First impressions are everything when it comes to selling a home, and curb appeal is the key to making a good first impression. In addition to attracting more prospective buyers and setting the tone during showings, improving your home’s exterior can also increase its overall value. How the exterior looks can be the reason a buyer calls you, especially if they’re just driving by.
How do you know which upgrades will have the most impact? In this post, we give you a closer look at key exterior home upgrades that will add more value to your home.
Landscaping
Many landscaping projects can improve a home’s value. Even basic upkeep of your lawn and landscaping can bring results. According to NAR’s latest Remodeling Impact Report on outdoor features, routine mowing, pruning of shrubs, and annual mulch application offer a 104% return on investment. 74% of Realtors recommend standard lawn maintenance before putting a home on the market.
Another worthwhile landscaping project is adding a deck. According to Remodeling’s 2023 Cost vs. Value study, a wooden deck costs an average of $17,051 to build and can recoup 50.2% of its costs at resale, which is an excellent return on investment.
Garage Door
Installing a brand new garage door can add great value to your home. According to this survey, homeowners can expect to spend roughly $1,120 on a standard garage door replacement, and around $4,450 for high-end models.
This functional upgrade and curb appeal enhancer can yield a high return on investment when selling your home – one of the few remodeling upgrades that can do so.
Roof
If your roof is outdated, prospective buyers may either request a replacement or negotiate a lower price for your home. It’s better to stay ahead of potential demands by considering a roof replacement.
According to NAR’s latest Remodeling Impact Report, you can expect to spend $12,000 on average on a roof replacement, which you’ll likely get back as a new roof has a return of investment of 100%.
If all your roof needs is a good cleaning, don’t try to do it yourself. It’s better to hire a professional who has the right tools and knows how to clean a roof without damaging it. Hiring pros to clean a 2,000-square-foot roof typically takes one day and will cost between $300 to $1,600.
Repainting
One of the most common tips offered by appraisers and real estate pros to enhance curb appeal is to give your exteriors a new paint job. Does exterior paint increase value? The answer is yes! It’s something that has an immediate impact on your home’s appearance. Better yet, it’s something that appraisers value.
Painting a 3,000-square-foot home will cost around $20 to $50 on labor (excluding materials) and between $360 to $1,600 on paint. Avoid trying to make a statement using color. Appraisers could mark down the value of a home with a significantly different color compared to other similar homes.
Investing in curb appeal not only elevates your home’s appearance but proves to be a strategic financial decision as well. Incorporating these improvements is an effective way to boost your property’s overall value, making it a smart and rewarding endeavor.
If you’re ready to put your home on the market, get in touch with the Steve Bremis Realty Group. As a multi-awarded realty firm, you can count on the Steve Bremis Realty Group to go above and beyond to help you realize your goals.
Call us today at 617.828.1070 or send us an email here to inquire about our services.