We all know that the right home renovation projects can add hundreds, even thousands of dollars to the value of your home. The trick is picking the right projects that will get you the biggest return on your investment without busting your budget.

Through the Looking Glass
Doug via Compfight

Investing thousands of dollars of your hard earned money isn’t always the best choice and is rarely ever required in my opinion. You see, according to the 2013 cost vs. value report published in the January issue of Remodeling Magazine, a few, carefully thought out facelifts can go a long way to increasing the value of your home.

Replace your entry door

The number of improvements you make to the outside of your home; such as adding a security camera system and replacing your entry door with a steel or fiberglass security door, will go a long way to improving your home’s curb appeal and recouping some of your initial investment.

Renovate that old, outdated bathroom

If you decide that upgrading your bathroom is an option, you’ll be taking a huge step towards improving how much your home is worth both financially and aesthetically. Replacing your bathroom cabinets and faucets with one of the popular styles such as satin nickel finish or Asian-inspired bamboo faucets can be easily accomplished with very little investment.

In addition, you’ll want to take a serious look at your vanity, if it looks like a sad piece of hippie art constructed in the 70’s, try refinishing them and changing the faucets and hardware to save a little extra money but still achieve the same visual effect you would get if you had installed a new one.

Send garage door to boot camp

Given the fact that they are traditionally positioned at the front of the home, replacing your garage door is one of the best ways to make a significant change in the curb appeal of your home. A damaged, poorly painted or off-color garage door will definitely detract from your home’s overall curb appeal.

The cost associated with this project varies widely depending on the type of door selected, however a do-it-yourself homeowner can certainly save some money if they are willing to do the installation themselves instead of hiring a contractor.

Take the indoors outside

If you’re considering selling your home sometime down the line, one home improvement project that is sure to add more value to your home than almost any other project is the addition of a deck from which you can expect to recover more than 75 percent of your costs.

Being the only home in the neighborhood without a deck will likely turn off potential buyers if your home is on the market, especially during the warmer months when more families start spending more of their leisure time outdoors. Having the additional outside living space and room to entertain family and friends is becoming more and more important to families these days.

Unfortunately, the costs often associated with home makeovers and the seemingly sickly status of today’s economy, many homeowners are simply just putting off updating their homes. Fortunately, it doesn’t have to be that way and in many cases, with only a modest investment, you can easily increase your home’s value.

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