Replace Dated Doors: Homeowners who swap their front door for a steel unit with window panels, casing, and new hardware typically realize a 75% return on investment. Upgrading garage doors is another way to boost a home’s value with a 98% return on investment.
Replace Siding: Replacing siding, if done properly, is actually one of the most cost-effective ways to improve a home’s value. Vinyl siding is inexpensive, relatively easy to install, requires little maintenance and is highly versatile. Homeowners who choose to opt for vinyl siding have been estimated to recoup 80.7% of their investment. Another popular option, fiber-cement siding is capable of resisting termites, moisture, rot and fire. Once installed, fiber-cement siding can yield an 84.3% return on investment.
Replace Roof: Curled or cracked shingles, moss, or missing granules are signs that it may be time for a new roof. A new roof can produce a 69% return on investment.
Add a Deck: A well-maintained deck provides the perfect spot for entertaining and is a major selling point for buyers. Homeowners who install a new deck can expect to recoup 76% of their investment.
Install a Backyard Patio: A backyard patio is another way to increase enjoyment at home while improving the value of a home. Patios are typically cheaper than installing a deck and will yield a return on investment of about 69%.
Refresh Landscaping: Landscaping acts as a natural coolant, cleanses the air, minimizes noise and provides privacy. Homeowners who give their landscaping a makeover can expect to realize an 83% return on their investment.
Plant Trees: Studies of comparable homes with and without trees show that a home with trees in the yard can increase the home’s value by as much as 15%. If you’re planning to sell in three to five years, plant well-established trees. They may be more expensive, but you’ll wait less time to see the full effects in your yard.
Implement a Lawn Care Routine: A well-maintained lawn mowed weekly, with six applications of lawn fertilizer and weed-control applied annually yields a 267% return on investment.