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Looking for the ultimate in profitable home improvement projects?
Then look no further than this top ten list of money making home improvements.
You'll be sure to get a good return on your investment and increase the value of your home with one or all of these money earning home improvement projects.
10. Bathroom Addition
Bathroom additions can really add a touch of class to this most refined space. Because bathroom additions are so small, they tend to be cheap enough to be affordable yet provide a return of almost 75 percent of their costs when you factor in the increased value of your home.
9. Decks and Patios
Deck additions create the perfect curb appeal to increase a home's value. With the average deck price just under $15,000 and the average resale value at just over $10,000 you can recoup over 75 percent of costs through curb appeal values.
8. Basement Remodeling
When basements are dark and damp; they are a value drain on your home. A remodeled basement is an affordable and cost effective way to increase your home's value and its square footage.
7. Attic Remodeling
While a basement space can bring your home value up, if you don't have one, an attic renovation can increase the square footage in your home as well as increase your home's value. Attic renovation is typically cheaper than basement renovation and brings a better return on investment when it comes to resale value.
6. Kitchen Addition
Functional, fashionable and valuable, a kitchen remodeling project can be just the home improvement project to help you get the most bang for your buck. Typical resale values of new kitchens can provide over 80 percent of initial costs.
5. Two Story Addition
Definitely the most expensive home improvement on the list, yet this project can provide you with a ROI of over 85 percent and plenty of extra square footage. Best of all, with a new two story addition, you can insulate and install the most energy efficient appliances to save even more money.
4. Master Bathroom Remodeling
What better way to pamper yourself and increase your home's value than with a new master bathroom. This profitable home improvement project can be affordable and typically costs less than $10,000.
3. Kitchen Remodeling
New appliances, flooring, cabinets and fixtures can all be a cost effective home improvement project that can bring you a major return on your investment. With average costs less than $20,000, resale values are near $17,000 giving you a near 90% return on installation costs.
2. Window Replacement
Nearing the top of the list, this profitable home improvement project can really save you some big bucks in the long run.
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With more than 50 percent of your homes heating and cooling escaping from inefficient windows, you can bet that new energy efficient windows will save you hundreds of dollars each year on your heating and cooling bills.
1. Siding
New siding is the number one profitable home improvement project for your home is also one of the cheapest to install. Average prices run under $9,000. Resale values increase, curb appeal increases and energy efficiency increases, saving you money three different ways..
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