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Outdoor improvements
that boost home value

Whether home improvement projects are
design to improve the interior or exterior
of a house, focusing on renovations that
make the most financial sense can benefit
homeowners in the long run. The right
renovations can be assets if and when
homeowners decide to sell their homes. So
how does one get started? First and foremost, speak to a local real estate agent who
is knowledgeable about trends in the community. While a swimming pool may be
something coveted in one area, it may impede sales in another. It also helps to study
generalized trends and data from various
home improvement industry analysts to
guide upcoming projects.

The following outdoor projects
are just a few renovations that
tend to add value.
• Fire pit: A fire pit is a great place to
gather most months of the year. Bob Vila
and CBS news report that a fire pit realizes a 78 percent return on investment, or
ROI.
• Outdoor kitchen: Many buyers are looking to utilize their yards as an extension
of interior living areas. Cooking, dining
and even watching TV outdoors is increasingly popular. Outdoor living areas can be
custom designed and built. In addition,
prefabricated modular units that require
a much smaller commitment of time and
money are available.
• Patio: Homeowners who do not already have a patio will find that adding

one can increase a home’s value. Patios
help a home look neat, add useable space
and may help a home to sell quickly. The
experts at Space Wise, a division of Extra
Space Storage, say that refinishing, repairing and building a new patio offers strong
ROI.
• Deck: Deck can be as valuable as patios.
A deck is another outdoor space that can
be used for entertaining, dining and more.
Remodeling magazine’s 2018 “Cost vs.
Value” report indicates that an $11,000
deck can add about $9,000 in resale value
to the home, recouping around 82 percent
of the project’s costs.
• Door update: Improve curb appeal with

a new, high-end front door and garage
doors. If that’s too expensive, a good
cleaning and new coat of paint can make
an old door look brand new. These easy
fixes can improve a home’s look instantly.
• New landscaping: The National Association of Realtors says an outdoor makeover
that includes well-thought out landscaping can net 105 percent ROI. Installing a
walkway, adding stone planters, mulching,
and planting shrubs are ideas to consider.
Many different outdoor projects can add
value to a home.

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