Do you ever feel like your home’s exterior…. needs some help? Well, to be honest- your neighbors probably do as well. I’m sure you have planned on eventually doing some renovations and upgrades, but the time just never seemed right. Well, newsflash: the time is NOW!
You are missing out on CRUCIAL home equity opportunities! Outdoor renovations have HUGE returns for homeowners. So where should you start? With the help of remodeling.net, I’ve put together a list of the top 9 outdoor renovations with the highest return!
Most Profitable Outdoor Renovations for 2015:
The Top 9 Most Profitable Outdoor Renovations of 2015
8) Garage Addition
7) Roof Replacement
6) Window Replacement
5) Deck Addition
4) Vinyl Siding Replacement
3) Garage Door Replacement
2) Stone Veneer
1) Entry Door Replacement
You can spend anywhere from $20-20,000 dollars on your landscaping and you will always see a great return on investment. When the outside of your home looks the best it can, you are going to attract buyers who will be willing to pay more money for your home. So make sure to keep your grass green and those shrubs trimmed, more than just your neighbors will appreciate the effort.
Photo via: greenwaylawn.com
8) Garage Addition:
Adding a garage to your home is a HUGE asset, but it’s also a HUGE renovation cost. An average garage addition will cost a homeowner $52,382. The good news is a seller can expect an average return of about $33,938 or 64.8% on the addition. Not to mention you will now enjoy all the luxuries of having your own garage. Not too shabby, if you ask me.
Photo via: johnsonconsturction.net
7) Roof Replacement:
Keeping your roof well-maintained is crucial to the upkeep of your home. It’s easily one of the most forgotten parts of your home, but easily the most important. Replacing an old roof is necessary to prevent costly damage. An average roof replacement costs about $19,528 and has a return of about $13,975. That is a 72% return on something you can’t live without. Looks like you’re out of excuses for putting it off, call your local roofer immediately!
Photo via: mediashower.com
6) Window Replacement:
Can you hear every move your neighbors make? It’s probably a sign you have outdated windows that need to be replaced (or really bad neighbors). New windows are more energy efficient and are great for blocking out unwanted neighborhood noise. You will sleep easier without all the extra noise and the added bonus of lower heating and cooling costs!
There are two options for window replacement with two very different returns!
Replacement Wood Windows: Average cost is $11,341 with a return of $8,937 (79%)
Replacement Vinyl Windows: Average cost is $11,198 with a return of $8,163 (73%)
Photo via: iossisidingandwindows.com
5) Deck Addition:
This next reno will make your mouth start watering for some summer BBQ! Adding a deck onto your home is a great way to add extra living space more cost-effectively than adding an extra enclosed room! The addition of a wood deck has an average cost of $10,048 and a return of $8,085 or 81%. Not to mention, think of the summer barbecues you could host! So, tell me… why haven’t you installed a deck yet?
Composite Deck option: Average cost of renovation is $15,912 with a return of $10,816 or 68%.
Photo via: picusdemo9.com
4) Vinyl Siding Replacement:
Has your house been looking like it needs a little pick-me-up? It might be time to think about replacing the vinyl siding. I know what you are thinking, it is going to be a long week of workers constantly hammering on the outside of your house. I’m sorry to have to tell you that that is exactly what it’s going to be. The good news? Once it’s finished your house will look like it was built yesterday. With an average cost of $12,013 and a return of $9,694 or 81% you would have to have been born yesterday to skip out on this renovation!
Photo via: emahomerepair.com
3) Garage Door Replacement:
Does your garage door need a lot more than a new coat of paint? No worries, you are not alone. Why worry about replacing the garage doors when you could buy that new grill you wanted, right? WRONG. Replacing your garage door has a MASSIVE return of 89%. The installation is quick and has an average cost of $1,595, which means you get a return of about $1,410! It might be time to start paying attention to that forgotten garage door of yours.
Photo via: yacineaziz.com
2) Stone Veneer:
How many times have you driven passed a house and noticed its beautiful stone accents? If you are anything like me, probably more often than you would like to admit. If you were on the fence about adding some stone to your home’s exterior, here’s your reason why you should. The renovation comes with a killer 92% return on investment. It will cost you on average about $7,150 depending on the stone you pick, but of that investment you will get a return of about $6,594.
Photo via: brandywinepatio.com
Are you ready for the NUMBER ONE MOST PROFITABLE OUTDOOR RENOVATION?
Here goes nothing…
1) Entry Door Replacement:
In case you were wondering, “Entry Door Replacement” is just a fancy way to say “NEW FRONT DOOR”. Yup, want to do a renovation that packs an astounding 102% return on investment? Just update the front door of your home. With an average cost of $1,230 and a return of $1,252, take the time this weekend to put in a new door. It won’t take longer than an afternoon and you can rest assured you will get the most bang for your buck.
Photo via: cdn.homedit.com
Well, now that you have your next renovation planned. Let’s get started.
Photo via: pixabay.com