You’ve probably heard that outdoor remodeling projects can improve the resale value of your home, but do you know which outdoor remodeling projects are the most highly recommended by Realtors? A recent report by the National Association of Realtors ranked the most valuable outdoor remodeling features in terms of cost and return on investment.
Here’s a look at their top picks in order of their appeal to buyers:
- Basic Lawn Care — 303 percent ROI with an estimated cost of $330 for six applications of fertilizer and weed control
- Overall Landscape Upgrade — 105 percent ROI with an estimated cost of $4,750 for a 30-foot flagstone walkway, two 6-foot stone planters, five flowering shrubs, one deciduous 15-foot tree and mulch
- New Patio — 102 percent ROI for an estimated cost of $6,400
- New Wood Deck — 106 percent ROI for an estimated cost of $9,450
- Softscape Upgrade — 100 percent ROI for an estimated cost of $7,000 for five trees, 25 shrubs, 60 perennials, edging and boulders
- Sod Lawn — 143 percent ROI for an estimated cost of $700 for 1,000 feet
- Seed Lawn — 417 percent ROI for an estimated cost of $120 for 1,000 feet
- Fire Pit — 78 percent ROI for an estimated cost of $4,500 for dry stacked natural stone kits and a gas burner with 10-foot-diameter flagstone patio
- Fireplace — 60 percent ROI for an estimated cost of $13,300 for veneered masonry stone, gas starter, chimney and wood mantel
- New Pool — 50 percent ROI for an estimated cost of $50,000
HouseLogic, a homeownership site, surveyed consumers about their last outdoor remodeling project and calculated a “joy score” from 1 to 10 based on their satisfaction with the completed work. While a pool came in last in terms of its buyer appeal and ROI, it received the highest joy score, a perfect 10.
Other top joy-scoring projects included an overall landscape upgrade (9.8), a new wood deck (9.7), a new patio (9.6) and a softscape upgrade (9.6).
Interesting in learning what your home is worth, either before or after you tackle these outdoor home remodeling projects? Contact our friends at MN Realty Guide for a free home assessment!