood. It’s also worth noting that consumers are becoming more and more interested in energy efficient windows. Going for the greener option is likely to make your home more attractive to future buyers.

Whether you’re ready to sell or settling in for many years, you can be smart about your home improvements. Call the experts at Texas Home Improvement to talk about your ideas and get help making the best decision. We can match you with a great contractor and help you choose the right options for your home.