Remodeling can increase home’s resale value

Remodeling can be an important part of increasing the resale value of the home, according to experts. Refurbishing the areas outside the walls of the house can lead to a quicker and more profitable transaction, if your home is soon to enter the market.

Re-roofing is one common home exterior project that increases home value, according to industry insiders. Homeowners often are forced to put a new roof on their home after weather or fire damage. They also may be facing expired warranties on the roofing material. More and more often, homeowners are re-roofing to enhance the curb appeal of a home, even if it’s not on the market.

There are several criteria to think about when choosing a roofing material. Most importantly, does it have weather and fire resistance classifications? You should also consider a roofing material’s aesthetic value and ensure it complements your home’s style and design. In addition to traditional roofing materials, such as asphalt, shake, slate or tile, composite roofing is an increasingly popular choice. Composite shingles offer the look of real slate or wood shake shingles, but provide more durability.

Deck additions are another popular exterior project that can easily increase a home’s value. Typically the centerpiece to a front or backyard, a deck is the foundation for creating an outdoor living space. If you currently have a deck, evaluate the condition and look of the material and consider an upgrade.

There are two primary types of decking material — natural wood or composite. Composites offer the look and grain pattern of real wood. Begin by choosing a material that will complement the architecture and exterior style of your home. Durability and low maintenance also are two important considerations for any deck — after all, you should spend more time enjoying the deck than caring for it.

Exterior home improvement projects are a smart investment in your home. According to data from a recent survey conducted by national research firm Synovate for TAMKO Building Products, a leading building products manufacturer, more than 65 percent of homeowners look for roofing material that will make their roof better-looking and add curb appeal to their homes.

Furthermore, Remodeling magazine’s 2006 Cost vs. Value Report reports that homeowners can recoup 76.8 percent of the cost of a deck addition in home resale value. And, between 72.9 and 73.9 percent of midrange and upscale roofing replacement costs, respectively, can be recovered.

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