As the weather gets warmer and we start spending more time outside, you may start seeing areas of your home that can be updated. Maybe you’d like a deck to relax on or your curb appeal could use some work. However, not all home projects are created equal as some will yield a better return on investment than others. Whether you’re looking to sell your home or just want to do projects with a high ROI, these are 6 exterior projects that can increase your home’s value. Give your local Ace Handyman Services a call and we can help you with these 6 projects and complete up to 1,162 projects around your home.
Garage Door Replacement
A good-looking and functional garage door has become a popular investment for many homeowners this year. One reason is that there are very few home improvement projects that have a return on investment that is higher than 100%. The average ROI for a garage door replacement in 2023 is 102.7%, according to Remodeling by JLC.
Another reason that replacing your garage door has become a popular investment is that it not only increases the functionality of your home, but it also increases the curb appeal.
Entry Door Replacement (with a steel door)
The Constructor says that “Steel doors are manufactured from strong steel… a steel door is a polyurethane or polystyrene core coated with a thin skin of steel material.” Steel doors make great options for an entry door because they’re more resistant to wear and tear than a wood door and they’re strong and durable.
What makes a steel door special?
First, they are energy-efficient, which has become more and more important to homeowners in the last decade. Homebuyers are searching for more environmentally friendly designs and homeowners are adding more energy-efficient appliances and features to their homes. This is likely due to the doors fitting tighter in the frames, which reduces drafts.
Second, the average ROI for an entry door replacement increased from 64% in 2022 to 100.9% in 2023, according to Remodeling by JLC! Although these doors are more expensive than most entry doors, they can increase your home’s value more making them a worthwhile investment.
Landscaping
Sprucing up your curb appeal with professional landscaping is an easy way to increase your home’s value. Updated landscaping also creates a good first impression with potential buyers and guests. From fertilizing your lawn to mulching to cleaning up your flower beds and walkways, these projects yield an average ROI of 100%.
Go beyond just your front yard by adding lights to your walkway and driveway, updating your exterior trim, or repainting your exterior.
Expanding Your Outdoor Living Space
Homeowners have been spending more time at home, including working from home. Because of this, many have wanted to expand their living space by creating outdoor spaces that can support this. Expanding your outdoor living space by adding a deck, patio, or porch is an excellent way to increase your home’s value and make better use of your outdoor area and making it an oasis!
This year is ideal for adding a deck, porch, or patio because the average return on investment is high – 90.3%! A wood deck has the highest ROI, but any type will increase your home’s value because of the added functional space.
Siding Replacement
Even as a homeowner, you may not think a lot about your home’s siding. It adds a protective layer around your home and can increase your home’s curb appeal when taken care of, but it probably doesn’t play a huge part in your daily life. However, upgrading your siding is one of the best exterior projects for increasing your home’s value.
Different types of siding will yield different ROI’s. Manufactured stone veneer can add a classy look to your exterior and enhance your curb appeal even if you only use it on a small part of your home. Stone veneer returns the highest investment at 102.3%. Vinyl siding, the most budget-friendly mentioned here, returns about 94.7% on your investment. Fiber-cement siding, which is the most expensive on average, will give you an ROI of 88.5%. All three sidings are great for increasing your home’s value no matter which one you choose!
Window Replacement
Window replacement is a project that can increase your home’s value and save you money on utility bills. Better windows mean that your air conditioner or heat won’t need to run as much, which can save money each month. Vinyl window replacement averages 68.5% ROI and wood window replacement average 61.2% ROI.
Regardless of the exterior project you choose, do research before embarking on a project that can increase your home’s value. At Ace Handyman Services, we have a lot of resources that were made to help homeowners know what to expect from our services and what to expect from home improvement projects. If you know that your home could benefit from one of the above projects, contact us! Our Multi-Skilled Craftsmen can help you increase your home’s value and maintain the updates for years to come!
Source for ROI percentages on blog and graphic: Remodeling by JLC 2023 Cost vs. Value report and NelsonKB (Landscaping and Expanding Outdoor Living Space)