Out­door Im­prove­ments That Boost Home Value

Belleville News-Democrat (Sunday) - - Homes/Jobs -

Whether home im­prove­ment projects are de­sign to im­prove the in­te­rior or ex­te­rior of a house, fo­cus­ing on ren­o­va­tions that make the most fi­nan­cial sense can ben­e­fit home­own­ers in the long run. The right ren­o­va­tions can be as­sets if and when home­own­ers de­cide to sell their homes. So how does one get started? First and fore­most, speak to a local real es­tate agent who is knowl­edge­able about trends in the com­mu­nity. While a swim­ming pool may be some­thing cov­eted in one area, it may im­pede sales in an­other. It also helps to study gen­er­al­ized trends and data from var­i­ous home im­prove­ment in­dus­try an­a­lysts to guide up­com­ing projects. The fol­low­ing out­door projects are just a few ren­o­va­tions that tend to add value.

Fire pit:

A fire pit is a great place to gather most months of the year. Bob Vila and CBS news re­port that a fire pit re­al­izes a 78 per­cent re­turn on in­vest­ment, or ROI.

Out­door kitchen:

Many buy­ers are look­ing to uti­lize their yards as an ex­ten­sion of in­te­rior liv­ing ar­eas. Cook­ing, din­ing and even watch­ing TV outdoors is in­creas­ingly pop­u­lar. Out­door liv­ing ar­eas can be cus­tom de­signed and built. In ad­di­tion, pre­fab­ri­cated mod­u­lar units that re­quire a much smaller com­mit­ment of time and money are avail­able.

Pa­tio:

Home­own­ers who do not al­ready have a pa­tio will find that ad­ding one can in­crease a home’s value. Pa­tios help a home look neat, add us­able space and may help a home to sell quickly. The ex­perts at Space Wise, a divi­sion of Ex­tra Space Stor­age, say that re­fin­ish­ing, re­pair­ing and build­ing a new pa­tio of­fers strong ROI.

Deck:

Deck can be as valu­able as pa­tios. A deck is an­other out­door space that can be used for en­ter­tain­ing, din­ing and more. Re­mod­el­ing mag­a­zine’s 2018 “Cost vs. Value” re­port in­di­cates that an $11,000 deck can add about $9,000 in re­sale value to the home, re­coup­ing around 82 per­cent of the project’s costs.

Door up­date:

Im­prove curb ap­peal with a new, high-end front door and garage doors. If that’s too ex­pen­sive, a good cleaning and new coat of paint can make an old door look brand new. These easy fixes can im­prove a home’s look in­stantly.

New land­scap­ing:

The Na­tional As­so­ci­a­tion of Realtors says an out­door makeover that in­cludes well-thought out land­scap­ing can net 105 per­cent ROI. In­stalling a walk­way, ad­ding stone planters, mulching, and plant­ing shrubs are ideas to con­sider.

Many dif­fer­ent out­door projects can add value to a home.

Ed­i­to­rial con­tent pro­duced in con­junc­tion with the Belleville News-Demo­crat ad­ver­tis­ing depart­ment

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.