- An appealing exterior increases the home’s curb appeal, attracting more buyers and boosting its value.
- Regular maintenance, including gutter repairs and power-washing, prevents home value from decreasing due to damages.
- Replacing old windows with energy-efficient ones saves energy and enhances home value.
- Essential features like functional garages and durable siding significantly contribute to a home’s value.
- Exterior renovations such as landscaping, painting, adding decks or patios, and installing energy-efficient features increase home value.
The exterior of your home is the first thing prospective buyers will see when looking for a home. Therefore, ensuring that your home’s exterior is in tip-top shape is essential. By doing this, you can improve your house’s curb appeal, attract more buyers, and increase the value of your home. Here’s what you need to know about your home’s exterior, ways it can affect your home value, and excellent exterior home renovations to increase home value.
The Exterior of Your Home And Home Value
Your home’s exterior is the first impression that anyone will see in your home. It sets the tone for what they can expect to find inside and can significantly impact their decision even to consider your home as a potential purchase. A well-maintained exterior can instantly catch the eye and make a positive first impression, while a neglected exterior can turn off buyers before they even step inside. Here are some reasons your home’s exterior is decreasing its home value:
1. Curb Appeal
The first impression always counts, and it’s no different in real estate. Beautiful curb appeal can drastically increase your home’s value. A well-kept, attractive exterior will immediately draw attention to your home and make it more appealing to buyers. In contrast, a home with a dirty, unkempt exterior can be a turn-off. Therefore, investing in landscaping, repainting, and repairing any damages can improve your home’s curb appeal.
2. Maintenance
Maintenance is a crucial factor when it comes to home value. Never-maintained houses may have mold, mildew, or other damages that will decrease their value. A poorly maintained home makes buyers question whether the house’s interior is in the same state. House improvements that can improve your home value include repairing gutters, roof replacements, and power-washing the exterior of your home.
3. Windows
Windows let in natural light and improve the appearance of a home’s exterior. Old windows, however, can decrease the value of your home. Plus, drafty windows can allow cold air into your home, increasing energy bills. Replacing old windows with energy-efficient ones will save you money on energy bills and increase the value of your home.
4. Home Siding
The type of siding used in your home can affect its value. While aesthetically appealing, steel siding requires regular upkeep and can be damaged by pests and the weather. This is why it’s important to get a steel siding repair service to avoid any potential damage to your home. They can ensure that your siding can be resilient against the weather and repair any damage that may have occurred.
5. Garage
A garage is considered an essential feature of a home by many buyers. A functional garage is essential for housing your car and storage space. Homebuyers are particularly interested in garages. Therefore, having a functional garage, either attached or detached, could easily add value to your home.
Exterior Renovation Options For Increased Home Value
Some great exterior renovations can increase your home’s value and make it more attractive to potential buyers. Here are a few options to consider:
1. Landscaping
As mentioned earlier, landscaping is essential for improving curb appeal. It also has a high ROI if you invest in the right features. Investing in some basic landscaping, such as planting flowers, trimming trees and shrubs, and keeping the lawn tidy, can significantly improve the appearance of your home’s exterior.
2. Exterior Painting
A fresh coat of paint can do wonders for the appearance of your home’s exterior. Choose a color that complements the style and architecture of your home, and be sure to use high-quality paint for long-lasting results.
3. Adding a Deck or Patio
Many buyers highly desire outdoor living spaces, and adding a deck or patio can greatly increase the value of your home. It provides additional space for entertaining and outdoor activities, making it an attractive feature for potential buyers.
4. Updating Entry Doors
The entry door is another important aspect of your home’s exterior that can greatly impact its value. Consider updating your front door with a more modern and secure option to improve your home’s overall appearance and functionality.
5. Installing Energy-Efficient Features
As mentioned earlier, energy-efficient features such as windows can greatly increase the value of your home. You can also consider installing solar panels or a smart thermostat to make your home more environmentally friendly and appealing to potential buyers.
With these tips in mind, you can effectively increase the value of your home’s exterior and make a lasting impression on potential buyers. By investing in regular maintenance making necessary repairs and renovations, you can ensure that your home’s exterior adds to its overall value and makes it stand out in the competitive real estate market. So, take some time to evaluate the current state of your home’s exterior and make any necessary changes to maximize its value.
