Renovating your home's exterior can be a daunting task, but with a solid plan, you'll be able to tackle it with confidence.
The average cost of a home exterior renovation can range from $15,000 to $50,000, depending on the scope of the project.
A well-planned renovation can recoup up to 80% of its cost at resale, making it a smart investment for homeowners.
It's essential to assess your home's condition and identify areas that need improvement before starting the renovation process.
Benefits and Value
A home exterior renovation can bring a multitude of benefits, from increased property value to improved curb appeal.
Homeowners can expect a significant increase in their home's market value after a well-executed exterior renovation. A visually stunning exterior can attract more potential buyers and lead to a higher selling price.
A fresh coat of exterior paint can make a big impact on your property, with an average ROI of about 43 percent. This is a great opportunity to combine regular maintenance with an exterior remodel project.
Replacing the siding on your home can also be a great idea, offering a chance to combine maintenance with an exterior remodel project. This can be a great way to boost your ROI.
Outdoor kitchens and patio areas are becoming increasingly popular among buyers, making this a top project for property owners looking to boost their ROI. Be careful to research durable materials to ensure any new installations withstand the test of time.
Replacing the garage door on a property can have a high ROI, with options that blend in with the rest of the home and fit within a budget. Installing an outdoor fire pit can also do wonders for your property, making it more desirable to potential buyers.
Replacing or repainting your front door can have an ROI up to 100 percent, making it a key part of your home's exterior. Landscaping is also crucial to boosting the overall curb appeal of your home, including adding new shrubbery, flowers, or new trees.
Here are some exterior remodeling projects with a high ROI:
- Exterior Paint: 43% ROI
- New Siding: 77.6% ROI
- Outdoor Kitchen: High ROI
- Replace Garage Doors: High ROI
- Fire Pits: High ROI
- Front Door: Up to 100% ROI
- Landscaping: Boosts curb appeal
Certain projects can practically pay for themselves in the value they add to your home. Here are some examples:
- Roof replacement: 109% ROI
- Replacing siding with fiber cement siding: 77.6% ROI
- Installing new vinyl windows: 72.3% ROI
- Replacing entry doors: 68.8% ROI
Curb Appeal and Aesthetics
A fresh coat of paint can make your home look like new, even if it's 20, 30, or 40 years old. You can repaint with the same shade or opt for something completely different.
New fiber cement siding can provide a nearly 80 percent return to homeowners. This is a huge investment return for such a simple update.
A welcoming entryway or fresh siding can make your home seem more inviting and appealing to potential buyers. This is a major interest of potential home buyers, which is why curb appeal matters.
Changing your exterior walls' color, texture, and overall feel can drastically improve your home's aesthetic value. With the help of a seasoned contractor, you can transform your old home into a visually appealing work of art.
The right paint can safeguard your siding from the elements for years to come. However, think carefully before painting over vinyl siding as this could void your manufacturer's warranty.
For your interest: Old Home Renovation
Maintenance and Energy Efficiency
Homeowners want to know that their home will last with minimal upkeep, and that's where exterior remodeling comes in. You can choose high-performance materials that have all the charm and appeal of other materials without all the work.
For example, James Hardie fiber cement siding provides a similar aesthetic to cedar shingles and siding with just a fraction of the upkeep. It's a game-changer for busy homeowners who don't have time to refinish siding every season.
Low maintenance windows that are easy to clean are also a must-have, especially for upper-level windows in popular home styles like Tudor, Victorian, or Craftsman style homes.
A different take: High-quality Home Renovation Materials
Low Maintenance Options
Homeowners want to know that their home will last and how much time investment their chosen products require to keep their home looking new. We live busy lives, and we don’t always have time to refinish siding every season or continuously repaint window frames.
A major benefit of remodeling your home exterior is having the freedom to choose high-performance materials that have all the charm and appeal of other materials without all the work. James Hardie fiber cement siding provides a similar aesthetic with just a fraction of the upkeep.
For example, homeowners love the look of cedar shingles and siding, but they don’t love all the work. Low maintenance windows that are easy to clean are ideal, especially when the windows are on an upper level of some of the popular home styles found here in Michigan, such as popular architectural styles such as the Tudor, Victorian, or Craftsman style homes.
Here are some popular low maintenance options to consider:
By choosing these low maintenance options, homeowners can enjoy the benefits of a well-maintained home without sacrificing too much time or effort.
Energy Efficiency
You can choose energy-efficient materials and appliances for your exterior remodeling to reduce energy usage. Energy-efficient windows and doors, solar panels, and eco-friendly building materials are all great options.
Installing eco-friendly products during an exterior home remodel can add value to your home. Future buyers will love choosing a home that is friendly towards the environment.
Replacing old windows and doors with well-insulated versions can help keep warm air in during winter and out during summer. This means your heating, ventilation, and air conditioning (HVAC) system doesn't have to work as hard.
James Hardie siding is a recognized eco-friendly siding option that lasts for decades and is sustainably made.
Windows and Doors
Replacing your home's windows and doors can be a great way to boost curb appeal, reduce energy bills, and even increase the value of your property. A new front door can make a big impact, with many homeowners seeing a significant return on investment.
According to the 2016 Cost Vs. Value Remodeling Report for San Jose, replacing the front door adds more value to your home than the cost to install it, with an average cost to install a fiberglass entry door of $3,226 and a recoup value of $3,607.
Replacing old, dirty windows with expansive picture windows can let in plenty of natural light and boost curb appeal. New windows will also lower your monthly utility fees, effectively paying for themselves over time.
Replacing your home's windows can be a wise investment, with a 70% ROI. Energy-efficient windows will yield a high return on investment through lowered energy bills and increased comfort.
Here are some benefits of replacing your home's windows and doors:
- Energy-efficient windows will lower your energy bills and increase comfort
- Replacing your home's front door can boost curb appeal and increase the value of your property
- New windows will let in plenty of natural light and boost curb appeal
- Energy-efficient windows can be large and still provide plenty of light
Steel and fiberglass doors are both popular options for homeowners, offering ease of maintenance, durability, and affordability. Steel doors are more resistant to damage and slightly less expensive, while fiberglass doors offer slightly better insulation.
Siding and Roofing
Replacing your home's siding and roof can be a daunting task, but it's essential to ensure your home remains safe and comfortable.
A compromised roof can cause interior damage to your home's structure, so it's crucial to address any issues promptly. In Michigan, winter weather can wreak havoc on your roof, leading to problems like ice dams and structural damage.
Replacing your roof can have numerous benefits, including better curb appeal, increased home value, and additional safety for your family. New innovations in roofing materials, such as those from GAF Roofing, offer better protection against winter storms and energy savings.
Failing siding, on the other hand, can lead to exterior and interior damage, making it a top priority for homeowners. Fiber cement siding, like James Hardie siding, is a great option due to its durability, eco-friendliness, and resistance to fire, hail, pests, sunlight, and moisture.
Replacing your roof or siding can be a pricey project, but it's often worthwhile, especially if your current roof is missing shingles or starting to sprout leaks. Modern asphalt shingles are attractive and durable, while vinyl siding scores high in the Cost vs. Value report.
Here are some benefits of replacing your roof and siding:
- Better curb appeal
- Increased home value
- Additional safety
- Stronger structure
- Energy savings
- Durable and long-lasting
- Eco-friendly
- Resistant to fire, hail, pests, sunlight, and moisture
Planning and Preparation
Planning and preparation are key to a successful exterior home renovation. A detailed plan should include design ideas, budget, materials needed, and the duration of the project.
Homeowners need to research and conceptualize design, and select the right professionals for the project, which can be challenging. Any mistake in the planning stage can lead to design errors and cost overruns.
Don't rush through the planning process, as this can lead to larger problems down the road. It's essential to have a clear vision and plan out the finished product, thinking through the steps necessary to get there.
Expand your knowledge: Best Design Tool for Home Renovation
Have a Plan
Having a plan is crucial when it comes to exterior remodeling. Research and conceptualize your design to ensure it aligns with your vision.
A detailed plan should include design ideas, budget, materials needed, and the duration of the project. This will help you stay on track and avoid costly mistakes.
Consult with professionals to guide you through the process, especially when it comes to technical details like electrical or plumbing. This will help you avoid design errors and cost overruns.
It's essential to have a vision before starting a renovation project. Look through exterior home design styles to get a few ideas of your end goal and strategize which items you will need to tackle to get there.
Any mistake in the planning stage can lead to design errors and cost overruns. Homeowners need to spend time researching, conceptualizing design, and selecting the right people for the project.
Having a plan initially can help ensure all aspects of the exterior home remodel run smoothly.
Recommended read: Home Renovation Interior Design
Are Permits Required?
When planning an exterior remodeling project, it's essential to consider the permits required to ensure the work meets local building codes. Most exterior remodeling projects require a building permit.
Check with your local authorities to understand which permits are needed for your specific project. This will help you avoid costly delays or even having to redo the work.
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Temporary Displacement
Temporary Displacement can be a reality for homeowners undertaking significant exterior remodeling projects. Depending on the scale, exterior remodeling can take a substantial period.
Homeowners might have to find temporary accommodation if significant work like a roof replacement is involved. This is especially true for projects that require extensive renovation or replacement of major exterior components.
For another approach, see: Do It Yourself Home Renovation Projects
Cost and Budgeting
Determining a realistic budget is key to avoiding financial surprises during a home exterior renovation. This involves considering several factors, including the size of your home and the scale of the project, any underlying problems, the cost of materials, and the extent of your remodel.
You can expect to spend anywhere from $5,000 to $15,000 on average, with most expenses going towards painting the exterior, redoing the siding, and basic landscaping. High-quality materials, such as James Hardie siding, can add to the overall cost, but they often come with long-lasting benefits and a 30-year warranty.
To finance your project, consider options like home improvement loans, home equity lines of credit, or mortgage refinances. You can also explore tax credits and other incentives for energy-efficient home improvement projects.
Here are some common costs associated with exterior home renovations:
- Siding replacement: $3,000 to $10,000
- New windows: $2,000 to $5,000
- Roof repair or replacement: $3,000 to $10,000
- Garage door replacement: $1,000 to $3,000
- Fencing installation: $2,000 to $5,000
Best ROI
When it comes to getting the best return on investment (ROI) from your home exterior remodeling projects, certain projects stand out from the rest. For example, roof replacement can practically pay for itself with a whopping 109% ROI.
A fresh coat of exterior paint can also make a big impact, but its ROI is significantly lower, at about 43 percent. You can expect to recoup this amount if you choose colors that fit in with the style of your home and the neighborhood.
Replacing your siding with fiber cement siding can bring in a 77.6% ROI, making it a solid choice for those looking to boost their property's value. Installing new vinyl windows can also yield a decent ROI, with a 72.3% return on investment.
Installing an outdoor fire pit can do wonders for your property, increasing its desirability to potential buyers or renters. In fact, many investors are choosing to add outdoor living spaces, such as decks and patios, to their properties to make them more attractive.
Replacing entry doors can bring in a 68.8% ROI, making it a worthwhile investment for those looking to upgrade their home's exterior. Landscaping is also crucial to boosting curb appeal, which can increase your property's value.
Here are some of the top exterior remodeling projects with a high ROI:
- Roof replacement: 109% ROI
- Replacing your siding with fiber cement siding: 77.6% ROI
- Installing new vinyl windows: 72.3% ROI
- Replacing entry doors: 68.8% ROI
- Replacing your front door: up to 100% ROI
- Exterior paint: 43% ROI
Remodel Costs
The cost of an exterior home remodel can vary greatly, but it's essential to determine a realistic budget to avoid being caught off guard. The total cost of your project will depend on several factors, including the size of your home and the scale of the project.
You can expect to spend between $5,000 to $15,000 on average for exterior renovations, with most expenses going towards painting the exterior, redoing the house's siding, and basic landscaping expenses.
High-quality materials, such as James Hardie siding, may be more expensive upfront but can provide long-term value and require little maintenance. This siding far outlasts some other siding materials and comes with a 30-year, non-prorated, transferable warranty.
Some home exterior projects, like new siding or windows, can improve your home's energy efficiency, leading to a significant reduction in energy bills. Additionally, these projects can have a high return on investment (ROI) value, making them great options for homeowners looking to improve their home's worth.
It's crucial to consider the cost of materials, underlying problems, and the extent of your remodel when determining your budget. You may want to consider financing options, such as home improvement loans, home equity lines of credit (HELOCs), or government loans, to help cover the costs.
Here are some estimated costs for exterior home renovations:
Keep in mind that these are just estimates, and actual costs may vary depending on your location, materials, and other factors. It's always a good idea to consult with a professional to get a more accurate quote for your specific project.
Frequently Asked Questions
How can I Modernise the outside of my house?
Give your home a modern makeover by upgrading exterior features such as cladding, render, and a new front door, and don't forget to refresh your front garden and brickwork
Is there an app for exterior house renovations?
Yes, there's an app called Dream Designer that helps with exterior house renovations, allowing you to customize and visualize your project with ease. It's a great tool for beginners, even accessible on mobile phones.
How can I renovate my house with little money?
Renovate on a budget by utilizing DIY projects, repurposing materials, and exploring financing options like home equity loans and personal loans. Start with small, cost-effective changes to transform your space without breaking the bank
Sources
- https://johnmccarterconstruction.com/the-michigan-homeowners-exterior-remodeling-guide/
- https://www.windowworld.com/blog/exterior-home-remodel
- https://www.gvdrenovationsinc.com/blog/exterior-remodeling/
- https://www.fortunebuilders.com/p/exterior-home-remodel/
- https://www.nextstagedesign.com/7-exterior-renovation-ideas/
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