As we long for the warmer weather and longer days that spring will bring us, many homeowners start thinking about home improvement projects. Cold temperatures and snowy weather have kept us stuck inside, and the prospect of sprucing up your home’s exterior gets our DIY juices flowing. When considering which exterior home remodeling projects will improve the look and comfort of your home while retaining their value at resale, which projects make the most sense?
According to Remodeling magazine’s 2014 Cost vs. Value Report, all 35 projects in the survey show the value of remodeling us up for the second year in a row. And improved resale value was more of an influence on the ratio than construction costs. This is good news for homeowners making an investment in home improvement because it means they can recoup more of the project’s cost when it comes time to sell their home.
Top projects in the Cost vs. Value mid-range category include a wood deck addition, attic bedroom, garage door replacement, and minor kitchen remodel. But topping this year’s list of the most cost-effective project is a steel entry door replacement. In fact, the return value jumped a whopping 11 points to 96.6%.
While replacing your front door is the most cost-effective project to invest in to recoup the most dollars when it comes time to sell, there are many other benefits to an entry door replacement. Older doors, especially those made of wood, deteriorate from years of use and abuse. Wood can crack, rot, and warp, making them drafty. They let warm air escape in the winter and let in hot hair during the summer. This puts extra strain on your HVAC system as well as your utility bills.
Steel entry doors contain a solid foam core, which adds an extra layer of insulation from the elements, making your home much more energy efficient. Metal doors are durable and won’t rot or crack like wood doors. And unlike wood doors, steel doors do not require the regular maintenance of painting or sealing cracks that wood doors require.
Steel doors are available in a variety of colors and patterns. From sleek finishes with bold colors to warm tones with a wood grain texture, there’s bound to be a steel door to complement any home style. No glass, partial glass, or full glass are all options, as are sidelights and transoms. To complete your customized look, there is an almost-dizzying variety of door hardware styles and finishes.
Replacing your entry door is the number one home improvement project to give you the most bang for your buck when it comes time to sell your home. And a new door will keep your home warmer in the winter, put less strain on your HVAC system, and save you money on utility bills.