So, you know that you want to give your home a makeover of some kind, but you just can’t decide what to do? Sure, if money were no object, you’d do it all.
However, if you have to choose just one project for now, you should consider an exterior remodel. Making changes to the outside of your home is a great way to turn your project into a real investment for your future.
According to a recent report published by Remodeling Magazine, updates to your home’s façade will give you the most bang for your buck when it comes to resale. Even though selling your beloved home might be the farthest thing from your mind right now, you should keep that inevitable day in mind. If you’ve ever bought or sold a home before, you know just how important curb appeal is – that first impression you get as you pull up to the house can make or break a sale. Use these ideas to inspire your next exterior remodel.
Adding a porch, deck or patio can bring the outside of your home from drab to fab. Not only do outdoor living spaces perk up the appearance, but they actually add viable living space. Many buyers see a porch as an extra room they can use when the weather is nice. The added potential gives this project a whopping 87% return on investment (ROI).
There’s no quicker way to give the outside of your house a boost than by replacing the siding. Chances are your current siding has been up for quite some time and now looks tired and dingy. Though it’s just a bit of old siding, it has a poor reflection on your home as a whole. Replacing it with new, clean, fresh siding will have a huge impact on the impression your home makes. Remodeling Magazine reports that vinyl siding replacement gives you a 78% ROI, while a fiber-cement mix has an 87% ROI.
A somewhat new trend for homeowners are steel doors. In the report, installing one of these heavy-duty doors was considered the highest ROI, at 96.6%. Replacing your run-of-the-mill wooden door with a steel one gives you added security and energy efficiency. If you don’t like the more industrial appearance of steel, there are many options for giving it a more welcoming look.
Replacing your old windows with new, energy-efficient ones is money in the bank, in more ways than one. The added Windowsinsulation will save you money on heating and cooling bills for years to come. Additionally, the visual and functional draw of energy-efficient windows will add significant value to your home when it comes time to sell.
If you’ve got the space, a two-story addition is a great way to add value and space to your home. Think about how much you could do with another first-floor living space and an extra bedroom built above it. Plus, this kind of remodel project turns your 3-bedroom into a 4 and nudges your home into the next level for discerning home buyers. The result is a 72% ROI – not too shabby.
Deciding what remodeling project to take on next is a big decision. You consider time, cost and value added. What will you and your family enjoy the most while you still live there? What will wow potential buyers? What kind of time and money commitment are you willing to make?
These are all questions you’ll have to carefully consider before jumping in. But, rest assured that any of these smart exterior remodels will improve your home for you and many future owners.