Exterior improvements improve the appearance of your home and may have positive recreational effects. However, not every improvement generates a return on investment, and certain improvements (like swimming pools) detract from your home’s appeal to future buyers.
Let’s see what backyard renovations you can use to boost your home value.
Build a Fire Pit Outside
Nothing like eating marshmallows and telling tales around a blazing fire during the summer. In addition to making wonderful memories, homeowners who install an outdoor fire pit will see a 67 percent return on their investment.
According to the National Association of Realtors® (NAR) and National Association of Landscape Professionals (NALP), gas-burning fire features with patio areas cost an average of $6,000 to build, and you’ll regain roughly $4,000 when you sell your house.
Deck addition
Do you like to spend time outside? Consider building an attached or detached wood deck, which will provide you with the ideal area for entertaining, cooking, and sunbathing. Another important selling element is wood decks.
According to Remodelling Magazine, a 16′ x 20′ wood deck with stairs and railings costs, on average, $13,333, but you’ll get back $10,083 of that when it comes time to sell. That is a profit of roughly 76 percent.
If you’re planning on building a pool, we suggest you hire professional swimming pool builders to do the work for you.
Change the garage door
You might believe that your current garage doors are adequate, but replacing them will significantly increase your home’s exterior appeal and value.
The 2019 Cost vs Value Report from Remodeling Magazine estimates that replacing a garage door can expenditure up to $3,600, but that you can expect to recuperate roughly 98 percent of that cost. Your house will already be creating a good impression on potential buyers when they arrive.
Change the front door
Upgrade your front door while you make exterior house improvements. A steel door with window panels, casing, and new hardware costs about $1,800 to replace your boring door with, but according to a report from Remodeling Magazine, you’ll recoup over 75% of your costs. The tone of the rest of the house tour is set by a stunning entrance.
Implement a program for lawn care
You must provide enough fertilizers and take measures to lessen weeds if you want a well-groomed lawn. A 2,835-square-foot lawn will require an average of six sprays of weed and fertiliser every year, costing around $375, according to the NAR and NALP. Your efforts could increase the value of your house by $1,000, yielding a ROI of 267 percent.
Adjust the facade
According to Remodeling Magazine, replacing the outside siding is one of the most affordable methods to increase the value of your home. It only needs to be done correctly because it sounds like a huge, expensive project.
The research recommends utilizing artificial stone veneer and concentrating efforts primarily on the front of the house. Nearly $9,000 is the anticipated cost, but you should make that money back in 95 percent of cases!
Revitalize Your Landscape
The likelihood of a home sale increases with lush landscaping. Furthermore, an outside makeover might result in a solid 83 percent return on investment, says the NAR and NALP. According to the group, a “landscape makeover” consists of adding a natural flagstone walkway, stone planters, mulching, a few flowering plants, and a big tree to your property. These tasks will cost you, on average, about $6,000.
Build a patio in the backyard
Another project that expands and improves your outdoor living space while raising the value of your property is installing a patio. An 18′ by 20′ concrete paver patio costs about $7,200, and you’ll make roughly 69 percent of that price, according to the NAR and NALP.
Purchase an outdoor kitchen
Although an outdoor kitchen may not be on the must-have lists of the majority of buyers, it is a feature that could make a difference in the sale. According to the NAR and NALP, installing an outdoor kitchen will cost you around $14,000, but you’ll make back roughly $10,000. Keep the project straightforward to provide the highest return on investment.
Add Lighting Outside
The wonderful ambience that outdoor lighting produces in your yard deters intruders. Furthermore, attractive, functional outside lighting (such as low-voltage landscape alternatives or motion lights) can significantly improve the curb appeal of your property. You should budget up to $5,000, although the NAR and NALP estimate that you might get a 50% average return on your investment.
The value of your home might increase even with only one of these exterior repairs completed! If you have the funds, go ahead and employ a handyman to fix any problem around the house.
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