Page 16 - Real Estate Now-Mar/Apr 2022

Cost-Effective Exterior Renovations

that Could Help Sell Your Home

Ainsley Smith courtesy REALTOR.ca
nvesting in the exterior of your home is important. Not only can exterior home renovations like adding a new roof,
windows, or doors add immediate benefits and curb appeal, they have the potential to increase the value of your
Ihome and give you a greater return on investment (ROI) when you decide to sell.

A 2021 Canadian Real Estate Renovation Trends report from RE/MAX, which used data collected by Leger marketing
firm, said more than half of Canadians renovated their home during the pandemic for personal or “non-ROI” purposes.
According to the report, 29% chose to renovate for non-essential “lifestyle” reasons, such as recreation-inspired
projects, while 16% of Canadians renovated to increase the market value of their home to sell within in the next one
to three years.

Similar to interior home renovations, not all exterior renovations are created equal, with some costing much more up
front, while others are relatively more cost-effective. If budget is a concern, read on to learn about some of the most
cost-effective exterior home renovations that could help increase your ROI when it comes time to sell.

Why is curb appeal important?
The way your home looks from the outside—or its curb appeal—gives potential home buyers their first impression of
the property even before they step inside. This is why exterior renovations that help boost curb appeal are important,
as the aesthetic look of a home’s exterior can give the buyer a sense of what they can expect to find once they walk
through the front door. In other words, if your home presents itself well, the yard is nicely kept, the paint is vibrant,
the siding is aging well, and the roof is in good shape, prospective buyers could be more inclined to look inside if they
like what they see on the outside.

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