Exterior Upgrades that Enhance and add Value
When you think about your dream home, how many of your must-haves involve the outdoors of the home? Whether you are thinking of selling or just trying to make your home more enjoyable, exterior upgrades are a great place to start.
Exterior upgrades enhance the look of your property and offer recreational benefits for the homeowners. Certain renovations have the potential to add value to a home, while others may do the opposite. Learning which ones have the largest return on investment can help homeowners select features that will have the most positive impact.
Top Exterior Upgrades that make a Big Impact:
Build an Outdoor Fire Pit – During the summer months, nothing beats roasting marshmallows and sharing stories around a roaring fire. In spring and fall it can make for a cozy retreat. Homeowners who install an outdoor fire pit will not only create delightful memories, but will also realize a 67 percent return on investment. There are also DIY options available for a more affordable fire pit.
Add a Deck – If you enjoy spending time outdoors, you should consider installing either an attached or detached wooden deck. A deck will five you the perfect outdoor spot for grilling, entertaining, or just relaxing. Wooden decks are also a major selling point and give an average of a 76% return on investment.
Install a Patio – Much like a deck, installing a patio is another project that enhances the outside area while increasing the value of your home. On average you can expect around a 70% return on your investment.
Replace the Garage Door – You probably don’t put much thought into your garage door as long as it opens, but replacing them can have a huge impact on your curb appeal and value of your home. This upgrade is one of the most valuable with a 99% average return on investment.
Replace the Front Door – Along the same track as the garage door, replacing your front door is another important upgrade to boost curb apparel. An impressive entryway will set the tone for the rest of your home when it is being viewed. You are looking at an approximate 75% return on investment.
Refresh your Landscaping – Luscious landscaping increases the chance of a home sale. Plus, an outdoor makeover could net you a healthy 83 percent return on investment. A “landscape upgrade” is defined as installing a natural flagstone walkway, adding stone planters, mulching, and planting a handful of flowering shrubs and a sizable tree. In order to keep a good-looking lawn, you need to supply sufficient nutrients and take steps to reduce weeds. Investing in a lawn care program that consists of fertilizer and weed control application and can be transferred over to a subsequent homeowner is an attractive feature netting an approximate 267% return on investment.
Pool or Water Feature – In certain markets, particularly hot climates, a pool or another water feature is a must-have. However, in other areas where outdoor time is limited, a pool or water feature can actually lower the value of a home. Speaking with a real estate professional can give homeowners an idea of how a pool will fare in a given neighborhood.
Outdoor improvements can improve the marketability of a home, as well as enhance its appearance and function. You can refresh your backyard as well as build equity by considering one or more of these 10 outdoor projects guaranteed to boost property value. Curb appeal goes a long way toward attracting potential buyers. The VNTG Place DSGN team are experts at boosting property value. If you are looking to sell your home, reach out to find out more about what they can do to stage your home beautifully to sell.
