How do you want to increase the value of your home without throwing money away?
It’s the dream of every homeowner to improve their home in ways that will benefit them when it comes time to sell down the road. However…
Not every upgrade will increase value.
Home renovations come in many shapes and sizes. Some can drastically increase your home value, and others won’t matter when the time comes.
In this article, we will cover
- Why Exterior Home Improvements are Better than Interior
- Top ROI Home Improvements
- What do roofing contractor services include?
- How to know which upgrades to choose
Why Exterior Home Improvements are Better than Interior
Did you know…
Improvement projects that focus on curb appeal have been shown to offer the best return on investment. Don’t get me wrong, kitchen remodels are great but when it comes to home value exterior renovations shine!
According to recent data, garage door replacements deliver an impressive 194% ROI when it’s time to sell your home. That’s right, replacing your garage door is one of the best investments you can make as a homeowner. Now that is almost twice as much as most interior remodels!
Reasons exterior renovations provide such a great ROI
When driving around neighborhoods, potential homebuyers are making their opinion known within seconds of seeing your home. A dingy roof or faded exterior lets drivers know this place has been neglected before they even set foot on your property.
If you want your home to get noticed by potential buyers, chances are you’re going to want to seek out roofing contractor services. When you get a professionally installed roof, you aren’t just protecting your home from water damage. You are telling every buyer that your home has been well taken care of.
Well-taken care of homes equal dollar signs.
Top ROI Home Improvements
Alright, enough talk. Which home improvements should you be focusing on?
Below are a few upgrades that are known to increase home value.
Garage Door Replacement
Garage doors have been dominating the charts for years. Replacing your garage door is a simple fix that can increase your curb appeal in a snap. Best part is it doesn’t cost nearly as much as other remodeling projects.
Steel Entry Door
If your front door is starting to look worse for wear, maybe consider replacing it with a steel entry door. Not only will you get great ROI in return, you’ll improve your homes energy efficiency too.
Replace Your Roof
Replacing your roof is said to recoup 57% to 68% of cost. Like we mentioned above, there are plenty of benefits to installing a new roof. For one you won’t have to worry about your home appearing run down to the buyers.
Stone Veneer
Did you know that adding manufactured stone veneer to the exterior of your home has been increasing in return year over year? Next time you are looking for home improvements to increase home value, consider this project.
Replace Your Home’s Siding
Your home’s siding is one of the first things buyers see. Replacing your siding can give your home that fresh, new look while protecting your home from the outdoors. Not to mention, you’ll make that money back!
What do roofing contractor services include?
Installing a new roof is one of those things you never want to skimp out on. Going with that “go-to” guy who quotes you half the price of other contractors is never a good idea. Sure it saves you money now but what about when it starts leaking? Or doesn’t last as long as it should?
Quality roofing contractors will:
- Inspect your roof before doing any work
- Properly remove old roofing materials
- Make sure the underlayment and flashing are installed correctly
- Use quality materials that come with manufacturer warranties
- Clean up after themselves
The difference between doing your roof yourself or someone with years of experience will be noticeable. Improper installation can reduce your roof’s lifespan by half if done correctly.
Studies show 91% of homeowners hire professionals when remodeling. Don’t be that 9% who try to DIY their roof replacement.
Benefits of installing a new roof
Sure replacing your roof can help you come selling time but did you know about the benefits a new roof has every day?
You will save money on energy
New roofs reflect sunlight better and insulate your home better than old roofs. Not only will you save money when it comes time to sell your home, you’ll save on monthly energy costs!
Some homeowners have even seen energy savings up to 25%!
Insurance discounts
Like energy companies, insurance companies aren’t fans of older roofs. They are just as if not more likely to provide you with discounts on your monthly insurance payments.
Peace of mind
A new roof comes with the ability to have peace of mind. No more stressing about leaks during a storm. Will that water spot on my ceiling get bigger? With a new roof you won’t have to worry!
No failed inspection
Once your house hits the market you never know when you’ll get an offer. Then that offer comes along with a home inspection. A home inspection that your beat up roof may not pass!
Installing a new roof can help you kill two birds with one stone. Improve your homes value while living your stress free life.
How do you know which upgrades to choose?
You live in your home day in and day out. They may not need every upgrade listed above.
The best way to determine which home improvements need to be done is to look at the age of your home. If your roof is 25 years ol,d it might be time for a replacement. However if your roof is only 5 years old a replacement might not be necessary.
Take a look at your competition.
When selling your home you want to sell compared to other houses that have sold in your local market. If all homes have stainless steel entry doors and you have a wood door, you could be hurting your chances at selling.
Timing is everything
Spring/Summer are the ideal times to get exterior projects such as roofing done. Contractors have more room for weather delays and materials can expand to their full potential during installation.
Set a budget
You should already be doing this but try and set a budget for what you want to get done. Roof replacement can range anywhere from $10,000 to $30,000+. Keep in mind though, if you take care of these items with quality materials and professional installation you can enjoy these upgrades for 20+ years!
Get multiple quotes as well. Just like anything else in life prices will vary from contractor to contractor.
Wrap up
You got this. Home renovations shouldn’t be something you stress over.
We’ve shown you that renovations that focus on the exterior of your home will yield you the highest return. Not only will you make that money back when it comes time to sell, you’ll appreciate the benefits every day!
Focus on increasing your home’s value by working with professionals on exterior improvements. Your wallet will thank you later.