Exterior home improvements provide a better return on investment (ROI) than interior upgrades. If you are planning on selling your home and want to invest in some upgrades that will make your home easier to sell, you should consider exterior home improvements first.
It’s hard to compute the value of curbside appeal. However, some real estate experts think curbside appeal is the most important thing when selling a house. That’s because buying a home is an emotional process, and that feeling you get when you see your home for the first time is a big factor in your decision-making process.
Not all improvements made to the outside of your home bring you a good return on your investment, but that great first impression means that you get a better ROI overall. You need to maximize your home improvement budget by tackling the most important projects. It makes sense to start with the following exterior home improvements to increase the resale value of your home.
Deck additions average around 75-80% ROI, which is higher than the average ROI of home improvements. This number is even higher when decks are made with quality building materials.
A quality deck addition built by professional deck builders makes your home more attractive to buyers because it adds another point of entry into your home, and it increases the amount of space where large groups can gather. As a result, deck additions that bring your living spaces outdoors have become a popular trend.
People are adding living rooms, weather-proof televisions, fireplaces, and surround sound systems to their decks to bring their home life outdoors. Decks with amenities like these are more than just a place to fire up the barbecue. They are places where you entertain in style. Decks like these give your family a small piece of paradise to enjoy on the weekends.
Before you build a deck, call a professional deck builder to get an estimate and help you develop a plan. You should visit showrooms and check out some online galleries before you decide what kind of deck you want.
When your deck is built with quality materials by experienced craftsmen, you should expect a greater than 80% ROI, and your home is more likely to sell faster.
An outdoor kitchen can be a standalone structure, or you can ask your deck builder to include it in your deck addition. The great news is that outdoor kitchens easily see 100-200% ROI. With that kind of return, it would be silly not to build one if you are planning on selling your home.
Outdoor kitchens are a great place to bring your family together to cook and eat. If you add a small bar, it will make your outdoor kitchen a prime entertainment venue. It needs to be built the right way, though, which is another reason to call a professional.
Your outdoor kitchen should be easy for your family to use. How big it needs to be and how many amenities you put into it should be determined by how it will be used. It might not need to be extravagant if you are using it just for your small family. But if you plan on using it to host large parties, consider adding more storage, more fridge space, and more counters. Download an outdoor kitchen checklist to make it easier to plan.
Fire Pits and Fireplaces
Fire pits and fireplaces are another exterior home improvement project that will increase the value of your home. Done right, you will see a 150% ROI from the money you put into a fire feature.
Just like an outdoor kitchen, there are many different styles to choose from. How will you decide on the best fire pit for your yard? You will need to research the options available.
Whether you go big with a large fireplace alongside your patio or simply add a small fire pit in a cozy area of your backyard, make sure that you get some help in the planning and design process.
A replacement door makes your home more appealing, including entry doors and garage doors. You will see an average ROI of 88% from a garage door replacement. The average garage door cost is about $5,500, ranging between about $2,000-10,000.
Again, the curb appeal is what you are looking for because the doors are one of the first things that people see when they come to your home.
Landscaping and Gardens
If you want to maximize $1,000 to $2,000, then making some improvements to your landscaping is the way to go. Landscaping improvements often have up to a 200% ROI.
New flower beds and trees add significantly to your home’s appearance without costing a lot of money. If your lawn is in bad shape, consider reseeding it or replacing it with new sod. You can also install a simple patio in your backyard to make it more appealing.
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