When it comes to remodeling the exterior of your home, there’s no shortage of projects to choose from. However, your home exterior isn’t just the exterior features of your home, it extends to the entire area of your property outside the walls of your home. As such, hardscaping and landscaping projects are some of the most valuable exterior remodeling projects you’ll find.
So, if you’re looking to complete a project with a high ROI as well as one that will add beauty and/or functionality to your home’s exterior, let’s take a look at some popular ideas right now.
1. Outdoor Kitchen
Being able to cook outdoors in a full kitchen is seen as a rare and valuable feature of a home. That’s why outdoor kitchens provide a huge bump to your property value and have the highest ROI of any exterior hardscaping project out there.
In fact, you’re expected to get anywhere from 100% to 200% of your initial investment back on an outdoor kitchen. This especially applies to climates where the weather is warmer and the kitchen can be used almost year-round. Just make sure you know how to clean brick if you opt for brick countertops and/or brick patio flooring.
2. Patio
Even without an outdoor kitchen attached to it, a patio will still net you a hefty ROI. Depending on what it’s made out of and what features it has, a patio will return you up to 75% of your initial investment. You can bump that up a bit by enclosing your patio but this extra bit of value maxes out at a certain amount, so just choose an enclosed screen that you like as opposed to selecting for the highest ROI. If you really want to give your patio some extra flair, consider using stunning ashlar pattern pavers as a creative paving option.
If a full-on patio isn’t your style, there are some pergola design ideas that can net you a similar ROI. However, your basic unenclosed pergola with a slate roof and no extra features won’t net you much of anything for ROI, so it’s best to go big on a pergola if ROI is your main goal.
3. Permeable Pavement Driveway
One of the best driveway ideas with a big ROI is the permeable paver driveway. This driveway uses permeable pavers to lock gravel into place and make it driveable. It provides a level, durable, steady, and 98% permeable surface to park and drive vehicles on. You can use many different colors of gravel in the pavers which afford you a ton of stylistic versatility.
If you already have a gravel driveway and just want to stabilize it, permeable pavement is one of the types of paving that will get you a big ROI, up to 75% in some cases. Permeable pavement also eliminates the need for driveway maintenance and will prevent your driveway from flooding or eroding.
4. Firepit
A well-built firepit is one of the most lucrative exterior projects you could invest in. A high-quality firepit laid with brick, stone, or another type of valuable material can get you a 150% return on your investment. As long as it’s properly constructed and designed with outdoor entertaining in mind, a firepit can provide you with a ton of value.
Consider these Projects before Starting your Next Exterior Renovation
If you’re of the mind to begin a new exterior remodeling project for your home, consider the options we’ve laid out here first. From a firepit to an outdoor kitchen, permeable paver driveway, and a patio, any one of these projects will net you a decent ROI. Not only that, but you’ll be able to enjoy the beauty and functionality of any option here while waiting for that eventual return on your investment.
Andrea Erickson is a contributor to Innovative Building Materials. She is a blogger and content writer for the real estate industry. Andrea is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that increase property value, maximize energy savings, and turn houses into homes.
Source for all stats: https://pavertime.com/outdoor-renovations-that-provide-the-highest-return-on-investment/
