5 Exterior Renovations to Boost Your Home’s Resale Value
If you’re planning home renovations, it’s hard to know where to start. We always recommend homeowners begin by refreshing the exterior of their homes. That’s because exterior renovations can bring you the most return on your investment when it comes to boosting resale value. If you’re planning on selling in the next 5-10 years, this summer is a great time to start making those outdoor upgrades.
Why do some home improvements have more value than others?
When buyers are shopping for a home, they’re looking for specific qualities. One of the main items they look for in a house is curb appeal. Resale value has a lot to do with how your house is viewed from the outside.
This doesn’t mean you should neglect the interior of your home. It just means you can prioritize a few outdoor renovations this summer so you can get more value the next time you move or upgrade.
The Top 5 Exterior Renovations to Increase Your Resale Value
Replacing Your Garage Door
Your garage door takes up a big chunk of the front of your home and accounts for a major percentage of your curb appeal. An old or unstylish door can seriously harm your resale value, and its replacement is relatively affordable for how much value you get back out from it.
Garage doors are meant for both style and functionality. Most homeowners will opt to replace their garage doors and openers at the same time. It’s an affordable and easy way to change the overall aesthetic of a home and get a modern, smoothly functioning door at the same time.
Garage doors are highly customizable. You can choose the colour, finish, and windows to match or update your home’s look. As a bonus, you can install shelving units and cabinets in the garage to make it easy to organize storage space and maximize your usage.
Replacing Your Siding or Stucco
Sometimes the exterior of your home needs a facelift to look fresh and new. Old siding and stucco can easily date your home, harming resale value with a single glance. When a Homes by Tricolor contractor comes to your home for a consultation, we can discuss your options for your new home exterior. From there, we’ll see what works best given your style of home, the style of other homes in your area, your budget, and your vision for the outside of your home.
Redoing Your Landscaping
Landscaping is an important but often overlooked aspect of curb appeal. If your landscaping is dull or unfinished, it can make your entire home look sloppy. New landscaping doesn’t have to be fancy or complex, but it should follow a pattern so you can easily maintain it and add to it. A few flower beds, some mulch or wood chips in gardens, and some well-places trees and shrubbery for shade and privacy are easy fixes that can make a big difference – even when you’re on a tight budget.
Putting in a New Front Door or Entrance
They say first impressions are everything, which means whenever someone walks into your home they should already feel good about it. Entryways that are dark, old, badly lit, or worn out should be one of your top priorities in an outdoor renovation.
One of the top renovations we see homeowners investing in during the summertime is stone veneer places around the entryway. This small addition creates a luxury look on a relatively small budget.
Windows and doors in your entryway can also easily date your home. You can also replace or refinish your old front door for a brighter and more modern look. As a bonus, updates to window and doors also increase your home’s energy efficiency.
Building a Deck (Or Refurbishing/Replacing an Old One)
In Alberta, we don’t have a lot of time to spend outside. That makes a backyard deck an important part of any house. Everyone wants somewhere to enjoy outdoor BBQs, relax, and entertain friends and guests.
A high-quality deck can go a long way toward helping you sell your home when it comes time. The key is to make sure it’s built for sustainability. Cold winters, water leakage, and other weather-related issues can easily pop up and ruin a deck long before it’s time. Have an experienced professional install your deck for the best results.
Exterior Home Renovation Specialists in Edmonton
Looking for an Edmonton renovation company for your home? Homes by Tricolor has years of experience in custom home building, general contracting, and renovations.
We’re ready to tackle all your renovations in Edmonton, from basement developments and bathroom renovations to exterior services. Call for a consultation and free quote on your next project!