3 Reasons Your Home’s Exterior Increases Its Value
Posted on March 1, 2022
Curb appeal is probably the most important aspect in valuing a home. Appraisers use the location, condition, and features to determine a home’s value. First impressions are everything in real estate, so investing in your home’s outward appearance matters. Today, we will discuss three reasons why a good looking exterior adds value to your home.
Great Exterior Equals Interest
How many times have we looked at a home or feature and found we couldn’t stop looking? A picture perfect exterior becomes the example of the neighborhood. Particularly in subdivisions 15-20 years old, a good looking exterior stands out because most other homes are beginning to show wear. If you are selling, or just want the best looking home on the block, keeping the exterior in top shape makes the difference in valuation.
Desirability
Home value is really just a function of how much someone will pay. When buyers are house shopping, they are likely making the biggest investment they will ever make. As such, they look for homes they can show off and be proud of.
In fact, many real estate professionals suggest simply walking around a home before selling it and objectively looking for defects. You can rest assured if you find any, the buyer will too. The pros suggest making updates or repairs you would want completed if you were purchasing the home for the first time.
Repainting Adds Value
Many studies have indicated that repainting a home adds value. In today’s modern construction, fiber cement siding is enormously popular, but it does require maintenance in the form of painting. Studies have shown that in a subdivision of track homes, where the homes use essentially the same floor plan, the ones that have been freshly painted sell faster and for more money. Home buyers understand the costs of repainting, so when the work has already been completed, they can make a higher offer.
