The Most Valuable Exterior Renovations
Investing in home renovations is a smart way to increase property and resale value. Exterior renovations are some of the most valuable home upgrades you can do, and many have high returns on that initial investment. Here are three of the most valuable Calgary exterior renovations.
These numbers were taken from Remodeling’s Cost vs. Value report for 2019.
Garage Door Replacement
Garage doors have the highest return on investment compared to any other home renovation, according to the report, including interior renovations. The garage door plays a huge role in your home’s aesthetics, efficiency and security, so it’s no wonder it’s an important resale tool. The report states that you can recoup 97.5% of your insulated, steel garage door replacement at resale.
Manufactured Stone Veneer
Second to garage doors, stone veneer installation ranks high for cost vs value. For exterior home renovations in Calgary, this durable and attractive cladding option can add almost 95% of it’s cost back to the value of your property. It is easier and cheaper to install than real natural stone, easier to clean and maintain, and will give your home a competitive edge on the market should you decide to sell.
Wood Deck Addition
Everyone loves having a functionable outdoor living space! In Alberta, we spend time on the deck barbequing, entertaining, socializing and relaxing. You love your deck and future buyers will love it too. That’s why deck additions have a good return on investment. The report shows that a $13,000 deck can put over $10,000 back into your property value. That’s 75.6% of the cost of the deck. If you can DIY your deck addition, expect to pay less for your deck and a much larger return.
The siding is largely responsible for how your home will look. It’s also responsible for protecting your home from the elements and improving thermal performance. If your old siding is damaged, not doing its job and diminishing curb appeal, a vinyl siding replacement will help. Plus, you can recover 75.6% of the cost of these Calgary exterior renovations at resale.