Top 5 Cost vs. Value Remodeling Projects in Connecticut
Chelsea O'Donnell
Thinking of renovating your home this year? Whether you're planning to sell or just want to make smart investments in your property, choosing the right remodeling projects can make all the difference. According to the 2024 Cost vs. Value Report, these are the top 5 home improvement projects in Connecticut that offer the highest return on investment (ROI).
Check out what tops the list—and which project offers the lowest return.
1. Garage Door Replacement – 268.2% ROI
It may not be the most glamorous upgrade, but replacing your garage door brings serious returns. With a cost of around $4,500 and resale value over $12,000, this simple improvement offers a huge curb appeal boost and is one of the most cost-effective projects homeowners can take on.
2. HVAC Conversion to Electric Heat Pump – 266.7% ROI
Sustainability sells! Swapping out a traditional furnace for an electric heat pump is not only energy-efficient but extremely attractive to today’s eco-conscious buyers. In Connecticut, this upgrade sees a return of more than double the investment cost, making it a smart and future-ready move.
3. Manufactured Stone Veneer – 129.5% ROI
Want a big visual impact for relatively low cost? Consider manufactured stone veneer. This sleek, modern exterior finish dramatically boosts curb appeal and home value. With an ROI of nearly 130%, it’s a stylish way to make your home stand out.
4. Vinyl Siding Replacement – 123.8% ROI
Replacing old or faded siding with fresh vinyl siding is a smart way to refresh your home’s look. It improves energy efficiency and protects your home from the elements—plus, you’ll see more than a full return on your investment.
5. Minor Kitchen Remodel (Midrange) – 103.5% ROI
The kitchen remains the heart of the home—and buyers agree. A minor kitchen remodel that includes updated cabinet fronts, new appliances, counters, and flooring delivers a solid return. It’s one of the few interior projects with a strong ROI, making it well worth the investment.
Lowest ROI Project: Upscale Primary Suite Addition – 29.1% ROI
While a dreamy new master suite might sound appealing, the numbers don’t lie. In Connecticut, this upscale addition has the lowest cost vs. value, recouping less than a third of what you spend. Unless it’s for personal enjoyment, this one may not be worth the splurge if resale value is your goal.
Final Thoughts
From energy efficiency to exterior curb appeal, Connecticut homeowners have plenty of opportunities to make smart renovations that pay off. Focusing on these high-ROI projects can help you enjoy your home today—while building value for tomorrow.
Source: ©2024 Zonda Media, 2024 Cost vs. Value Report. Full data available at www.costvsvalue.com