Looking for new outdoor upgrades that can improve your homes value? This infographic offers 12 outdoor upgrades that will add value to your home!
When it comes to boosting the value of your home, perhaps nothing offers a bigger boost to your property value than redoing the siding on your home. By redoing the siding of your home, you can expect to see a return on value as high as 95%. Meaning if you spend $10,000 on new siding, your home value may increase as much as $9500. Your home may also be more appealing to prospective buyers.
When it comes to the exterior of your home, nothing may have a greater impact in attracting prospective buyers than your landscaping itself. According to research by the National Association of Realtors (NAR), landscaping has the biggest impact on the value and curb appeal of your home.
Believe it or not, lawn care has a huge return on investment. Homeowners can expect to see as much as a 256% ROI when it comes to the amount they pay for lawn care. Get this, if a homeowner spends $300 on manicuring the lawn, they can expect to see as much as a $768 increase in the value of their home.
If you want to improve the value of your home, here is a list of home renovations you should consider. Ordered from most important to least; upgrading your landscaping, standard lawn care, adding a sprinkler system, planting trees, redoing the siding, building a fire pit and outdoor patio, and replacing your front door.
Return on value refers to the cost of a renovation, vs. how much the renovation adds to the value of your home. For example, if the cost of installing a garage door is $1000, and the value it adds to your home is $800. The Return of value recovered is 80%.
The bottom line, when it comes to boosting the value of your home, you won’t want to overlook the 12 exterior home renovations mentioned in this infographic. This infographic was created from information sourced from BobVilla.com.
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