According to a recent survey, two out of every three homeowners are planning on renovating their homes at some point. Most people who own their own homes know the importance of interior renovations and how much value they can add to a home. On the other hand, few homeowners seem to understand how important and valuable exterior renovations are. In fact, many exterior renovations actually have a better return on investment than interior renovations. There are a number of exterior restoration projects you can do. Here are some of the ones that will provide you with the most bang for your buck.
Homeowners might shy away from having new windows installed because of the cost, which can run anywhere from $300-$700 per window. But home window replacement Chicago IL can be one of the best investments to make. Not only will new windows greatly increase the value of your home, but they also can help save you money. The general consensus is that home window replacement Chicago IL can save you up to 15% on your heating and cooling bills. The savings could be even more if your windows are particularly old and drafty. When windows are properly maintained, they can last up to 20 years, so between the increased value of your home and the energy savings, you can easily recoup the money you spend on your new windows.
Another good exterior home improvement is adding or repairing siding. Adding siding to your home if you don’t have it can greatly improve the value of your home. And if you already have siding, repairing or replacing it when it gets old, will boost your value and curb appeal. Keep in mind the options for siding replacement. Vinyl siding looks just as good and is considerably cheaper than both cedar plank and aluminum siding.
There are many other exterior improvements you can make to your home both big and small. Repainting your home can boost its value, but so can smaller projects such as replacing an entry door or your garage door. Even doing improvements to your landscaping can improve your home value. The key is to focus on improvement projects that are necessary with an eye toward doing things that will add the most value for the least money spent.
