A recent report from Remodeling Magazine lists the top exterior home renovation projects that not only enhance a home’s curb appeal, but are likely to recoup your investment when you go to put your home on the market. We’ve summarized the final two of the top four renovations.
#2. Replacing Your Garage Door
Average cost: $3,695
Resale value: $3,491
Expected recoup percentage: 94.5%
When you think of ways to beautify the exterior of your home replacing your garage door may not immediately come to mind. Nevertheless, the garage can take up a significant portion of real estate in the front of your residence and the door presents a great opportunity to make a statement.
You may choose to upgrade your door to something that’s more modern and better complements your home. You can save money on the door replacement by reusing your existing opener. Garage doors that are worn from regular wear and tear, or are damaged, are ideal opportunities to enhance the look of your home.
#1. Installing Manufactured Stone Veneer
Average cost: $9,357
Resale value: $8,943
Expected recoup percentage: 95.6%
You may not know what a stone veneer is, but it’s very, very likely you’ve seen one before—perhaps many times. A manufactured stone veneer, or faux stone as it’s often called, is a manmade material that’s created to look like real stone. It’s typically used to adorn portions of the facade of a home as an accent. The veneer is made of a combination of cement and aggregates, and pigment is added to give homeowners a variety of color options.
A stone veneer can give your home’s exterior an instant makeover. You may consider replacing a horizontal portion of your vinyl siding along the front of your home with a band of stone veneer that covers the bottom portion of the structure. For a coordinated accent think about framing your entryway with the veneer as well.
