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 home buyers say that a home’s curb appeal is an important factor in their buying decision. So, we’ve set out seven exterior home improvements that can increase resale value and help sell your home even faster. Check out the list and infographic below.
Share this Image On Your Site
Replace Your Front Door
Believe it or not, a front door says a lot about you and your home. A quality front door can be a huge asset for your home’s value, and how secure your home feels upon entrance. 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 can cost around $1,230, but that investment can more than pay for itself with the amount of value it adds to your home. A quality front door replacement can bring you a return of around 102 percent, which makes it a great bang for your buck.
Over 92 percent of prospective home buyers use the internet at some point during their search process, meaning a lot of eyes are going to be looking for pictures of your home. You want to be able to showcase your property in the best light possible to drive interested parties in for a closer look. According to Bankrate, a quality landscaping job has the potential to net you a whopping 252 percent return in increased home value. John Harris, a landscape economist, has stated that updated landscaping and lawn care can increase a home’s value by 28 percent and have it sold 10 to 15 percent quicker. For instance, the average home in Austin sat on the market for 42 days in May before being sold according to Austin Home Search. So, by that token, upgrading your home’s landscaping can effectively help sell a home almost a week sooner on average.
Most prospective homeowners tend to look at what they need to update or work on in the homes that they look at. Repainting your home can cause less stress on the buyer since they know that the job is fresh and adds to the look of the home. 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 that potential buyers can envision themselves inside your home, and having a neutral exterior color is appealing to a larger pool of buyers. If you do feel the need to add some brighter colors, make sure that 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.
Add Home Automation
The home automation industry is expanding faster than ever. Nearly everyone has a smartphone with them at all times, 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 into your residence 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, the price ranges vary from cost-effective to break the bank, so weigh your potential return with your realtor before proceeding.
Add a Privacy Fence
Having a quality fence can drastically change the look and security of your home and property. Depending on where you live, fences are on average four to nine feet tall 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 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.
Replacing old, single-pane windows is a great way to add a level of security, modernize your home, and help bring energy costs down. According to Energy Star, you can save from $125-$465 per year on energy bills. 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 sway a buyer to choose your home.
Pressure washing is hands down the best bang for your buck in terms of rejuvenating the exterior look and feel of your home. Many people don’t realize how dirt their driveways and walkways are until they start pressure washing the surfaces and seeing the difference. Bob Villa says, “If the paint is still in good condition, a light pressure wash will brighten it up and welcome visitors”. For the low average price of $236 (may be more depending on lot and home size), you can have your home and property pressure washed. You also have the ability to rent a machine at almost any home improvement store and turn it into a weekend project for yourself.
As you can tell by the list, there are multiple 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 helping hand, such as a proper landscaping job. We’ve already been helping Austin homeowners find the quality lawn care service they need, and we hope to continue providing the same quality of service to the Houston, San Antonio, Dallas, Nashville, and Jacksonville areas. And remember, as with any home improvement project, make sure to contact your local realtor or industry specialist to figure out which improvement works best for your goals and needs.