Curb appeal is everything when it comes to selling your home, and that means your home’s exterior needs to be in optimal condition. In fact, 71 percent of prospective homebuyers say a home’s curb appeal is an important factor in their buying decisions. So, we’ve laid out seven exterior home improvements that can increase resale value and help sell your home even faster. Check out the list and infographic below.
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1. Replace Your Front Door.
Believe it or not, a front door says a lot about you and your home. A high-quality front door can be a huge asset for your home’s value and how secure your home feels. Kelly Fallis of Remote Stylist says: “It’s the first thing a buyer walks through. Repaint or replace; their first impression rests on it.”
According to House Logic, a standard 20-gauge steel door costs around $1,230, but that investment can more than pay for itself with the amount of value it adds. A top-notch front door replacement can bring you a return of around 102 percent, which makes it a great bang for your buck.
2. Update the Landscaping.
Over 92 percent of prospective homebuyers use the internet during their search process, meaning a lot of eyes are going to be looking at pictures of your home. You want to be able to showcase your property in the best light possible to drive prospective buyers.
According to Bankrate, a high-quality landscaping job has the potential to net you a whopping 252 percent return in increased home value. John Harris, a landscape economist, has said that updated landscaping and lawn care can boost a home’s value by 28 percent, and have it sold 10 percent to 15 percent quicker.
3. Do Some Painting.
Most prospective homeowners tend to look at what they need to update in the homes they’re considering. Repainting your home can freshen up what might be a tired-looking façade. That being said, don’t go overboard with color choices. Choose warm and inviting colors, such as taupe, tan or white.
“Individuals too often minimize the impact of a first impression,” says James Alisch, managing director of Wow 1 Day Painting. “The exterior paint job of a home greatly impacts how potential buyers feel about a place.”
You want to make sure potential buyers can envision themselves inside your home; having a neutral exterior color is appealing to a larger pool of buyers. If you do feel the need to add brighter colors, make sure they aren’t overpowering and can work well with the neutral base. It’s best to consult your local home improvement store to discuss your options and budget.
4. Add Home Automation
The home automation industry is expanding rapidly. Millions of Americans have smartphones, so adding wireless automation to your home could be the feature that sways a buyer. According to Home Advisor, the average cost of adding home automation is around $2,100.
Clair Jones of LocalInternetService.com says: “Most smart locks are available for under $250. For such a small purchase cost, home owners can expect a full return on their investment when they sell their home, and may even see an opportunity to present their property as a ‘smart home’, which is a hot market term right now.”
Like most technology products, prices vary from cost-effective to break the bank, so weigh the potential return with your Realtor before proceeding.
5. Add a Privacy Fence.
Having a high-quality fence can change the look and security of your property. Depending on where you live, fences are on average 4 to 9 feet high, and made of quality materials such as wood or stone. While a chain-link fence is an option and may be secure, it won’t look good or provide the privacy that a wood fence or stone wall will. The average cost of a wood fence is $2,450, but homeowners can expect to get 100 percent back in updated home value.
6. Updated the Windows.
Replacing old single-pane windows is a great way to add a level of security, modernize your home and help reduce energy costs. According to Energy Star, you can save from $125 to $465 per year on energy bills by replacing windows.
While you may not recoup the entire cost of the new windows when you sell your home, many prospective buyers will see value in energy-saving additions. New windows are a great way to give new life to your home without a ton of changes, and can help persuade a buyer to sign a contract for your home.
7. Pressure Wash the Exterior.
Pressure washing is hands down the best bang for your buck in terms of rejuvenating the exterior of your home. Many people don’t realize how dirty their driveways and walkways are until they start pressure washing the surfaces.
Home improvement guru Bob Villa says: “If the paint is still in good condition, a light pressure wash will brighten it up and welcome visitors.”
For an average price of $236, you can have your home and property pressure washed. You also can a machine at almost any home improvement store and turn it into a DIY project for yourself.
As you can tell by this list, there are several ways to increase your home’s value and even make a decent return on the original costs. Some projects can be done yourself, such as adding smart locks to your home, and some may need an extra hand, such as a properly landscaping the front yard. Remember that with any home improvement project, be sure to contact your Realtor or industry specialist to figure out which improvements will work best for you and your home.