There’s always a lot of focus on which indoor remodeling projects and upgrades are best to improve the value of your home, but what about outdoors?
Curb appeal is one of the most important things your home can offer a potential buyer, and just like you should choose your indoor projects carefully regarding return on investment, the same goes for what’s happening outside.
Before going into some of the projects that work well from an investment and value standpoint, there are other projects such as adding a pool that are shown to increase a homeowner’s enjoyment of their property significantly, but they don’t necessarily end up offering a good return on investment.
The following are some practical outdoor updates you can make if you want to improve your home’s value.
The idea to build a storage shed or detached structure is one a lot of people have right now, and there can be some financial benefits to doing this.
First, one of the big trends is renting out spaces in your home on peer-to-peer sites for extra income, and having a separate structure outdoors may provide this option, which could be appealing to buyers. Other trends include having plenty of storage space and even quirky concepts like “she-sheds.”
If you do end up adding an outdoor structure, focus on using high-quality materials, because this is something buyers appreciate.
Overall Landscape Upgrade
One of the best ways to quickly up the value of your home is to overhaul the landscaping. This can include adding pavers or paths, installing new mature shrubs, and mulching around beds and other areas.
Generally, you just want to have a lawn that looks well-designed and maintained, and sometimes this means putting in some work.
In addition to upgrading your landscaping in general, it’s also good to invest in reseeding your lawn and having a standard lawn care program in place. If you’re looking for another option, thinking about putting in a sod lawn.
Patios and Decks
Based on research and information from Realtors, if your home’s value is a top priority you might think about adding a patio or a deck. These are among the top projects that are most likely to add value.
Within this category, specifically adding a wood deck seems to perform best in terms of returns.
Paint can go a long way toward making your home look better and making it more appealing to potential buyers. When you’re taking on a paint project, don’t forget about things like the front door and the shutters.
A fresh coat of paint is one of the cheaper options on this ranking, and it can also keep your home in good condition, whether you’re concerned with the value or not.
Finally, there are small projects such as adding a fire pit that can be good to impress buyers, although you might not get as big of a monetary return on your investment as you would with some of the other options on this list.