Homeowners in Northwest Arkansas looking to increase their property value should consider specific home improvements that not only enhance their living experience but also offer a high return on investment (ROI). Here’s a breakdown of the top projects that can maximize your home’s value.
Garage Door Replacement
A garage door replacement is one of the most cost-effective improvements in Northwest Arkansas. According to the 2024 Cost vs. Value Report by Zonda, this project can deliver an ROI of around 160% locally. The upgrade, which costs about $4,500 on average, greatly improves curb appeal and offers a significant boost in resale value oai_citation:13,Cost vs. Value Report - Zonda oai_citation:12,Cost vs Value 2024: Curb Appeal Projects Bring Highest ROIs | Fixr.
Minor Kitchen Remodel
Updating a kitchen can be highly effective, especially when focusing on smaller, impactful changes. A minor kitchen remodel in Northwest Arkansas typically sees an ROI between 80-85%. This might involve new countertops, cabinet refacing, and upgraded appliances, with project costs ranging from $15,000 to $25,000 oai_citation:11,Which Home Exterior Projects Have the Most Value in 2024? | Family Handyman oai_citation:10,Cost vs Value 2024: Curb Appeal Projects Bring Highest ROIs | Fixr.
Manufactured Stone Veneer
Adding manufactured stone veneer to the exterior is another project with a high ROI, around 130% in Northwest Arkansas. At an average cost of about $11,000, this enhancement significantly improves the home’s exterior appeal, which is particularly important in markets where first impressions matter oai_citation:9,Cost vs Value 2024: Curb Appeal Projects Bring Highest ROIs | Fixr oai_citation:8,Which Home Exterior Projects Have the Most Value in 2024? | Family Handyman.
Steel Entry Door Replacement
Replacing your entry door with a steel door is a small but impactful change. With an average cost of $2,300, this upgrade can bring an ROI of around 140%. It boosts both security and curb appeal, making it a valuable investment oai_citation:7,Cost vs. Value Report - Zonda oai_citation:6,Which Home Exterior Projects Have the Most Value in 2024? | Family Handyman.
Energy-Efficient Windows
Energy-efficient windows are increasingly popular in Northwest Arkansas due to the region's varying climate. These windows typically offer an ROI of 70-75%, depending on the installation and quality. They not only reduce energy costs but also make homes more appealing to eco-conscious buyers oai_citation:5,Which Home Exterior Projects Have the Most Value in 2024? | Family Handyman.
Bathroom Remodel
A midrange bathroom remodel offers an ROI of about 65-70% in Northwest Arkansas. This might include new fixtures, modern tiles, and energy-efficient lighting. Though costs can vary, this upgrade significantly enhances a home’s comfort and marketability oai_citation:4,Cost vs Value 2024: Curb Appeal Projects Bring Highest ROIs | Fixr.
When planning home improvements, focusing on projects that improve curb appeal, functionality, and energy efficiency can offer the best returns in Northwest Arkansas. Consulting local real estate experts and reviewing data ensures that you’re making smart investment decisions.
Sources:
- Zonda Cost vs. Value Report 2024 oai_citation:3,Cost vs. Value Report - Zonda
- Northwest Arkansas Real Estate Market Data oai_citation:2,Cost vs Value 2024: Curb Appeal Projects Bring Highest ROIs | Fixr oai_citation:1,Which Home Exterior Projects Have the Most Value in 2024? | Family Handyman.
Business Summit
Collier & Associates is excited to announce our first-ever C&A Business Summit, taking place on October 17th.
This summit will gather change-makers across Northwest Arkansas, including business leaders, economists, marketing and branding professionals, real estate experts, and more, all united in our mission to shape a better future for NWA.
Our distinguished lineup of guest speakers features Mervin Jebaraj, Director of Economic Research at the University of Arkansas, Jordan Wright, Founder and Owner of Wright’s BBQ, Graham Cobb, the visionary behind the “Because Bentonville” economic development project, Ashley Knight, Chief Operating Officer at Harvest Group, and Nelson Peacock, CEO of the NWA Council.
Registration opens on September 1st—mark your calendars and join us for this impactful event.
NWA Real Estate Market Update
Trinitas Ventures plans for 8-story student housing project in Fayetteville
"A more than $60 million student housing project with a rooftop pool is planned for north of Gregg and Center streets, between the Arkansas & Missouri Railroad tracks and the Razorback Greenway in Fayetteville. The eight-story building comprises seven stories and a basement." - talkbusiness.net
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