5 Easy Exterior Makeovers To Enhance The Value Of Your Property
by Brian Burke
on Thursday, May 30th, 2019 at 6:50pm.
The real estate market in Denver is cooling down with housing inventory in November 2018 higher than in November 2017. If you’re planning to buy real estate this year, now might be a good time to snag your dream house in Denver. For sellers, getting a good start is important to improve the saleability of your property. Investing in exterior upgrades and improving your curb appeal can boost your chances of selling your home quickly. It can also add 3-5% of your home value according to Consumer Reports.
Landscaping Has High Returns
One of the easy ways to improve your home’s curb appeal is to take care of your garden. Mow the lawn, prune shrubs, plant some annuals and perennials, fix the footpaths, and clean up your yard to project a neat outdoor space. According to the 2018 National Association of Realtors (NAR) survey, the cost recovery of garden maintenance and upgrades is 100%.
Add Smart Retrofits: Awnings, Solar Shades, and Shutters
Marygrove.com recommends awnings to protect the house’s interior from intense heat resulting to savings in cooling costs. Awnings can also enhance the appearance of a home. In addition, you increase living spaces with the help of a canopy allowing you to use outdoor areas, rain or shine. Installing shutters and solar shades block the heat from entering the house when it is too hot outside reducing cooling expenses. They also help regulate light from coming into your home and provide privacy.
Replace Front Door and Garage Door
A reinforced steel door will deter burglars from breaking in offering added protection and security for homeowners. Nowadays, there are many styles and designs of steel doors that provide security and are attractive at the same time. They are also energy-efficient and easy to maintain.
If your garage door looks run down, consider replacing it with a new one. It will increase the curb appeal of your home considering that it takes up a big chunk of your front. The 2018 Cost vs Value Report indicates that an investment of $3,470 for a garage door replacement gives a return on investment of 98.3%.
Touch Up the Exterior Paint
Painting the entire exterior of your home will cost you a significant amount of money especially if you are outsourcing it. Touching up your house’s trims may be all that’s needed to give your property a fresh look. A fresh coat of paint also gives the impression that the house is well-maintained and protected from the elements. In contrast, potential buyers will already be turned off by the sight of chipping paint when they visit a house.
Repair Gutters, Check Walls, and Improve the Siding
It is also recommended to inspect the walls of the house to see if there are any structural damages. Gutters and downspouts must be in good condition or replaced if they are broken. To increase the charm of your home, replace vinyl cladding with an attractive material like stone or brick veneer. Research shows that improving the siding of a home can bring as much as 97% return on an investment of $8,200 according to Remodeling Cost.
Painting, cleaning, fixing the gutter system, filling up chipped walls, landscaping, and installing retrofits are just some of easy makeover jobs that you can do to improve the curb appeal of your home. By doing these minor renovations, the chances of selling your home at a good price increase significantly.
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Brian Burke | Broker | ePRO | Expert | 303.955.4220 Office | 303.710.2609 Direct | Brian@kennarealestate.com