Exterior upgrades not only enhance the look of your property but can also offer recreational benefits. Not every renovation produces a return on investment. And some upgrades can even make your home less attractive to buyers. So, when considering upgrades to your home, it’s important to choose the ones that will add value to your property. These five upgrades are a few of the best ways to upgrade the exterior of your home while also getting the highest return on your investment.
Replace the Garage Door
You may think your current garage doors are good enough. But upgrading them will not only boost your curb appeal, it will also add some major value to your home. While replacing your garage door can get a bit pricey, you are likely to recoup almost 98% of what you spent. When prospective buyers pull up, your home will already be making a great impression. As an added perk, a new garage door can help bolster your home security.
Replace the Front Door
An impressive entryway sets the tone for the rest of the house. So, while you’re making cosmetic changes to the front of your house, consider upgrading your front door. Replace your drab door with something that draws your guests in and adds character. A new door can also help keep energy costs down and ensure safety. Swapping out your door can cost upwards of $2,000, but chances are you will make around 75% of that back.
Build an Outdoor Fire Pit
Outdoor fire pits are ranked third as the most popular outdoor living feature. While you might not be able to enjoy them year-round, they consistently poll well in surveys with buyers and homeowners. They are an addition that will make any backyard desirable. Not only will you create delightful memories, but you will also realize a 67% return on your investment. Fire pits can be very inexpensive. A simple transportable pit can start around a couple hundred dollars. While installing a fire pit starts around $1,500 and increases exponentially from there depending on design.
Refresh Your Landscape
Having luscious landscaping exponentially increases the chance of selling your home. This is because buyers perceive homes with landscaped yards, gardens with flowering plants, and trees to have higher value compared to homes with just a front lawn. Refreshing your landscaping can add up to 10% on your home’s value and instantly upgrade your curb appeal.
A simple upgrade you can do is adding flowering shrubs to your garden or along a pathway. Opt for native or drought-tolerant plants that are fairly low maintenance. Adding trees near windows will bring your home shade and keep things a little cooler in the summer. Installing a flagstone pathway or incorporating a few large stone planters can further enhance the outdoor appeal.
Add an Outdoor Living Space
An outdoor living space is another project that expands your home and enhances your outside living area while also increasing the value of your home. During the summer, your front porch and backyard become the place to be when entertaining friends and family. Keep our outdoor living spaces inviting with well-kept lawn furniture, fresh cushions in bright colors, and clean landscaping. You may even consider installing an outdoor kitchen. While this may not be on many home buyer’s must-have list, it could be the feature that seals the deal.