Many home improvement projects might not be worth the expense. However, one simple and inexpensive project does wonders to the perceived value of your home.

     In the midst of this confusing housing market, budgets are tightening up, and consumers are more hesitant to spend money on their biggest asset.  However, are consumers really spending money on their remodeling project, or are they investing money?  

     An investment would be considered a project that improves the perceived value of the home by a greater amount that the actual cost of the project.  Many variables, specifically the contractor and remodeling project chosen, determine if the project is an expense or an investment.

     Although this question can be debated back and forth, the value of one simple project has been proven to far exceed the actual cost of the project.

     A recent study by door manufacturer Therma-Tru found that upgrading the front door of a house increased the perceived value of a $190,000 home by almost $8,000.*  Estimates for new entry doors start around $2,500, so you could actually make back triple the money you spend.  Think about this for a second.  Where else can you invest $2,500 and instantly increase your asset by $8,000?  Not to mention the increased energy efficiency, and possible tax credits available to consumers. 

    Remodeling Magazine reinforces this argument with their annual "Cost Vs. Value" report.  This report consistently ranks the ROI (return on investment) of a new entry door at well over 100%.** The study states a new front door instantly enhances a  home's appearance, and what's more, it can greatly increase resale value. 

     So if that complete regutting of the kitchen is on hold, take solace that you can still makeone of the smartest investments on your home for a fraction of the cost. 


Tom Shallcross

Opal Enterprises






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Grace Hopper January 18, 2013 at 03:53 PM
Wow. A single study by a door manufacturer stated that huge increase in value for a new door? I can remember when tobacco studies funded by RJR used to claim cigarette smoking safe. huh.
Tom Shallcross January 18, 2013 at 04:09 PM
Grace, that's a valid point as Therma-Tru obviously has some (Ok, a ton of) skin in the game to push doors. Below is a like to a 3rd party site, Remodeling Magazine, comparing different home improvement projects. This list comes out every year and the link is the most recent edition our specific region. Click on "cost recoup" to sort the columns to see what they believe are the best/worst bang for your bucks. http://www.remodeling.hw.net/2013/costvsvalue/division/east-north-central.aspx Thanks, Tom


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