Your home is the biggest investment you will ever have. If you are selling you should consider putting some capital in your investment to realize a maximum return. A small investment on upgrades and updates can do wonders for your ROI.
Most sellers solely focus on the interior of their property. Sure, kitchens and bathrooms are important, but they are far from the only factor for today’s homebuyer. Buyers want updates that they typically wouldn’t consider on their own. Items such as the furnace, roof, garage door and driveway all fall into this category. Instead of dumping money on updating the kitchen you should give strong consideration to improving the curb appeal. Here are four exterior items you should think about updating prior to listing your home.
Doors.When is the last time you thought about your front door? If you are like most homeowners you simply accept the front door, maybe painting it every five years or so, but don’t give it a second thought. The reality is that the front door is often the first thing potential buyers notice. An old door with a funky design and outdated colors is a definite eyesore. On the flip side a brand-new door that brings the siding, roof and windows together adds instant appeal. Instead of feeling outdated, your home will feel new, fresh and modern. The same thinking should apply to your garage door. A new roof or siding won’t help avoid an aging garage door. At a minimum, you should throw a new coat of paint on an old door, but even better you should replace it. Both the garage and front doors aren’t sexy, but they greatly impact the curb appeal of your home.
Roof.If the front door is the first item that buyers notice, the roof is a close second. Like almost every item on this list, you rarely think about your roof unless you have a problem. However, it is also something that buyers know needs to be updated. They don’t want to replace the roof five or ten years after buying the home. They often would pay more for a home with a new roof because they are financing the purchase and don’t need the expense out of pocket. Either way if your roof is older you can expect buyers to use this against you.
Tree Removal.Getting a tree removed from your yard is very much like tooth removal. You probably know you need to have it done, but you don’t necessary want to. It is only when you can’t take it any longer do you finally decide to act. Depending on the size and scope of the tree, removal can be a pricey proposition. However, if the tree is dominating the front yard to the point where you can’t get a good look of the property, you need to have it done.
Cleanup.It can be an eye-opening experience taking a picture of your home. In your minds eye you may think things look ok, without any problems. It is only when you see something visually that it can have an impact. If you plan on listing your property, it must be perfect. This means removing the old shrubs on the side of the home, power washing the siding, finding a storage bin for miscellaneous items and painting the deck. The property must be clean and immaculate looking in every area. If you are cluttered and dirty buyers will get a bad first impression that can stay with them throughout the process.
There is no question that some exterior updates can be pricey and cause hesitation. However, if you view your property as an investment it is often the best financial move you can make.