Exterior Updates Bring Greater Return Investments Than Interior Updates

Published On: July 13, 2019|Categories: Blog, Buyers, Home Buyers, Home Sellers, Real Estate, Real Estate Market Update, Sellers, Tips, Life Hacks & How-to|Tags: exterior updates, Exterior Updates Bring Greater Return Investments Than Interior Updates, first impressions house, home appeal, home appraisal, return on investment, sellers, Selling, selling a home, stone veneer|

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 That doesn’t mean that there’s no point in updating interiors of homes, but unless they are seriously out of date, most return investment won’t be near what you spend.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.

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