Exterior Home renovations can be expensive and time consuming, so it’s natural that as the homeowner, you’ll want to one day recoup the investment. Renovations should definitely be done based upon need before cosmetic updates, however, the good news is that no matter what updates you choose to make to your home, when it comes time to have it evaluated or sold, nearly all of your renovations will give you back more than 70% of the money you put into them. Here are three exterior home renovations that will give you the most return on investment.
The first impression of your home is the front yard, making it one of the best investments on the home reno checklist. Landscaping makes your home look nicer and more inviting, especially if you are looking to put your home on the market, but even if you aren’t, you should still invest in it. Proper landscaping will protect your home from the elements, helping to drain water away from your foundation and keeping it cool during the summer with well placed trees. Experts agree that a well-executed landscape renovation is between 95-100% return on your investment.
Siding and Front Entryway
Updating your siding and front entryway will also add value to your curb appeal, and give you back around 90%. Your siding needs to be replaced or refurbished around every 10 years, which will help give your home a fresh, well-kept look. Meanwhile, simple updates to the front entryway such as a new coat of paint in a trending color and repairing downtrodden sidewalks and steps will help rejuvenate the look of your home.
Adding a deck to your backyard will add a great deal of value to your house, and bring back around a 90% return on your investment. Creating an inviting, comfortable space in the outdoor portion of your home for socializing will add great appeal for future buyers but only if your backyard is big enough to accommodate it. If your backyard is small, it’s best to leave the green space and landscape it accordingly, especially if you have children or pets.
Every homeowner wants to increase the value of their homes through the years, and be sure of getting back some of their investment back when it comes time to sell, but it’s also important to do things that will bring comfort to you down the line, and to do thorough research into what are the best investments for you. If you are considering home renovations and have questions about where to start, contact Liberty Builders today.