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It Pays to Make These 5 Curb Appeal Updates
The article is part of Bob Vila’s Most Valuable Projects of 2022 series, focusing on high-return-on-investment (ROI) home improvements. This installment specifically addresses exterior updates that enhance curb appeal and property value. First impressions are crucial for potential buyers, and a well-maintained facade significantly boosts both the aesthetic appeal and the market value of a home. The upgrades discussed, including new windows, roofing, doors, and siding, offer substantial ROIs, with some projects returning over 90 percent of their cost at resale, according to the Remodeling 2022 Cost vs. Value Report. Homeowners can prioritize these projects whether they intend to sell immediately or simply wish to refresh their home's look while ensuring future financial benefits.
One significant exterior upgrade is replacing the garage door, which, despite appearing expensive, offers an estimated 93 percent ROI. New steel garage doors improve a home's appearance, energy efficiency, and security, making them a noticeable feature for prospective buyers. The article provides resources for selecting the best garage door type, understanding replacement costs, choosing openers, and performing maintenance. Another key improvement is the front door. Older entry doors are often less energy-efficient, leading to increased utility bills due to air leakage. Upgrading to a new steel door can provide financial benefits even before a home is listed for sale. Replacing the front door is highlighted as the most budget-friendly project in the Cost vs. Value report, yielding approximately a 64 percent ROI. The piece guides readers on choosing new front doors, paint colors, installation costs, and storm door options.
Outdated windows negatively impact energy efficiency and can pose safety risks if they malfunction. Window replacement addresses these issues, enhancing comfort and security, which are major selling points for buyers. New insulated windows reduce heating and cooling costs, improve soundproofing, and increase visual appeal, recouping nearly 70 percent of the project cost at resale. The article offers guidance on window types, brands, replacement costs, and comparisons between vinyl, aluminum, and fiberglass options. Siding, beyond its aesthetic contribution, protects a home from environmental elements like wind, hail, and UV rays. Fiber cement and vinyl siding are noted for their durability and potential to recoup almost 70 percent of their initial cost. These materials are available in various styles and can be repainted for future aesthetic changes. Additionally, installing stone veneer on the lower third of a home’s front facade can achieve a striking visual effect and an impressive 91 percent ROI. The article details siding types, brands, costs, and comparisons, along with information on stone veneer installation and painting.
Finally, replacing the roof is another crucial update. The prospect of an immediate roof replacement can deter potential buyers, making a new roof a valuable pre-listing investment. While the ROI for roofing projects is slightly lower than some other exterior updates, it remains substantial. Asphalt-shingle roofs offer an estimated 60 percent ROI, while metal roofs provide approximately 55 percent. The article helps homeowners determine the best time for roof replacement, explore different roofing types, understand their lifespan, and assess replacement costs, including a comparison of metal roofs versus shingles. It also provides resources for finding reputable roofing companies and considering solar panel costs. This comprehensive overview aims to equip homeowners with the knowledge to make informed decisions about exterior improvements that maximize curb appeal and financial returns.
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