Apart from getting a welcoming feeling every time you go home, outdoor improvements increase resale values. They also affect real estate in the general area. Before embarking on one or more of your projects, consider the return on your investment. Projects vary and have different ROI.
When people approach a neighborhood and a home for first time, its curb appeal is most important aspect. People usually form first impressions which persist for a long time in influencing all other factors thereafter. Little wonder then that people attribute a home’s curb appeal with making or breaking a potential sale. This is why you should choose to invest in only some landscape and outdoor projects.
Pervan says, “Keep away from less popular renovations only a few buyers look for”. A swimming pool is attractive but a lot of hassle too. Avoid projects that are future money-pits. Focus on renovations that update your home exteriors instead of expensive features. Add a deck with 75% return instead of patio with barely 50% returns.
A roof and four walls constitute a house. Without a roof, there is no house. Just try to realize how important roof component of your home can be. It needs maintenance too. You can spend $ 11,000 on re-shingles maybe once in 30 years. Kevin Barwin of Ottawa had to replace them in just 12 years even though it came with a 20-year warranty. You can’t ignore a roof having shingles that leak, fall apart or break down.
Purchase roof tiles only for long records of accomplishment plus a long warranty. Pervan says, “Manufacturers, installers keep changing, pick companies for competent installation and decent products.”
It is also better to strip away old roof to prolong life of new shingles. You may spend $ 300 – $ 500 more, but it is worth insuring peace of mind for next three decades.
Here is a professional tip: go with metal for most cost-effective roof with 50-year warranty.
Most homeowners depend on a quick, cost-efficient siding job to improve their curb appeal. You can do this more frequently, depending on how much you want to invest in your current home over time. A well-done siding job is also a durable way to update curb appeal with 77% ROI.
Here is a professional tip: install prefinished fiber cement board not requiring painting. Power wash annually across a 25-year warranty.
If you aim to SPLURGE:
Think of roof and solar power in one breath. Elon Musk’s Solar City has launched a tempered glass roofing shingle doubling for a solar panel. Stronger and more durable than just about any other roofing.
Last but not least, aspect of curb appeal is your front door. A close up of front door provides that necessary punch to drive a sale. You can have a basic steel door with $ 1,000 installation. Fiberglass doors have an 82% ROI installing at $ 2,000. Custom wood doors have wide range prices. They require $ 5,000 to install.