New exterior siding: Many home owners are choosing to replace aging siding with types of exterior siding that require less maintenance over the years. This improvement will boost curb appeal and have an average 80% ROI. Kitchen renovations: These days, the kitchen tends to be the heart of any home. Minor kitchen renovations, like refinishing cabinets, updating hardware and fixtures, and upgrading appliances, have an average ROI of 82%. More extensive improvements, which might include new countertops and flooring, offer a lower ROI of about 66%. Attic bedroom conversion: If you are looking to add to your living space, the best return on investment comes from converting your attic into a bedroom. This project has about an 80% ROI because it adds lots of square footage without changing the footprint or profile of your home. Window replacement: Replacing aging windows has about a 75% to 80% ROI. These projects improve the appearance of your home and help with energy efficiency, which are top concerns of many buyers these days. Deck addition: Adding a wooden deck has an average return on investment of 85%, not to mention that it gives you a pleasant place to spend time outdoors. This is an appealing renovation because it adds living space at a very low cost.
Source: BancorpSouth®
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