Here are the top six exterior home improvements to spruce up your home and your backyard:
1. Outdoor Kitchen
credits HouseBeautiful.com
If you happen to live in a house with a nice backyard that gets plenty of sunshine, and you are the type of person who loves to entertain your guests and family outdoors, then investing in an outdoor kitchen can be a great way to make your home not only more valuable, but also more enjoyable. 😉
Cost-wise, an outdoor kitchen can cost anywhere from $5,000 to $25,000 for a fairly basic set-up, and between $50,000 and $100,000 for a more luxurious outdoor kitchen. On a per square foot basis, costs tend to run anywhere from $25 to $70 per sq. ft. depending on the choice of materials, the complexity of your design, and home’s geographic location.
ROI: If the upgrade you chose is appropriate for your area, and won’t price your home out of the market, then you can expect an ROI of up to 100% or more depending on the extent of work you had done and how suitable it’s for your particular house. To get the most bang for your buck, consider selling the home with an outdoor kitchen in the summer!
2. Deck
credits AbacusBuilders.com
A deck can make a major difference in terms of curb appeal and enjoyment value for your home.
Cost-wise: a typical deck will range in price from $5,000 to $15,000 depending on the complexity of the design and the type of materials used. For DIY enthusiasts, a basic deck can be built for around $2,500. Average cost per square foot: $50 – $150, depending on the materials used, complexity of your design, and your home’s location.
ROI: Aside from a 100%+ return on enjoyment value and popularity with your friends and family, you can expect a return on investment of 80% to 100%, if you choose the right materials and appropriate design.
3. Pergola
Oh would it not be great to extend your home outdoors? That’s right, outdoors, where you can enjoy a bit of sun and fresh air, while also having a sense of shelter? That’s what a Pergola is! — An outdoor structure designed to shelter you from the sun.
There is not a better way to make your enjoyment of the backyard more stylish and fun. A pergola can be combined with a deck, or placed tastefully on your patio, with patio furniture right under the pergola. Pergolas can also be placed around outdoor kitchens.
Cost-wise: You can have a pergola professionally built for $3,000 to $5,000, depending on the complexity of your design. For DIY enthusiasts, a classy pergola can be built for around $1,000.
ROI: Like many other smaller outdoor home improvements, a pergola can have an ROI exceeding 100%, not too mention the enjoyment factor that a homeowner will derive from having a pergola in their property. 😉
The bottom line is that if your pergola is tastefully integrated with the rest of the features on your property, then you can easily recoup the cost of your investment. 😉