Outdoor Renovations that Increase Home Value

Published on July 24th, 2015

Don’t settle for just any renovation project- renovate strategically

Summer is the time for all outdoor renovations but before you jump into just any project, renovate smart and choose one with a high return on investment.  These projects not only look great, but increase the curb appeal of your home too.  The following facts should be put into consideration when renovating your home.

  1. Don’t hide in the shadows


Your house can be made warm and welcoming to all guests by adding outdoor lighting.  According to a study by RE/MAX adding outdoor lighting has an average 50% return on investment (ROI).

  1. Ugly doors and old siding– replace them


A new front door can be an eye-popping feature on homes. Plus nothing says ‘welcome’ better than a fresh new door. Also did we mention by replacing exterior doors you could receive a 101% return value!

Dirty siding that’s falling a part doesn’t catch anyone’s eye. Replacing the siding on your home can have an 80% ROI and updating your garage doors can have an 88% return value. Not only will you see a high ROI on these projects but you’ll feel better about your homes look as well!

  1. Outdoor Hangouts


Along with the warm weather, summer brings cookouts and quality time spent outdoors. Patios or decks are the perfect place to kick back and relax, plus they have a high ROI.  Adding a patio can have up to a 60% return value, while the addition of a professionally constructed deck can give you an average 75% ROI.  Say hello to BBQ season!  Also, adding an outdoor kitchen can have anywhere between a return value of 100% & 200%. Don’t forget the s’mores, a portable fire pit can have an average of 150% ROI.

  1. Beautify your space


Now, let’s talk landscaping!  Maintaining a well-landscaped yard can add a 28% value to your home.  Did you know planting trees could cut down on heating by 15% and air conditioning by 75%? Say goodbye to that monstrous AC bill in the summer!

Now that you have some idea of great summer renovation projects, it’s time to get started! What are you waiting for? If you have any questions about home value or financing a home, please feel free to reach out to a member of our Housing Buzz Team today.

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