The average home stays on the market for 39 days from listing to closing. The real estate market is so hot right now that many homes are receiving offers on the first day.
A significant number of homes are getting offers in excess of the listing price. Bidding wars are increasingly common as housing inventory is low.
First impressions are everything in the real estate market. The appearance of your home’s exterior could be the difference between selling quickly and receiving an excellent offer.
Read on to learn what exterior renovations are worth investing in. Explore the top five exterior projects that are certain to make your home look great.
Table of Contents
1. New Siding
Siding replacements are one of the most impactful renovations you can do. New siding material offers bold new colors that make your home stand out in the neighborhood.
Also, new siding yields a positive return on investment for your home’s value. In fact, homeowners recoup nearly 93% of siding replacement costs according to independent surveys. Only a kitchen remodel yields a better return on investment for major projects.
Outdoor living space is one of the most popular trends in real estate. Instead of building additions, homeowners are adding living space to their home’s exterior.
They are looking for spaces to put comfortable outdoor furniture. A deck is a perfect place to host an outdoor dinner party. Here, you can run string lights and mount outdoor speakers to improve the setting’s ambiance.
There are decking materials that take your exterior project to the next level. Composite decking and vinyl railings are two items to make your deck stand out.
3. Paver Patio
A paver patio falls in the same category as a deck. It increases your exterior living space and allows you to host visitors outdoors.
Paver patios are sometimes preferred over decks for a few reasons. One of the primary reasons is that patios typically do not require a permit from the local government. Any physical structure that is 12-inches or more off the ground often requires inspection and approval by the town you live in.
4. Garage Door
In the past, homes featured two plain white garage doors. As the years went on, garage doors became fancier by incorporating nice windows and designs.
Today’s garage doors are luxurious and can draw attention to your home. There are beautifully crafted garage doors that look like dark stained wood.
5. Stone Veneer
Does your home have an ugly concrete foundation? This is a common turnoff for home shoppers. They pull up to a beautiful home only to see a stained and cracked concrete foundation.
One way to fix this is by installing a manufactured stone veneer. This gorgeous material is affixed on top of the concrete and makes your home look new.
Exterior Renovations Are Worth the Investment
You can transform your home with a few simple exterior projects. Renovations like new siding or installing manufactured stone veneers go a long way to boosting property value.
If you enjoyed this article about the top five exterior renovations, check out our blog for more great content.