Hardscape Projects: A Solid Investment in Your Home
But exterior hardscapes projects may be one of the best ways to improve your return on investment when you decide to sell your house. For example, replacing existing vinyl siding with manufactured stone veneer may cost you around $8,000 in this region. At resale, you’ll recoup about $7,500 – a 93% return on your investment.
Manufactured stone veneer can even be included in your bathroom and kitchen renovations! Thin brick veneers can add a unique touch to your designs.
When you decide to work on major renovations, it’s helpful to remember that higher-priced projects often have lower cost-recouped values. However, getting more than 50% of your investment back at resale is more palatable when you factor in the years of enjoyment you get from them.
A midrange backyard patio project in the South Atlantic region averages about $50,800. That results in about $26,100 of resale value (51% cost recouped). In addition to the extra financial compensation, your family and friends will be able to reap the rewards of the patio space, connecting the indoors with the outdoors. Stone walls and outdoor kitchens also offer attractive return-on-investment + years of enjoyment for friends and family.
When it comes to paying for these improvements to your home, consider a home improvement loan or home equity line of credit. These are great options to finance these investments in your home at a low interest rate, allowing you to take advantage of cash discounts available on materials, labor or contractor costs.
For more ideas on how you can invest in your home, check out our products online or contact us today.