If you’re looking to add value to your home, look no further than the humble front door. According to the latest Cost vs. Value report, simply upgrading your entry door adds more value to the house than any other single home improvement project.
The annual report, a joint research project between Remodeling magazine and the National Association of Realtors, compares changes in how much home improvement jobs cost with Realtors’ perceptions of how those jobs influence a home’s price at resale. The exhaustive report is based on surveys of thousands of Realtors nationwide, looking at 36 popular remodeling projects and the value those projects retain at resale in 102 U.S. markets.
This year, entry doors ranked no. 1 in holding the most value—beating out other high-ticket home improvement projects such as bathroom and kitchen remodels and even master bedroom additions. In fact, when adding a steel entry door to the home, more than an average of 100 percent of the cost is recouped.
The report shows that no matter where you live in America, the cost of adding a door is minimal compared to the value it provides. In fact, based on national averages, a steel entry door costs $1,230 to install but adds $1,252 to the value of the home—for a cost vs. value of 102 percent. By comparison, a bathroom remodel that costs $16,724 has a resale value of only $11,707, or a cost vs. value of only 70 percent.
Wondering what a door upgrade will add to your home? Use the report’s regional drilldown to see how much value a front door adds to a home in your area.
Why are doors adding so much value? Experts say it comes down to two simple but increasingly powerful words in real estate: curb appeal. And few home improvements add as much bang for the buck as a front door. At the same time, as more people are looking to spruce up their home rather than move, upgrading the front door is an easy way to add new life to tired old designs. So if you’re looking to amp up your home’s exterior—and its value—let Masonite’s bevvy of options help you step into a doorway of possibilities.