If you’re like most homeowners, your home is probably your most important asset. And we always want to see it appreciate. However, it won’t happen magically, and while homes tend to increase in value year after year, they usually lag behind inflation. This means that you’ll eventually start losing money if you don’t do something to make it more attractive and valuable. There are tons of things that you could do, however, and if you’re looking for great projects, the exterior is a great place to start. Here are 4 exterior renovations that will instantly add value to your property.
Create an Outside Lounge
One of the most luxurious, yet cost-effective additions that you could make to your backyard is to have a dedicated seating area or an outside living room. Some people may go for wood, but if you want to make it stand out, we suggest you use pavers. There are tons of ways that you can use pavers to improve your house’s curb appeal, like adding a winding walkway or a fire pit. As a matter of fact, you could combine all three of those for greater effect. If you’re looking for more ideas, we suggest you check out these ways to use pavers.
Add a Deck
If you don’t have a deck yet, this is probably the easiest way to add value to your backyard. It’s also something the wide majority of people will appreciate. And, the best thing is that you can do it all by yourself. This is the perfect project for people who are new to DIY and want to move up to something more serious. You could build your own deck for under $2000 if done right and could add as much as $10,000 to your property.
Change the Roof
Another thing you should consider doing is replacing the roof. However, it would be wiser to go for that option if the roof is on its way out. Not only can it improve the aesthetic look of the house, but it will be a winner with most savvy buyers. Replacing the roof is the last thing a homeowner wants to do, and knowing that it won’t have to be done possibly for the whole duration of ownership is something a lot of people will appreciate.
Improving outdoor lighting is something that will help your house stand out and make it more luxurious. Lots of lighting will also make people feel safe, and safety is a priority for most buyers. Also, you don’t want to make all these renovations if you can’t see them.
You don’t even have to do something crazy. You could do something as simple as hanging sconces on the side of the doors or add a hanging pendant over the front door. You could also consider adding solar path lights to your driveway. These are all relatively simple things that you can do to make your exterior look nicer and increase the value and attractiveness of your home. We suggest that you consider all of these tips, but make sure that you keep your budget under control if you want to get any kind of return.