LAKEWOOD, Colo.–For members looking to borrow to make changes in their homes, a new analysis has ranked the 25 small-scale DIY home improvement projects with the highest ROI’s.
The report, from Ace Handyman Services, calculated and excluded large-scale projects such as additions and full remodels, to focus on simple things a homeowner could either do themselves or hire a handyman to do.
To calculate the return on investment, Ace said it took the average resale value added by each project and divided it by the average job cost, then expressed the result as a percentage.
Here’s how it said all 25 home improvement projects rank:
1. Replace Garage Door (268%)
2. Standard Lawn Care Service (217%)
3. Replace Entry Door (Steel) (216%)
4. Install Manufactured Stone Veneer (208%)
5. Sand and Refinish Hardwood Floors (147%)
6. Install New Hardwood Floors (118%)
7. Replace Siding (Fiber-cement) (114%)
8. Paint Interior (107%)
9. Landscape Maintenance (104%)
10. Upgrade Landscape (Install walkway, planters, shrubs, trees) (100%)
11. Replace Siding (Vinyl) (97%)
12. Install Backup Power Generator (95%)
12. New Wood Deck (95%)
12. New Patio (Concrete paver patio over base of compacted gravel and sand) (95%)
15. New Composite Deck (89%)
16. Smart-Home Upgrades (87%)
17. Upgrade to Grand Entrance (Fiberglass) (85%)
18. Install Irrigation System (83%)
19. Replace Windows (Vinyl) (76%)
20. Convert HVAC (Fuel to electric) (72%)
21. Replace Windows (Wood) (70%)
22. Landscape Lighting (59%)
23. Add Outdoor Fire Feature (56%)
24. Closet Remodel (55%–60%)
25. Paint Exterior (55%)
