Home renovation enthusiasm has dialed down from the frenetic pace of the pandemic era, but homeowners continue to make significant investments in their spaces, especially with the spring housing market gaining momentum.
According to CNBC, and when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns of nearly 200% for the first time ever — according to the 2024 Cost vs. Value report from Zonda Media, a housing market research and analytics firm.
Garage door replacements offered the highest average return at 194%, followed by upgrading to a steel front door, with a 188% return on investment — both worth nearly double what they were last year, the report found.