It's no secret, we all want our home to grow in value.
Don't leave it up to the market to decide!
Instead, use these 12 projects to make your home more valuable and more enjoyable.
Best of all, you can use this article as leverage to convince your partner to make that home improvement you have always wanted.
After all, it's to improve the value of your home... right? ;)
Sound like a plan? Then lets jump right in to project number 1...
Project #1- Add a Fire Feature
Estimated Cost: $6000 Estimated Value: $4000
Value Recovered: 67%
No doubt about it, one of the best ways to gather with friends and family is to get around the fire!
This is crazy, but not only will a fire pit make your landscape more enjoyable...
83% of homeowners felt a greater desire to spend more time at home after installing a fire pit.
Now you have every excuse you need to build a fire pit!
If your wife asks why just tell her:
"It's to boost our home's curb appeal."
Project #2- Replace the Garage Door
Estimated Cost: $2100 Estimated Value: $2000
Value Recovered: 95%
If your garage door isn't up to date, replacing it is another great way to improve your home's curb appeal.
Upgrading your garage door can be a great way to improve the value of your home, and make it more appealing to buyers when it comes time to sell.
If your garage door is in good shape, but just 'a little rough around the edges' you could...
Try your luck with a fresh coat of paint on the garage door.
Project #3- New Steel Front Door
Estimated Cost: $2000 Estimated Value: $1500
Value Recovered: 75%
For most DIY'ers, this is an easy home improvement upgrade that can make the entrance of your home much more appealing.
Truly the entrance of your home is the first impression people have of what is on the inside.
By having an outstanding entrance, the rest of your home will be more appealing to prospective buyers. And of course, this investment will boost your property's value as well.
"Improve your home's security, and value with a steel door."
Project #4- Keep up On the Lawn Care
Estimated Cost: $375 Estimated Value: $1000
Value Recovered: 267%
You better bet, as part of the lawn care service industry, we are going to push the importance of having a great lawn care program.
But here's the deal, lawn care offers the highest value recovered on this list of home improvements!
A solid lawn care program would include:
- Weekly/biweekly mowing
- Annual Aeration
- and Over-seeding.
Truly there is much more to it than that, and if you want to learn more check out our ultimate lawn care guide.
A lawn care program is a low cost, high-value investment.
"I need the new z-turn to improve our home's value honey."
Project #5- Update your Siding
Estimated Cost: $15,800 Estimated Value: $10,000
Value Recovered: 63%
Here's the deal, this one certainly tops the list in cost, but it is one of the best ways to boost curb appeal.
Replacing siding and adding a fresh coat of paint to your trim, is an excellent way to improve your home's value.
Always keep in mind, that first impressions are lasting impressions. And the facade of your house is the first impression most likely buyers will get on your house.
While this may be one of the more costly exterior home upgrades, It is one of the be ways to ensure your home will sell when it hits the market.
"First impressions are lasting."
Project #6- Upgrade Your Landscape
Estimated Cost: $6000 Estimated Value: $5000
Value Recovered: 83%
Look, it's no secret having a stellar landscape is a huge help in improving your homes value.
Depending on where your landscape is currently, beautifying your landscape can be inexpensive, or it can be a major investment.
However, investing in landscaping has a high return on investment. As much as 83% according to the NALP.
Whether you need to totally redo your landscaping, or you just need to catch up on maintaining it, the time will be well spent.
"#1 project to likely add value according to NAR."
Project #7- Add a Wooden Deck
Estimated Cost: $10,000 Estimated Value: $8000
Value Recovered: 80%
A good deck is a great place to hang out with friends and family.
One of my favorite things to do is sit out on my covered deck in a thunderstorm.
And I am not alone in my love for decks...
"81% of homeowners that added a wood deck expressed a greater desire to spend time at home."
The simple fact of the matter is a deck can be an excellent way to improve the value of your home.
Project #8- Install a Backyard Patio
Estimated Cost: $7,200 Estimated Value: $5000
Value Recovered: 69%
Lawns are great, but even better when they border a gorgeous backyard patio.
A patio can be extremely simple, or extremely complex.
Patios can be made out of:
- Pea Gravel
- Stone slabs
- or Cement
No matter the material you chose, one thing is for certain. A backyard patio is a great way to increase your home's value.
"A patio goes along great with project number 9 too!"
Project #9- Build an Outdoor Kitchen
Estimated Cost: $14,000 Estimated Value: $10,000
Value Recovered: 71%
This one will not only make your home the best on the block for gatherings, it will also likley improve the value of your home.
An outdoor kitchen can really increase the desirability of your home when it hits the market.
It's true that only 1% of realtors recommend adding this exterior improvement. However, it can be a great addition for households that often host large gatherings.
"Take your weekend BBQ to the next level with a complete outdoor kitchen set up."
Project #10- Add Outdoor Lighting
Estimated Cost: $5000 Estimated Value: $2500
Value Recovered: 50%
You can't enjoy the look of your property at night if you don't have proper lighting!
You can either get a few solar lights and shine some light on your home's best features, or go all out with a professionally installed lighting system.
If you do get your lighting installed professionally, take it one step further by adding energy-efficient bulbs that last longer and save you money on your utilities.
Here's the deal, proper lighting can define your borders, and highlight your centerpieces all night long.
Which not only leads to a more valuable home, but also makes your home more enjoyable.
"Show off your new home improvements with outdoor lighting."
Project #11- Plant and Care for Trees
Estimated Cost: $2000 Estimated Value: $2000
Value Recovered: 100%
Look, trees are one of the best ways to improve a homes value on a budget.
Get this full-grown trees can increase a properties value by up to 9-12%!
And the National Association of Realtors places tree care in the top 4 of value increasing home improvements.
Warning! Always plan ahead when planting a tree. Placing a tree in the right location is essential to avoiding damage to your home or other property.
"In general, you want to plant a tree no closer than 20 feet to your home."
Project #12- Install a Lawn Sprinkler System
Estimated Cost: $3500 Estimated Value: $3000
Value Recovered: 86%
Part of maintaining that perfect lawn and landscape is regular watering.
It's no secret, the best way to keep up on your watering regiment is to install a sprinkler system.
Not only will a sprinkler system improve your home's value on its own.
The act of regular watering will lead to a fuller, more impressive landscape!
"If you give a man a z-turn, he will ask for an irrigation system."
What is percent of value recovered?
To get the best insight for this article, we relied on the 2018 Remodeling Impact Report: Outdoor Features.
This study is a joint effort by the National Association of Landscape Professionals (NALP), and the National Association of Realtors (NAR).
Here's the deal, the NALP, deduced the cost of each project by getting quotes from professional landscapers.
While the NAR used a survey of their network of realtors to find the value of each upgrade.
They determined the % of value recovered by dividing the value, by the cost, then multiplying by 100.
Cost of installation is $1000, and the value recovered is $650.
650 Divided By 1000 is .65
650 / 1000=.65
1.54 x 100 = 65%
% Value Recovered:
Bottom Line on Home-Improvements that Will Improve Your Homes Value
As with all things in life, you get what you are willing to put in.
But some improvements are more valuable than others. These 12 exterior home improvements have proven time and time again to improve the value of your home.
Whether you are a DIY type or the type to hire the pros, making these home improvements can not only improve your homes value, but also improve its likelihood of selling.
If you do need to hire the pros for your lawn care program, or improving your landscape, look no further than the pros at GreenPal.
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