No. 1: New roof
Among home renovations that return the most, replacing the roof tops the list.
A new roof will set the average homeowner back about $7,600. But on average, homeowners recoup more than that -- about $8,000 -- at resale, according to the study. That's a 105% gain.
It's the only renovation project in the report that returned more than it cost. But, as anyone who's been through it will tell you, there are plenty of easier ways to make $400.
And it's not the kind of thing that pushes the needle for buyers, says Severance.
"Nobody ever decided to buy or not buy a house because of the roof," she says.
"Buyers do not expect a new roof," says Severance. "They expect a roof to be working. They expect it not to be leaking."
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