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Exterior Upgrades 101: Cost, Value, and Return on Investment
Season 36 Episode 1920
Today, we explore the critical relationship between cost and value in exterior renovations, helping you understand what you can expect in terms of return on investment. We'll dive into specific projects, such as entry door replacements, garage door renovations, and composite decking, detailing their costs and potential resale values. Discover how these projects can enhance your home's curb appeal and overall worth, with some renovations yielding impressive returns of over 200%. Along the way, we'll compare regional differences in pricing and value, highlighting how location can significantly impact your decisions. Whether you're planning a major remodel or a simple upgrade, this discussion will equip you with the insights needed to make informed choices for your home.
With a keen focus on maximizing home value through strategic renovations, Eric G. presents an insightful exploration of exterior improvements in the latest episode of the Around the House Show. The conversation begins with an in-depth look at entry door replacements, where Eric provides a breakdown of costs associated with both steel and fiberglass doors. Highlighting the significant return on investment, particularly in markets like New York, where a steel door replacement can yield over a 157% return, he emphasizes how crucial these upgrades are for enhancing curb appeal and attracting potential buyers. Eric passionately advocates for the idea that a home’s first impression is vital and discusses how a well-chosen front door can set the tone for the entire property.
As the episode progresses, Eric shifts gears to focus on deck renovations, specifically comparing composite and wood materials. He meticulously outlines the process and costs involved in building a 16 by 20 foot deck, weighing the benefits and drawbacks of each option. While wood may seem like a less expensive choice upfront, Eric warns listeners about the ongoing maintenance required and discusses how composite materials, although slightly pricier, can save homeowners time and money in the long run. The episode also sheds light on regional differences in return on investment, encouraging listeners to consider their local market conditions when planning renovations.
The discussion seamlessly transitions into roofing and siding, where Eric elaborates on costs for asphalt shingles versus metal roofs and the varying returns for vinyl and fiber cement siding. Each topic is backed by data from the Remodeling Cost vs. Value report, showcasing Eric's commitment to providing his audience with accurate and relevant information. The episode culminates with a section on manufactured stone veneers, emphasizing their increasing popularity and potential for adding significant value to homes. Throughout the episode, Eric G. equips listeners with valuable insights and actionable advice, making it clear that strategic exterior renovations can lead to impressive returns, enhancing both the beauty and marketability of their homes.
Takeaways:
- The cost versus value report provides essential insights on home renovation investments.
- Replacing your front door can yield over 150% return, enhancing curb appeal significantly.
- Composite decks have a decent return on investment, especially in specific regions.
- Garage door replacements can double your investment, making them a smart choice.
- Vinyl siding is prevalent but may not offer the best long-term value in certain areas.
- Consider the maintenance and longevity of materials like wood versus composite for decking.
Links referenced in this episode: