It may be hard to decide what to upgrade first on the exterior of your home. Exterior renovations are not cheap, so you won’t want to change anything more than once. Whether you are preparing to sell your home or just making necessary improvements, consider the return on investment, or ROI, for each project. This will help you determine which one to tackle first.
Roof
The ROI on new roofing Littleton CO is so high that you may actually make a profit. This is because the average cost of a new roof is less than the ROI your home will receive from the upgrade. If you are going to sell your home in the next five years, then a new roof will help you immensely. Real estate agents agree that a new roof helped them to close a deal around 30% of the time.
Even if you are not selling your home, a deteriorating roof can lead to many expensive problems. Leaks are sometimes hard to identify immediately and could damage walls and floors before they are discovered. For this reason, a roof renovation should be a priority.
Garage Door
It may be surprising to learn that garage door replacement has an ROI of about 94.5%. The reason for this may have to do with how much a new garage door can elevate the appearance of a home. These doors are large and are often in the front of the house. Upgrading them will give a facelift to your home. It is a great way to increase curb appeal.
Safety is also a concern when you have old garage doors. If your doors aren’t secured, then it is an easy way for burglars to break-in. Solid wood doors not only add protection but will also keep the garage at a more comfortable temperature.
Entertainment Space
Outdoor entertainment spaces have an ROI of 70% to 90% depending on if you add a patio or deck and what materials are used. For example, stone pavers will boost the value of your home more than a wooden deck. Besides the financial benefits, having a place to enjoy the outdoors has health benefits. Spending more time outside decreases stress and can lower your blood pressure.
Front Door
This is the least expensive upgrade but has a high return on investment, close to 100%. Upgrading an old metal door with a solid wooden one not only increases the home’s value but also heightens the curb appeal. It is an easy way to make your home feel more inviting, especially if you add some planters and new light fixtures in the entryway.