Want to Add The Most Value To Your Home? Plan Exterior Home Renovation
A successful exterior home renovation needs to add beauty and value to your house. However, these two goals don’t always go hand in hand, making it hard to know which direction to go with your home improvement projects. If you’re looking to sell your home, the exterior is often the first thing prospective buyers see and think about. In addition to curb appeal, having a nicely-maintained house can help it stand out in your neighborhood and increase its resale value. On the other hand, poorly-kept exteriors can be detrimental to your home’s value, so knowing which renovations add the most value before you embark on any projects is essential.
Renovating your home can be expensive and time-consuming, so you want to ensure that your home renovation gives you the most significant return on investment possible. However, exterior home renovation can be an exciting way to give your property an updated look and feel. Still, you may be wondering which additions will bring in the most resale value when it comes time to sell your home. There are plenty of options available to give your home an entirely new aesthetic without breaking the bank. However, picking the right one can be difficult, especially if you don’t know what makes it a compelling choice or whether it’s worth doing.
In this article, we will discuss some of the most popular exterior home renovation projects that can help you maximize your return on investment when selling your home.
New Roof
If you want your home to sell for top dollar, you might consider replacing your roof. Plenty of other exterior renovations will add value to your home, but few provide as much bang for your buck as a new roof. An excellent roof can boost curb appeal, impact marketability and even increase property values by $7 per square foot. If you can afford it, replacing an aging or damaged roof is a wise investment if you’re looking to sell in today’s competitive housing market. The money you spend on a new roof will likely be recouped quickly during resale negotiations.
Garage Door
The garage can make or break your home’s curb appeal, but if you haven’t considered replacing your old garage door with a new one, then now is time. However, that doesn’t mean you should go for any door – think about what design will work best with your home and its style before making any decisions. Look for details like windows and decorative trims to add more visual interest. Consider also upgrading from an old standard door to an insulated version, which can help save on energy costs. According to the survey, homeowners may recoup 95 percent of their investment in a new garage door at resale.
New Sliding
If you’re considering a home renovation project involving siding, you may be wondering which type of siding will make your home more valuable. It’s natural to assume that new construction is always better than old; however, we want you to consider several factors before deciding on new siding. For instance, new siding costs more money than replacement products, and higher upfront costs might not be worth it if there isn’t much resale value in more contemporary materials. When you consider these factors and more, choosing new siding over replacement products makes sense; assuming your home isn’t in poor condition or otherwise unattractive (on top of older), upgrading your siding can actually add quite a bit of value.
Steel Front Door
Adding a steel front door is one of those exterior home renovation projects that can change how your home looks and pay dividends down the road. This project is an investment for two reasons: There’s an upfront cost, and if you sell, having a steel door can attract more buyers. It’s not unheard of for buyers to spend $1,000 on a new front door; they won’t blink at spending $200 (or less) if they have some cash in their budget and see that you have one. That’s because there are many benefits beyond looks—steel doors can last longer than wood ones, which means less chance you need to replace yours.
Vinyl Windows
There’s no denying that modern vinyl windows have much going for them in terms of quality and style. However, suppose you’re looking for an investment that will boost your home’s resale value and increase your energy efficiency by cutting down on air infiltration. In that case, window replacement is probably your best bet. According to estimates from Remodeling Magazine, replacing all 20 windows on your home can add around 10 percent or more to its overall value—and there are plenty of great brands out there that offer high-quality products at reasonable prices. Vinyl may not be as durable as other materials like fiberglass or wood, but it does have its place and can be installed relatively quickly—in some cases in just one day per window.
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Professional Paint Touch-Up
A small paint touch-up job will add more than $10,000 in value to your home. This is an easy and affordable way for homeowners to update their homes without replacing old fixtures. By applying new coats of paint, you can rapidly convert your house’s appearance from antiquated and unsightly to modern, making your property look fresh and clean. The average cost of a minor painting project is about $4,400, but doing small projects around your home can easily add more than $10,000 in value and makes things look newer.
Landscaping
No matter how many interior home renovations you make, your home’s curb appeal is no hiding. If you want your future buyers to oohing and ahhing over more than just your revamped kitchen, some landscaping can help. Updated landscaping is one of the top ten home improvements sellers should make before selling their homes. Beautifying your front yard doesn’t have to be pricey or time-consuming. You could add a new walkway or pathway for less than $1,000 and keep plants pruned throughout their growing season for about $300—if you don’t mind doing all of the labor yourself!
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Outdoor Gathering Space
Create an outdoor gathering space if you’re looking for an easy way to add value and generate more interest from home buyers. One of your first renovations should be adding a covered porch or deck that’s large enough for parties and gatherings. It provides extra space in your living areas, but studies show that having an outdoor area increases overall comfort and can help make people feel safer. And, of course, buyers will love being able to see your improvements from all angles of their next open house.
Wrap-Up
If you want to sell your house soon, it may be tempting to believe that people will assess your home primarily on what’s on the inside. Unfortunately, no one will look beyond a visibly leaking roof — they will be looking for symptoms of water damage. Water leaking, for example, is a typical problem with flat roofing systems. Nobody is going to enter your home to investigate it if the initial impression from the outside is not good. So, exterior home renovations are always worth considering if you are going to put your home on the market.
Most home buyers prefer to take the core systems for granted while checking off a few decorative elements that ensure they won’t have to get their hands dirty right away. This usually entails a roof that does not leak, windows that do not look shabby and do not allow in draughts, and a front entrance that does not frighten youngsters! Of course, great granite benchtops in the kitchen and the finest bathroom fixtures may significantly impact once visitors are inside – but if you want to score some significant points, concentrate on what you can do to improve the exterior of your home.
Why spend money on costly rewiring or plumbing improvements that may go unnoticed? It makes more sense to make aesthetic changes that increase curb appeal while correcting glaring flaws that potential buyers will be searching for.
As you can see from this exterior home renovation projects list, there are various methods to raise the value of your property while still making a good return on your investment. Some exterior home improvements projects can be completed by yourself while others, may necessitate the assistance of a professional. Before embarking on any home improvement project, consult with a trusted home renovation contractor to determine which upgrades will be most beneficial to you and your property.
You can also schedule a free consultation with one of our professionals at Homednb. It is a trustworthy platform where we make the home renovation process transparent and worry-free with reliable and trusted professionals, a secured payment protection method and by monitoring your project from start to finish!