Numerous studies have shown that curb appeal can significantly boost your home’s value. What is curb appeal? Think of it as the first impression your home makes. We all know first impressions tend to stick. But in this unstable economy, we all need to be careful where we invest our money. In the case of curb appeal, spending a little will get you a lot. In other words, it has a positive return on your investment.
In real estate, Return on Investment (ROI) refers to the money you recover from home improvements, if and when you sell. So, prioritizing home improvements with a positive ROI is a smart way to spend. Your home is one of the largest investments you will make, so maintain and improve wisely.
Now for some numbers. Here are six ways to improve your curb appeal, along with the associated ROI:
- Gutters: Return on Investment: 30%. Clean gutters out regularly. Wash off the green Puget Sound grunge each spring.
- Roof: Return on Investment: 67%. Look for missing material and rafter lines showing; Air clean your roof annually.
- Windows: Return on Investment: 70%. Clean windows each spring. Make sure seals aren’t letting air escape. Check the trim around windows, paint if needed.
- Landscaping: Return on Investment: 83%. Reseed vacant spots in your grass, trim shrubs and trees, plant flowers in containers, and add lighting to show off your yard.
- Painting: Return on Investment: 112%. Scrape and repaint. Whether you stay with the same colors or go with a new scheme, try to stay neutral. Breathe new life to your home with a fresh coat of paint.
- Garage and Front Doors: Return on Investment: 70%. A new door will transform the look and feel to your home, and there are many options to choose from. Another alternative is to paint your existing door. Go online for some great ideas.
The takeaway? Curb appeal absolutely pays off. Remember, curb appeal isn’t about keeping up with the Jones’, curb appeal is about getting the most out of what you have.