Which of these home renovations tops the list of projects that will get you the best return on investment in 2019?
- Master Suite Addition
- Swimming Pool Installation
- Garage Door Upgrade
If you guessed, “C,” good for you! A new, upscale garage door is not only functional, but it also contributes to your home’s curb appeal. And as far as upgrades go, this one is relatively affordable! According to REMODELING magazine’s 32nd annual Cost vs. Value Report, ditching the standard 16′ by 7′ garage door and replacing it with an antique-style, four-section door with decorative handles and top panel windows can yield a 97.5% payback. In dollars, the report estimates a new $3,611 garage door — which is likely energy efficient, with foam insulation and thermal seals on the window — will yield a $3,520 return.
Need a hand? NVE is here to help with a flexible home equity line of credit or fixed rate home equity loan.