Do These Exterior Renovations Actually Help Sell a House?
While not all exterior renovations offer the same return on investment, these eight projects are more likely to help a home sell faster.
8 Exterior Renovations That Help a Home Sell, Ranked
Improving curb appeal can make a home more attractive to buyers once it hits the market. But while Americans spend $400 billion annually on remodeling projects, not all exterior renovations offer the same return on investment. The 2019 Remodeling Impact Report from the National Association of the Remodeling Industry (NARI) and the National Association of Realtors analyzed the eight most common exterior renovation projects and offered insights into the ones most likely to help a home sell faster. If you like this, you'll love 13 smart ways to sell your home as fast as possible.
A new roof carries a hefty up-front price tag but the 2019 Remodeling Impact Report reveals that roofing is the number one exterior renovation to consider when homeowners are contemplating a move. In fact, 39 percent of Realtors suggest this exterior renovation project before homeowners attempt to sell and a whopping 33 percent said it helped the home sale close faster. Our pros show you how to roof a house right—and save thousands!
Homeowners should consider the return on investment when prioritizing exterior renovation projects. Does replacing existing windows with vinyl add value and curb appeal? Yes, replacing old wood or aluminum windows with vinyl ones does boost a home's value and sometimes helps it sell. The report shows that 12 percent of Realtors suggest it and 4 percent reported that it helped lead to a sale. Here's how to install vinyl replacement windows.
Although replacing a garage door offers the best return-on-investment (ROI) when it comes to recouping cost at resale, does it help a home sell? According to the report, 16 percent of Realtors say it's an exterior renovation worth tackling, and 2 percent said the project helped close a sale. Before you make that jump, check out the 10 things to know before buying a garage door.
Steel Front Door
Replacing the front door with a steel one is a great exterior renovation for both investment and first impressions. The report shows that 4 percent of Realtors think homeowners should take this project on and 1 percent revealed it helped a home sell faster, in their experience. Take a look at the 10 modern front doors we are loving right now.
While vinyl siding has a host of advantages, including an updated appearance, durability, low maintenance and energy efficiency, it may not help a home actually sell. Only 4 percent of the Realtors surveyed would suggest it as an exterior renovation to prioritize and 1 percent said it resulted in a sale. If it still interests you, get the details right when you install vinyl siding and you’ll save yourself hours of frustration later on.
Replacing existing windows with wood ones may make a difference in the value of a home, but unfortunately, the report shows this exterior renovation doesn't do much in the eyes of buyers. Only 2 percent of Realtors even suggest it as an exterior project and only 1 percent said it helped a home close. Alternatively, restore old windows with new stain and varnish.
Fiberglass Front Door
Is replacing a front door with a new fiberglass door an exterior renovation that helps a home sell? According to the report, not so much. Only 4 percent of Realtors encourage homeowners to take on this project and none of them reported a sale as a result. If you still want an update, here are 15 stunning front doors to inspire you.
Installing fiber-cement siding has proven to be a great project for adding value to a home, but according to the report, this exterior renovation project does not help a home sell. The report reveals that only 2 percent of Realtors encourage homeowners to take on this renovation project and none of them reported a home sale as a result. Find out why insulated siding is an easy sell.