- Home prices have reached $430,000 due to housing shortages, increasing wages, and rising demand for housing.
- First impressions matter, and upgrading the exterior of your home can improve its overall value.
- Investing in the exterior of your home impacts the entire neighborhood’s aesthetic.
- Upgrading fencing, installing outdoor lighting, and replacing siding are three great ways to increase a home’s value.
- Improvements to a home’s exterior will pay off by making it more attractive to potential buyers or guests.
As homeowners, you often overlook the importance of your home’s exterior. It is easy to get caught up in interior design and forget about the value of curb appeal. However, overlooking the exterior of your home can be a significant mistake. Not only does a beautiful exterior enhance your home’s overall look, but it also adds value to your property. Here’s a look into the average value of homes today, how the exterior of your home is crucial to its value, and different exterior home upgrades you can make today.
Average Prices of Homes Today
Home prices have reached more than $430,000 today. There are various reasons why homes have reached this price. The housing shortage, increasing wages, and rising demand for housing are just some factors that have contributed to this increase. Lastly, when you invest in your home’s exterior, it can have an impact on its value. Here are some reasons why:
First Impressions Matter
As the saying goes, “You never get a second chance to make a first impression.” This statement is also true for your home. The exterior of your home is the first thing people see when they arrive, significantly impacting their overall perception of your property. If your home looks uninviting from the outside, potential buyers or guests may be turned off before entering.
The exterior of your home also has an impact on your entire community. A well-maintained exterior contributes to the overall aesthetic of your neighborhood by blending well with other homes. In contrast, a poorly maintained home can bring down the value of the houses surrounding it.
Adds Financial Value to Your Home
The exterior of your home has a direct impact on its financial value. Updated siding, a new roof, and energy-efficient windows can all increase your home’s value. Landscaping and minor exterior updates also improve your home’s value. A beautiful exterior gives a property appraiser a better evaluation when pricing a home.
Helps Your Home Stand Out in the Market
The exterior is crucial in attracting potential buyers if you plan to sell your home. A well-maintained exterior makes your property stand out among other comparable homes in the market. When buyers see a well-maintained home, they envision themselves living inside.
Boosts Energy Efficiency
Exterior updates add value to your home and make it more energy-efficient. Old windows, doors, and roofing could cost you more money on your utility bills by letting air escape and enter your home. With energy-efficient exterior updates, you can lower your utility bills, boost your home’s value and protect the environment.
Best Home Exterior Upgrades to Increase its Value
Upgrading and renovating your home’s exterior can tremendously impact its value. Here are some of the best home exterior upgrades to make:
Upgrade Your Fence
Installing a fence is one of the best upgrades to your home’s exterior. A high-quality fence adds value to your property and provides privacy and security for your family. Additionally, consider installing a high-quality gate for your home. A robust Trex gate can increase the curb appeal of your home. Furthermore, it can increase its overall security by controlling access to your home.
Install Exterior Lighting
Adding outdoor lighting can improve the look of your home’s exterior and increase its security. You can install lights around your walkways, decks, and landscaping areas for a beautiful nighttime effect. Solar-powered LED lights are energy-efficient options that won’t drive up your utility bills while providing adequate lighting to your property.
Add New Siding
Installing new siding is one of the best ways to improve the exterior of your home dramatically. It adds substantial value to a property because it looks great and provides an extra insulation layer to keep out moisture and air leaks. Replacing old siding with modern materials will make any house look more attractive and valuable.
There are many ways to upgrade the exterior of your home and increase its value. Investing in the exterior of your home can have a huge impact on its overall look, financial value, and security. Doing so will pay off in the long run by increasing your property’s appeal to potential buyers and guests.