The Outdoor Renovation Projects with the Highest Return on Investment

The Outdoor Renovation Projects with the Highest Return on Investment Renovations aren't a one-dimensional investment. On one hand, you're preparing for a feature you want in your home; on the other, when you plan a home renovation strategically, it becomes a development that can return and even increase the value of your house. Here are a few things to consider when planning a renovation so that you get the best ROI. What's the Average ROI of Outdoor Renovation Projects? Adding Outdoor Lighting Replacing Siding 80% 50% Exterior Door Replacements 101% Replacing Garage Doors 88% Paving a Gravel Driveway 50-75% Decks and Patios The average ROI of a 73% professional deck construction. This rate tends to be higher for higher-quality wooden decks, and lower for composite materials. Patio additions have 30-60% slightly lower ROI The ROI of Screening in Your Porch 75% 50% 25% 0% Spending $35k to screen in your porch Spending $50k to screen in your porch Landscaping Landscaping can add as much as 28% to the value of a home, and cut the time a home spends on the market by 10-15% Planting windbreaks and shade trees can cut heating needs by as much as 15%, and air conditioning needs by as much as 75% Go native! Maintaining an acre of native plants costs $3,000 over the course of 20 years. Compare that to the cost of maintaining non-native turf grass: $20,000! Backyard Additions Adding an outdoor kitchen sees an average ROI of Kitchens 100-200%, but this varies greatly depending on climate (with higher ROI in warmer areas). Using more durable materials also Outdoor improves ROI. Fire Pits Pools & Water Portable fire pits have an average ROI of 150%. Built in fire pits tend to have a higher cost and lower ROI. Features Considered by many buyers real e agents to be a maintenance chore. In the best case scenario - a well maintained and relatively new pool in a warm climate - a pool will add an average of 7% to the value of a home. Five Low Cost Tips for Staging Your Home's Exterior Each project has an average ROI of up to 200% $300 - $50 - 1,000 100 If your lawn needs some love, consider re-sodding. Make your backyard inviting by pressure washing your deck and cleaning your furniture. $20 - $50 - 200 200 Add a pot of flowers (or winter greenery in colder months) near your home's entrance. Ensure that any damage to the driveway is repaired with a new top coat of sealant. $200 If you are setting up a new garden, or your current garden is sparse, adding more mature plants can give it a fuller, more complete look. Sources: www.realtytimes.com/consumeradvice/homeownersadvicel/item/26880-20131215-smart- home-renovations-that-pay-you-back www.styleathome.com/homes/exteriors/how-to-stage-your-home-s-exterior/a/28595 www.thisoldhouse.com/toh/article/0,,408045,00.html williams Ski & Patio Average Return