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The 10 Best Outdoor Home Upgrades for Your Money

Money Talks News 8/1/2020 Marilyn Lewis

a man cooking food on a table: shutterstock_1052678198

Many of us are focused on home this summer. One great way to take advantage of the warm weather is to make improvements to the exterior of your house.

On the whole, remodeling is more a consumption purchase than an investment. Rare is the remodeling project that recoups 100% of the cost. And even fewer remodeling jobs actually make money for the homeowner. A remodel, instead, lets you enjoy an upgraded home, or prepare your place for resale.

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Nevertheless, some projects pay back better than others.

Remodeling Magazine, which assesses home improvements for their return on investment for its annual Cost Vs. Value report, rates the following upgrades as the best uses of exterior remodeling dollars in 2020. All numbers represent national averages.

1. New manufactured stone veneer

Cost recouped: 95.6%
Project cost: $9,357

2. Garage door replacement

Cost recouped: 94.5%
Project cost: $3,695

3. Fiber-cement siding replacement

Cost recouped: 77.6%
Project cost: $17,008

4. Vinyl siding replacement

Cost recouped: 74.7%
Project cost: $14,359

Gallery: 7 ways moving from a city to a small town could save you money (Business Insider)

a car parked in front of a building: Amid the coronavirus pandemic, some people are leaving cities for a simpler life in smaller towns.Some costs, such as housing and insurance, can be cheaper in rural or suburban communities compared to cities.Due to lower operating costs for businesses in small towns, dining out or enjoying a staycation can also cheaper.Visit Business Insider's homepage for more stories.As people turn their backs on cramped cities in the wake of the coronavirus pandemic, small and suburban towns are becoming a more popular option.But is moving from an urban environment to a suburban or rural community worth it, financially?While costs and circumstances will vary depending on different parts of the country, as well as individual cities and small towns, here are seven ways you can potentially save money while living the small-town life.Read the original article on Business Insider

5. Vinyl window replacements

Cost recouped: 72.3%
Project cost: $17,641

6. New wood deck

Cost recouped: 72.1%
Project cost: $14,360

7. Wood window replacements

Cost recouped: 68.9%
Project cost: $21,495

8. Steel entry door replacement

Cost recouped: 68.8%
Project cost: $1,881

9. New composite deck

Cost recouped: 66.8%
Project cost: $19,856

10. Asphalt-shingle roofing replacement

Cost recouped: 65.9%
Project cost: $24,700

At the other end of this spectrum is a fiberglass “grand” entrance. This project entails removing the existing front door of a home and widening the opening to fit a new fiberglass door with matching sidelight panels on both sides.

But a fiberglass grand entrance has the lowest return of any exterior project in Remodeling Magazine’s 2020 report. Researchers found that it pays back only about half — 53.3% — of its $9,254 average cost.

To learn more about the best exterior and interior home improvements for your money, check out “11 Home Upgrades With the Best Payback in 2020.”