Whether you're preparing to list or simply want to improve your property wisely, here’s what you need to know about this year’s top-performing home improvements.
Top 3 Projects with the Highest ROI
Exterior home updates continue to offer the best returns for New England homeowners. These high-impact, relatively affordable projects top the list for resale value:
1. Garage Door Replacement
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Average Job Cost: $4,365
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Average Resale Value: $13,738
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ROI: 314.7%
2. Steel Entry Door Replacement
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Average Job Cost: $2,426
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Average Resale Value: $5,730
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ROI: 236.2%
3. Manufactured Stone Veneer
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Average Job Cost: $12,390
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Average Resale Value: $18,794
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ROI: 151.7%
These improvements boost curb appeal, create a strong first impression, and directly influence buyer perception—all of which can lead to a faster sale and stronger offers.
A Surprising Standout: Minor Kitchen Remodel
While exterior projects dominate the top of the list, one interior project ranked in the top five: the minor kitchen remodel. This type of renovation—typically a cosmetic face-lift rather than a full overhaul—includes updates like:
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New cabinet fronts and hardware
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Modern, energy-efficient appliances
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Updated countertops and flooring
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A fresh coat of paint or new backsplash
At a 96 percent return on investment, a modest kitchen remodel is a strategic move for sellers who want to refresh their space without overextending their budget. When timed close to listing, these improvements can help a home show beautifully and feel move-in ready to buyers.
What This Means for Sellers in New England
In sought-after communities like Wellesley, Weston, and Needham, smart pre-sale renovations can have a direct impact on market performance. The right improvements can reduce time on market, generate more competitive offers, and help you achieve top dollar.
Here’s what to keep in mind:
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Exterior improvements yield big results
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Small-scale kitchen updates are still impactful
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Cost-effective renovations often bring the highest returns
Planning to Sell? Let’s Make Every Update Count
Before you commit to any home projects, let’s talk strategy. I’ll help you identify the updates that will attract the right buyers and increase your home’s value—without spending more than necessary.
Reach out at mollycampbellpalmer.com or send me a message to discuss how to prepare your home for a successful sale.
Source: 2024 Cost vs. Value Report – New England
Keywords: New England real estate, home improvement ROI, remodeling before selling, kitchen updates, best renovations to sell, Wellesley real estate advice
