Most people know what high ROI interior property improvements look like. Adding a new bathroom or upgrading kitchen cabinets can be a great way to boost the amount that potential buyers are willing to pay. When it comes to exterior installations, what works best? That's what we explore in this listicle.
Garage door replacement
Perhaps the highest ROI job that you can do on a property is to replace the garage door. For some reason, buyers absolutely hate having to deal with this issue once they move in and would rather pay extra for a property where they don't have to worry about it. Garage doors are critical because they are an essential part of your garage's facade.
ROIs on garage door replacements can be up over 200%, meaning that you can get back double or even triple your money as long as the rest of your home is well maintained. The average cost is over $2,000, but because the return is so high, it's often well worth the investment.
Patio door improvement
Another improvement you can make is to your patio doors. Buyers love being able to enjoy a seamless transition between the interior and exterior of their property.
Getting sliding window screens is probably the best option. These slots beautifully into your existing exterior while minimizing the actual front footprint of the door. You don't have to have a door that swings inward or outward, taking up critical space. Instead, you can use almost all of the area because the space requirements of this type of installation are so minimal.
Siding replacement
Siding replacement with vinyl or cement is another idea. This improvement boosts the aesthetics of the entire exterior of the property, which is why people are willing to spend so much on it when they buy your home. It also has practical applications: for example, fiber cement is able to protect your property against weather, while vinyl is also waterproof and UV protective. The average cost is over $15,000, but the ROI can be up to 100%, because of this it's a solid, broad impact improvement that you can make.
Deck addition
You might also want to look into adding a deck to your property, either wood or composite. Buyers love deck improvements because it increases the usable space in their yards. They are able to lounge without getting muddy or churning up the grass while also entertaining guests, even at night.
Composite is probably the most popular option these days. It's because it's so low maintenance. You don't have to keep resealing it every year to protect it from the weather. A deck is relatively expensive. Most people pay around $20,000 for an installation. However, the return on investment is often high, perhaps as much as 90%, meaning that when you do come to sell your property, you'll get most of the money back.
So there you have it: some high ROI exterior upgrades you can make to your home to increase its value when you sell.