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Posts Tagged Curb Appeal

How to Renovate Your Home without Exceeding Neighborhood Value

by Courtney Soinski

Before you decide to renovate your home, it’s important to understand that not all renovations will increase the value. It is certainly possible to over-remodel, and you don’t want it to exceed the value of your neighbors’ homes. Here are some ways to get the highest return on investment (ROI) possible when the time comes to sell your home.

Projects always worth your while

shutterstock_138891047There are specific renovation projects that can deliver the greatest effect on your ROI, regardless of the real estate market’s current state or the value of surrounding homes. According to real estate expert Robert Stammers in a recent article in Investopedia, these can be projects such as an addition of a wood deck, kitchen and bathroom upgrades as well as window replacements.

shutterstock_117312145Factor in location

A common mistake that homeowner tend to make is renovating their homes to the point where it exceeds the value of surrounding homes. The fact of the matter is that people look in a specific neighborhood because of its proximity to nearby businesses or recreation and it’s in their price range. If improvements done to your home are much higher than homes around you, it’s unlikely that they’ll want to pay more for those improvements, even if they’re interested.

Make improvements that will add value over time

Some home improvements, like upgrading the technological features of a home, will not have a lasting impact, and may even bring down the home value. These types of renovations are at a higher risk of becoming obsolete and outdated as years pass. Technology and styles change all the time, so focus on improvements that are less likely to be impacted by time and are worth your investment.

Renovations that will pay you back

shutterstock_118031236

Regardless of whether a homeowner is planning to sell or not, the ultimate objective of taking on a renovation is to revel in the enjoyment you get from living in an updated home while gaining considerable profit from that investment. There are many tools out there that show the kind of profit you can expect from specific home remodels. A perfect example of this is Remodeling magazine’s “Cost vs. Value” annual report.

Here are some of the findings from the 2015 Remodeling Cost Vs. Value report:

Projects that deliver the highest percentage of return on investment

  • Entry door replacement (steel): 101.8%
  • Garage door replacement: 88.4%
  • Siding replacement (fiber-cement): 84.3%
  • Siding replacement (vinyl): 80.7%
  • Deck addition (wood): 80.5%

Renovation projects that deliver the lowest percentage of return on investment 

  • Sunroom addition: 48.5%
  • Home office remodel: 48.7%
  • Master suite addition: 53.7%
  • Garage addition: 54.7%
  • Bathroom addition: 57.8%

 

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7 Ways to Wow Buyers with Outdoor Staging

As one of the busier times of year for real estate activity, summertime is ideal for sellers hoping to unload their homes for top dollar. If you’re listing a home on the market this summer, stand out from the pack with these outdoor staging tips.

1. Invite Buyers In

welcomeIt’s no secret curb appeal matters to buyers, but too often, minor details are overlooked when setting the stage out front. To roll out the welcome for buyers, replace your worn welcome mat with a summery alternative, and install large house numbers in a prominent location that can be viewed from the street.

 

bobvila.com

bobvila.com

2. Shine Up Windows

Cleaning windows inside and out can be taxing, but it makes a noticeable difference. For the exterior sides of the windows, scrub off any accumulated film from tree pollen and polish until glistening. Buyers will be pleased to see not only a sparkling home outside, but a light-filled interior as well.

 

fabuloushomeblog.com

fabuloushomeblog.com

3. Showcase Small-Scale Color

In lieu of a costly exterior paint job, choose specific areas outside to add pops of color. Window boxes bursting with blooms are often well-received by buyers, as well as container plantings. If the exterior could use refreshing, consider re-painting the front door before recruiting a professional to do the entire home.

 

 

plowhearth.com

plowhearth.com

4. Spotlight for Safety

Make sure the outdoor spaces around your home, including the front entrance, deck, patio, and walkways, are appropriately lit. Updated light fixtures are not only aesthetically pleasing, but are an added safety feature to the home.

 

5. Maintain the Landscape
hgtvgardens.com

hgtvgardens.com

A well-kept home speaks volumes to buyers, and the exterior is no exception. Whether you hire a professional landscaper or DIY, trim the lawn and any hedges – the latter can be a trip hazard if left untouched.

 

 

6. Deck Out the Deck
deck

hgtv.com

Whether your home features a deck, patio, porch or other outdoor living area, take time to power wash the surface to remove any debris. If your outdoor furniture is lacking, consider purchasing a fresh set, complete with all-weather cushions and pillows in vibrant colors.

 

7. Make the Pool Picture-Perfect
home.howstuffworks.com

home.howstuffworks.com

Pools can be a make-or-break feature for buyers, so play it up as best you can. After having the pool cleaned by a professional, take care to skim the surface for any debris that accumulates between buyer visits. Be sure the pool cover, mechanized or otherwise, is free of damage and the filtering system is in proper working order.

Source: RISMedia’s Housecall

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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7 Patio Hacks to Try This Summer

When you’re not soaking up the sun on the beach or enjoying a game at the ball park, your backyard is likely playing host to summertime activities. To crank up the good times at home and enhance curb appeal, add these unconventional upgrades to your patio for endless fun all summer long.

HGTV

1. Chandelier and Sconces

Today’s outdoor lighting designs have evolved beyond tiki torches and paper lanterns. String up tiny twinklers, repurpose a chandelier, or install sconces to add some sparkle to your summer.

 

behappybeme.com

behappybeme.com

2. Suspended Sofa

Outdoor spaces have become an extension of the interior of the home, and your patio should be no exception. Suspend a sofa for lounging, create a coffee nook for weekend mornings, or a cozy bench to tackle your summer reading list.

squidoo.com

squidoo.com

3. Pizza Oven

It’s no secret outdoor kitchens are in high demand. Add your very own by installing a pizza oven in your backyard. For the non-handy homeowner, pre-manufactured pizza ovens are available, but do-it-yourselfers can construct one in a weekend.

bar

4. Foldable Bar

A bar is a must if you regularly host guests. If your patio doesn’t permit a full bar set, you can use a DIY foldable bar. The best part? It can be stored at a moment’s notice – not that you’d want to!

5. Movie Screen
easyliving.co.uk

easyliving.co.uk

 

An outdoor movie at home is a fun way to spend warm summer nights without breaking the bank. String clothesline between deck posts or trees and use a white sheet and a projector to create your very own theater.

houseofhepworths.com

houseofhepworths.com

 

6. Dance Floor

If your patio is spacious, boost the entertainment factor with a portable dance floor. If your patio is natural wood, reserve a corner for when Saturday Night Fever rolls around.

containergarden

7. Container Garden

Your patio is the perfect place for a container garden. Inject life onto a stone slab by growing your own vegetables or summer blooms.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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