Recent reporting indicates that exterior remodeling can earn homeowners a massive ROI at the time of sale. And how could it not, when 89% of homeowners say that they care about curb appeal, and 68% of homebuyers are put off when it lacks appeal?
The study looked at outdoor spaces and found that while a new patio can generate a return of 80% ROI. Even simple updates to an existing patio can earn an astounding ROI 500%!
Refinishing surfaces with stain, upgrading pavers and stone tiles, building a stylish pergola, and enhancing outdoor lighting are just a few ways that homeowners invest in their outdoor spaces.
Giving your outdoor space a facelift is especially important if you're planning to sell, but even if a move is still years away, there's plenty of positive return to be had by enhancing the beauty of your own home.
"High mortgage rates, steep home prices, and low inventory levels are driving homeowners to prioritize improving their current properties over buying new ones," reports Steve Booz, VP of Marketing, Westlake Royal Building Products. "This trend has resulted in a significant surge in renovation spending, especially in projects known for their high return on investment. According to recent industry reports (Remodeling’s 2024 Cost vs. Value Report), exterior improvement projects consistently deliver significant ROI [upwards of 500%], with real estate experts emphasizing the importance of curb appeal in determining a home's selling price. By focusing on outdoor living spaces, homeowners can enhance both the appeal and value of their property, positioning themselves advantageously for future market fluctuations."
There are many different ways you can revamp your space to create a pleasant atmosphere with real aesthetic appeal. To get inspiration, we asked Kriss Swint, director of marketing communications and design lead at Westlake Royal Building Products. Take her advice into account as you plan your project, and see how you can improve the overall value of your home — and your lifestyle.
- Create an all-weather escape. Protect outdoor spaces from rain, wind, and extreme temperatures by considering climate and your desired exterior design. Incorporate comfortable seating, but plan to use removable cushions during rain. Don't think of it as a temporary solution, either. Installing overhangs or canopies over seating areas makes a difference. Cedar Renditions aluminum siding offers lasting durability with a natural cedar look without the risk of wood rot.
- Incorporate garden features. Install a garden feature such as a pergola, arbor, or trellis to add vertical interest and architectural detail to your outdoor space. These structures provide shade, support climbing plants, and create a sense of enclosure and intimacy.
- Add privacy screening. Create privacy and seclusion in your outdoor space with privacy screens, fencing, or plantings. Consider options like bamboo screens, trellises covered with climbing vines, or tall shrubs to create a sense of enclosure and intimacy.
- Choose weather-resistant materials. If you've ever needed a deck replacement or labored to scrape siding or refinish wood deck boards, you'll understand the appeal. Weather-resistant materials preserve a home’s beauty and can even be used for patios and small spaces. Options like composite decking and Celect Cellular Composite Siding are weather-resistant, low-maintenance, seamless-looking, and cost-effective. Choosing weather-resistant patio furniture is important, too. Teak can cost more than aluminum and plastic, but brands like Teak Warehouse are working hard to make it affordable. We like it because we know it'll last longer than other wooden outdoor furniture (and that's a good ROI).
- Invest in outdoor lighting. Illuminate pathways, trees, and architectural features with strategically placed outdoor light fixtures. Ambient lighting with uplights, downlights, and bulb-style string lights are easy backyard upgrades that create a cozy space. They not only enhance safety but also create a magical ambiance for gatherings.
- Let your interior style carry outdoors. Carry your classic indoor color palette to the outdoors. Mirror the indoor architectural style in terms of trim, beadboard, and molding. Options like Royal PVC Trim are great because it’s durable, water resistant, and will not crack or warp like traditional wood alternatives do.
- Look up. The ceiling of your porch, two-story deck, or entryway might show signs of damage. And when it comes to upgrades, paint isn't always the right solution, especially if moisture is an issue. "Homeowners can increase their ‘liveable’ outdoor areas by renovating the space under their decks or high porches," highlights Katie Ostreko, VP Sales & Marketing at Quality Edge. "They can create a polished, cohesive, and weather-proof area with a system like our Inside Out® Underdecking. It’s a strong aluminum design that comes in a variety of matte or woodgrain finishes, giving homeowners plenty of style options, including the warm aesthetic of wood, but without the hassle of maintenance like repainting. The system collects the water that drips through the composite or wooden deck and directs it away from the underdeck space, keeping it dry and increasing your outdoor area use."
- Update your old patio doors or windows. Replacement windows and doors can be an easy way to upgrade your outdoor living space. Swap out characterless windows. Upgrade solid doorways to outswinging patio doors, or modern sliding doors. Improving access to the outdoor space adds immeasurable value.
- Remember to keep it comfortable. Building out a space that helps to extend outdoor enjoyment year-round can be done easily. Design a serene retreat area with comfortable seating, plush cushions, and lush landscaping. Incorporate elements like hammocks, swinging chairs, or daybeds to encourage relaxation and rejuvenation. An outdoor ceiling fan Kindred Fire Bowls are great for those looking for a touch of warmth and cozy ambiance, enabling gatherings even in cooler months.
- Define your space.Creating beautiful focal points like kitchen or grilling areas are great ideas to increase ROI. Using accent elements like Versetta Stone Siding allows you to create distinctive areas in your outdoor space without breaking the bank.
- Upgrade your outdoor kitchen. Sure, a grill is nice, but if you have the space, an outdoor kitchen with high-quality appliances, durable countertops, and ample storage space is a game-changer. The upfront cost can be high, but it can add appeal to the entire deck surface. Adding features like a built-in grill, refrigerator, and sink to create a functional and stylish cooking area.
- Enhance outdoor entertainment. Upgrade your outdoor entertainment options with features like a built-in sound system, outdoor theater, or game area. This creates an inviting space for hosting gatherings and entertaining guests year-round.
- Install a water-saving irrigation system. Use a water-saving irrigation system that delivers water directly to plant roots, minimizing waste and promoting healthier growth. Consider options like drip irrigation or smart irrigation controllers to maximize efficiency and conservation.
- Incorporate sustainable backyard landscaping. Design your outdoor space with native plants, drought-tolerant species, and eco-friendly landscaping practices. This not only reduces water consumption and regular maintenance but also enhances the overall sustainability and value of your property.
