Garage Door Replacement. Replace an older garage door with a new steel, foam-insulated garage door with windows in the top pane. ROI = 96.1”
Minor Kitchen Remodel (Midrange Home). For a functional but dated kitchen, replace cabinet fronts and hardware. Change out the cooktop/oven range and refrigerator with new energy-efficient models. Replace laminate countertops and install a mid-priced sink and faucet. Finish off with new resilient flooring and paint on walls, trim, and ceiling. ROI = 79.4%
Siding Replacement – Fiber-Cement. Replace existing siding with new fiber-cement siding, factory primed and painted. ROI = 78.6%
Window Replacement – Vinyl. Replace existing double-hung windows with insulated, low-E, vinyl windows with custom-color exterior finish. ROI = 76.6%
Siding Replacement – Vinyl. Replace existing old siding with new vinyl siding installed to manufacturer’s specifications. Include factory trim at all openings and corners. ROI = 74.7%
Wood Deck Addition. Add a 16×20-foot deck with pressure-treated deck boards in a simple linear pattern. Include a built-in bench and planter, steps, and a complete railing system. ROI = 70.1%
Other popular projects, such as a bathroom addition or remodel, major kitchen remodel, composite deck addition, steel entry door replacement, and roofing replacement, bring decreasingly less ROI ranging between 48.4% to 62.7%.
These percentages are based on regional averages from mostly large cities, like Denver and Colorado Springs. They undoubtedly will differ on the Western Slope. It is best to consult with a local real estate professional to determine which home improvements will yield the greatest ROI, increase your home’s value, and enhance its marketability to both buyers and renters.
And if you don’t plan to sell yet, and just want more comfort and appeal, all of these ideas can help you get it.