Return On Investment With Stone Veneer

Looking to give your home a facelift but not wanting to spend the big bucks? Then dressing your home with the latest in manufactured stone veneer is the way to go. In recent years stone veneer, or what is also commonly known as decorative stone, has become an increasingly popular product to be used in home improvement projects. When you think about the fact that it looks beautiful and has a great ROI, it is no surprise as to why stone veneer is such a hot product on the market today.

Let’s Look At The Numbers

Remodeling Magazine’s annual Cost vs. Value Report compares the average cost for 21 popular remodeling projects in more than 130 markets with the value those projects maintain at resale in 100 US markets. According to the 2018 report, manufactured stone veneer projects ranked second at 97.1% next to garage door replacement projects, which came in at 98.3%. This is based on the replacement of a 300 square foot continuous band of existing vinyl siding with stone veneer. This is an increase of almost 5% since Remodeling Magazine started measuring the cost vs. value of manufactured stone veneer in 2015.

It is clear that more and more homeowners are looking for alternatives to the traditional siding replacement and stone veneer has gained majority of that market share in the past few years. This is in part due to the fact that with decorative stone you get the advantage of having the look of real stone without dealing with the expense that would come with installing a real stone exterior. The other great thing about manufactured stone veneer is that in many cases it can be used in both interior and exterior applications. With an array of styles and textures, manufactured stone veneer goes nicely with vinyl siding and can help to achieve almost any design style. This allows for a nearly limitless amount of options for upgrading any space of your home.

Tips To Ensure You Get The Best ROI When Remodeling Your Home

Whether you are undergoing a full remodel for the interior and exterior of your home, or you are just finally following through on that weekend home improvement project, there a few ways to make sure that you increase the value of your home:

  • You will achieve the maximum ROI by spending money on the bathrooms and kitchen. Neither of these spaces require you to clad the entire room with manufactured stone veneer; most times just finishing a wall in a bold decorative stone will have the most positive impact.
  • Installing stone veneer around a fireplace or in a basement bar will add the “wow” factor that the space was missing before.
  • Even though it is more expensive than just painting the outside of your home, installing manufactured stone veneer over the exterior is sure to increase the resale value by a large percentage, with some surveys indicating that a new stone veneer could almost double your ROI. If you are really looking to capitalize and increase your ROI even more, make sure you pay attention to the smaller details. Clean and touch up door and window frames, update exterior light fixtures, and add some new plants to your yard that can provide a pop of color.
  • Not looking to “go big”? A smaller project you can take on could be simply installing stone veneer around the front entry of your home or cladding the porch to make it stand out.

For more related content check out our blog. If you have any questions or concerns please contact us today by calling 773-234-8719 to speak with a professional at Stone Master Global.