Home improvements that increase value. We're going to be talking about that today, so let's get started. Today we're going to be talking about the home improvements that increase value. But specifically we're going to be talking about the exterior projects that you can be doing to your home that will net you cash. Before we do that I want to make sure that you go ahead and hit the subscribe button and hit the little notification bell, that way you're notified every time we post a new video, which is every Friday.
Number 1 is landscape maintenance. This will yield you 100% of your investment. We want to make sure that you're up keeping the lawn. This is really going to contribute to the curb appeal when you do put your home on the market and if you keep it maintained it will be a whole lot easier to get it ready to sell.
Number 2 the overall landscape upgrades. Now these can just be installing some trees, maybe where you didn't have anything. Planting new colorful plants and blooms, adding borders, adding paver walkways. Now the overall landscape upgrades are going to yield you 83% of your cost.
Number 3 tree care. Tree care can cost up to $2000 but the resale value will be$2000 so that's a 100% return on your investment. When buyers are looking at your property, most of them are going to be considering the trees that are surrounding the home and what effect it may have on their house during hurricane season.
Number 4 - a new wood deck is going to yield you about 80% return.
Number 5 - a new patio. Now this is going to yield you about 79% return on your investment. Outdoor living is very high on many buyers dream home checklists, so you want to make sure that when you are renovating or improving projects on the exterior of your home that you're doing the ones that are going to yield you the most return on investment. Now with that being said, if you plan on living in your home for however many years that you're going to be able to get the use out of that investment. Then really it's kind of just up to you at that point.
Number 6 is landscape lighting. Now if a typical job would cost about five thousand dollars you're going to get back about twenty five hundred of that so that would be about a 50% return on investment.
Number 7 - fire features. You may not think those are very popular in Florida but they are. A lot of people are looking for the exterior with the patio with the fire feature whether it be a fireplace or a fire pit. You're going to get back about 67% of your investment.
Number 8 - irrigation system. Now this is something that is definitely high on buyers list here in the Tampa area but you're looking at about 86% return on investment. Outdoor kitchen who doesn't love a beautiful outdoor kitchen and guess what this will get you back, 71% of your investment.
Number 9 - a pool. According to the National Association of Realtors, by putting in a pool that would cost you about$50K you're going to get a return of $25K on your investment that is about a 43% return. There you have it, there's your top 10 exterior projects that will net you cash.
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