Decks and front doors can both bring a high return on investment when properly upgraded.
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Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation
Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.
As we’ve discussed in previous messages, the relationship between cost and value when it comes to home upgrades is hugely important to buyers, sellers, and homeowners alike. Today, we’ll be talking about two home features—decks and doors—as they relate to this concept.
To illustrate why these features matter, allow me to share the story of my last home purchase.
A few years ago, my family and I were in the middle of buying our current home. At the time, the back yard was an absolute mess. The deck, in particular, was in need of a major upgrade. It had this unsightly square paneling, was poorly designed, and was far too small. The moment my family moved in, I knew that this deck was the first thing I wanted to change.
We ripped out the deck and replaced it entirely. The new deck we installed was a massive improvement. It was much larger, much more durable, and much better looking. We receive compliments on it all the time. It really is a showpiece. But what about its cost-to-value ratio?
To illustrate why these features matter, allow me to share the story of my last home purchase.
A few years ago, my family and I were in the middle of buying our current home. At the time, the back yard was an absolute mess. The deck, in particular, was in need of a major upgrade. It had this unsightly square paneling, was poorly designed, and was far too small. The moment my family moved in, I knew that this deck was the first thing I wanted to change.
We ripped out the deck and replaced it entirely. The new deck we installed was a massive improvement. It was much larger, much more durable, and much better looking. We receive compliments on it all the time. It really is a showpiece. But what about its cost-to-value ratio?
Buying a second home and opening it up for short-term rent when you’re not there is a great way to pay the mortgage and even receive cash flow.
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All told, this deck would bring a 91% return on investment if, or when, we sell this home.
Moving on, upgraded front doors can also bring a return in the 90% range. I still haven’t upgraded my own front door, but I would definitely like to. A front door plays a massive role in your home’s exterior appearance. It often serves as a first impression, so it needs to look good and have a lot of character.
The thing to remember about making these or any other upgrades is that they should enhance, not overwhelm, the rest of your home. Everything you do to a given property should work toward a cohesive overall look and feel.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Moving on, upgraded front doors can also bring a return in the 90% range. I still haven’t upgraded my own front door, but I would definitely like to. A front door plays a massive role in your home’s exterior appearance. It often serves as a first impression, so it needs to look good and have a lot of character.
The thing to remember about making these or any other upgrades is that they should enhance, not overwhelm, the rest of your home. Everything you do to a given property should work toward a cohesive overall look and feel.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
