Exterior Updates Bring Greater Return Investments Than Interior Updates

Exterior Updates Bring Greater Return Investments Than Interior Updates

First impressions matter – and the latest research shows that’s especially true when buying a home. In fact, the way your home looks on the outside trumps almost any interior update, including ones that people thing are “the big ones” – such as kitchens and bathrooms. That doesn’t mean that there’s no point in updating interiors of homes, but unless they are seriously out of date, most return investment won’t be near what you spend. Even when you do “need” to update a kitchen, expect your return investment to only be about 70%. That doesn’t mean you shouldn’t do it – it could be that your house won’t sell without it, and you’ll make up that loss in other ways. But truly, the areas where you are nearly certain to get all of your investment back are updates that happen outdoors.

Exterior Updates That Bring Greater Return Investments

  • New Garage Doors
  • New Manufactured Stone Veneer
  • Steel Front Door

Brand new garage doors say “well kept” and “sleek” particularly if they match your home’s design and are a neutral shade. Expect to spend around $4000, but expect to get 100% ROI. That’s the best you can do.

New manufactured stone veneer is definitely a little pricier, depending on the size of your home, but let’s face it, nobody wants a house with tired or faded siding. Stone veneer gives instant charm and pizzazz – it’s not cheap, costing you about $8500, but again, your average ROI is about 95%. Definitely worth it, particularly if you want your house sold soon.

A new steel front door is probably affordable for almost everyone, averaging $1500, and it’s even more desirable if you paint it brick red. You’ll get about 92% of your ROI with this one, but it’s one that’s sure to catch your buyer’s eye and doable for most home-sellers.

There are countless other upgrades that may make an individual family swoon, but these are upgrades that have been shown to have massive appeal across the board.

Are You Thinking of Buying a Home in Dubois County?

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Newest Homes for Sale in Dubois County

View the newest homes listed in Dubois County in the last 10 days:

247 Wilderness Trail Birdseye, IN 936 Sq Ft (part RV) with 2 bedrooms and 2 bathrooms. Also included is a 2-car carport for toys or automobiles. On leased land where you can enjoy all amenities including the swimming pool. Located close to Patoka Lake, Wildridge Main gate is across from the Patoka Lake Winery. Asking $100,000 $79,000 Active

247 Wilderness Trail Birdseye, Indiana

2 Beds 2 Baths 936 SqFt 0.090 Acres

Listing courtesy of RANDY CHAPLIN from Brooks Galloway Real Estate.

$295,000 Pending

1805 Field View Court Ferdinand, Indiana

3 Beds 2 Baths 1,475 SqFt 0.312 Acres

Listing courtesy of KaraHinshaw from Key Associates Signature Realty.

This 1921 built home boasts 3 oversized bedrooms and 2 full baths.  Enjoy the modern comforts with new flooring and carpet throughout , while the updated  kitchen, complete with appliances beckons that family to join together in the large dining room. The convenience of the laundry room located on the main level offers a large space.  The pantry off the kitchen is also oversized. Home has a beautiful staircase. Freshly painted rooms makes this home move-in ready for the next owner. One car garage is a bonus.  Basement provides extra storage space. $179,900 Active

1441 Vine Street Jasper, Indiana

3 Beds 2 Baths 2,026 SqFt 0.159 Acres

Listing courtesy of Brenda Krempp from RE/MAX Local.