If you’re thinking about renovating your house, you’re not alone. In fact, home improvement accounts for for 1.8% of the U.S. economy, making the sector a $300 billion industry.* This collective home renovation budget may have you wondering whether the investment pays off.
The answer is that it can, as long as you’re putting your money in the right place. Here are 5 home renovations U.S. News classifies as more profitable for resale.
- Front door replacement
- Garage door replacement
- New siding
- New windows
- Kitchen upgrade
- Bathroom upgrade
- Room addition
U.S. News offers the golden rule of renovations: “Before you decide on any renovation, look at your house with a critical eye. What aspects of your house are important? What are its drawbacks? Fix the drawbacks, and focus on the important items.”
*Joint Center for Housing Studies of Harvard University