Charts
The Home Improvement Projects with the Strongest ROI
Deciding which home improvement projects are worth your time and money can yield big payoffs. Whether you think you’ll sell yourself soon or want to increase your comfort and value, you can use this new study from Ace Handyman Services to decide which projects to tackle. Their article “Which Handyman Home Improvement Projects have the Biggest ROI?” pinpoints the upgrades and repairs that will give you the greatest return on investment.
Click below to zoom.
The study focuses on cost-effective projects that offer a tangible increase in home value. These projects will improve the home’s functionality and make it look more cared for. Both qualities are appealing to potential buyers. Some of the top upgrades the team lists are garage door replacement, new entry doors, refinishing floors, fixing siding, and painting the walls. Landscaping and proper lawn care also go a long way toward increasing curb appeal. Nationwide surveys show that simple cosmetic upgrades can add over 100% of the project’s cost to the home’s value. This is particularly true if you paint in neutral or modern colors.
Experts also point to kitchen and bathroom improvements as good, modest cost investments. Replacing fixtures and cabinets can make a big difference. National data points to small-scale kitchen remodels recouping 80% to 96% of their costs, which is a much better ROI than big, expensive remodeling overhauls. We see in the team’s data that flooring and exterior upgrades also have a major impact. Well-maintained and upgraded floors are often worth more than the cost to do the project. New hardwood floors or sanding and refinishing floors add around $5,000 of resale value. A lawn care service has an enormous ROI of 217%, underscoring the massive impact of curb appeal. Upgraded landscaping can add $9,000 in value, and even simple landscape lighting can add around $4,000. You could also consider adding an outdoor fire feature, which would add $5,000 in value.
Overall, these projects had the highest ROI:
- Replacing the garage door
- Standard lawn care service
- Replace the entry door
- Install manufactured stone veneer
- Sand and refinish hardwood floors
- Install new hardwood floors
- Replace siding
- Paint interior
- Landscape maintenance
- Upgrade the landscape
The biggest message the team’s study underscores is that handyman projects can outperform big remodels and renovations in terms of increased home value. These handyman-friendly projects that the average DIYer can achieve represent a balance of cost-effectiveness, value impact, and everyday comfort enhancement. Always lean toward adding visual appeal and increasing functionality when deciding on ways to improve your home. The projects on this list will help you make a more beautiful, comfortable home without breaking your back. Whether you hire a handyman service or take on the project yourself, these projects are within your grasp and will give you a solid return on the investment.