You want to get the most bang for your buck when it is time to put your home on the market. There will be things you have to do; such as fixing the leak under the sink that you just haven't had time to deal with; and things you should do, such as ensuring the outside of your home is memorable and attracts potential buyers in the initial phase of their home search.
Great curb appeal will not only assist you in getting more people through the door, but it will also cause them to remember your home when it comes time to make their decision. If a purchaser does not have to do anything to the exterior, they will have more time to make the inside feel like home, which makes your listing a more appealing purchase.
Overall a home with excellent curb appeal will, on average, net a return of roughly 150% according to HGTV’s “Curb Appeal” host John Gidding, in an interview with Jill Chodorov Kaminsky. That means making sure the exterior of your home stands out from the rest while ensuring the things you do are worth the money you are investing into it should be a top priority.
John Gidding Image Courtesy of HGTV
Remodeling Magazine releases a yearly Cost vs. Value Report that analyzes the ROI of 29 remodeling projects, and in 2017 curb appeal takes the win. You always hear its whats on the inside that counts, but this year it is what on the outside and while some interior projects still have high value, without stellar curb appeal, your potential buyers will never step foot inside your home to see it.
Your Front Entry
Your front entry is among the first things people will see when they arrive at your house. You want to make sure that the front porch and walkways are clean, freshly painted, and free of defects. Consider installing a new light fixture as well as low-voltage landscape lighting along the walkways and landscape.
While most realtors will tell you the first step to obtaining great curb appeal is to paint your front door, if you take it a step further and install a new steel entry door you will see a return on investment of 90.7%. Steel doors yield a high return rate due their increased security design, and durability.
Manufactured Stone Veneer
Stone veneer has become an attractive and easy way to change the outside of your home. The panels are relatively inexpensive and can be used to completely alter the look of your exterior. It can be applied around the foundation, or just in specific areas to accent a section of the home. The manufactured stone veneer, which leads a return on investment of 89.4% is currently one of the more popular products to update the look of your home.
Garage Door Replacement
While it might not seem very cost effective, a garage door replacement comes with a return rate of 79.9%. As the primary point of entry nowadays for most homeowners, a new automatic garage door ensures convenience and safety making it a high priority for home buyers. With all the customization options available today, the uniqueness of your garage door can help to make your home stand out above the rest.
Landscaping is Always the Winner
Landscaping yields the highest rate of return at 100-200% while adding up to 20% of value to your home. You can do all the things listed here, but if there are still dead bushes, trees, and unruly flower beds in your yard, it will be for nothing.
The upkeep of your lawn shows that you take pride in your home while signaling to potential home buyers that they will likely have fewer issues with the home upon purchase. Superb landscaping and hardscaping will also give your home the illusion of having more value making it easier to ask a higher price. Making your landscaping a top priority is key to successful curb appeal. By hiring a landscaping company, an expert will design and create a unique and welcoming environment ensuring you get the most out of the space.
We all want to get the most money back from our investments as possible. By focusing on the things that bring in the most return, you stand a higher chance at not only selling your home faster but bringing in the most money possible from the sale.