4 Exterior Remodeling Projects to Consider for Your Home

When most people list their most valuable assets, their homes top the list. Considering that a home can cost six or even seven figures, it's no wonder why many homeowners say where they live is their biggest investment. It’s also no surprise why home renovations are so popular. Homeowners must prioritize maintenance, repairs, and renovations that can help boost the return on investment down the road. Whether they stay put or sell to monetize their investment, improving home value is key. One source says homeowners were expected to spend a whopping $485 billion on renovations last year -- up 33.6% from $363 billion in 2020. That’s a lot of dough for home remodeling. If you’re thinking about ways to make home sweet home the nicest place it can be, there are tons of projects you can consider.  Here are four of the best exterior renovation projects. 1. New Siding Installation One option is to install new siding. If the siding on your home detracts from the curb appeal, it might make sense to change the siding. Going that route can give your home’s exterior a facelift since it’ll look just about brand new. The sky’s the limit when looking for siding options. Your best bet is to check out a siding retailer and installer to find a suitable product within your budget. New siding is an exterior remodeling product that’ll make an immediate aesthetic improvement and boost the home's valuation. 2. Roof Replacement or Repair Depending on the roofing system, the environment where you live, the installation quality, upkeep, and other factors, a roof can last between 15 and 50 years or even longer. A quality roof provides insulation that keeps your home warmer during the cold months and cooler during the hot months. It'll also safeguard your home from the elements and protect your family and possessions. But it’ll eventually need to be replaced.  Swapping an old roof for a new roofing system won’t only lower your utility bills year-round. It’ll also, among other things, increase curb appeal since the overall aesthetics of your home will climb. A new roof will cost you something, but the benefits will make such a remodeling project worthwhile. And you can potentially go decades before having to replace it again. 3. Outdoor Living Spaces While outdoor living spaces have always been popular, interest skyrocketed during the pandemic. People were forced to stay home much of the time, and many homeowners, desiring to turn lemons into lemonade, invested in improving their properties. If they were going to remain home during stay-at-home orders, they might as well make home more special. One way they did this was by investing in outdoor kitchens. According to Grand View Research, the worldwide outdoor kitchen market was estimated to be worth $24.45 billion last year and is on pace to expand at an 8.9% compound annual growth rate from this year to 2030. An outdoor kitchen can be a game-changer, whether your indoor kitchen is too small or you love to entertain and want the option of cooking and eating outdoors. An outdoor living space can add significant value.  Another popular outdoor living space is a patio cover to combine with a back deck. With a patio cover, you can gather outdoors with family or friends without worrying about the weather. It'll be like an outdoor den. 4. Gutters and Drainage System Yet another project to consider is an upgrade to the gutters and drainage system of your home. While going this route isn't as glamorous as changing the siding or roofing, upgrading the gutters and drainage system is a good move. If the ones you have are past their best-before date, proper drainage could be an issue and lead to foundation problems. Conclusion Whatever home remodeling projects you take on, it’s best to work with professional contractors. Your home is possibly your biggest investment. Ensuring that it continues to increase in value should be a key priority, which is why working with the right service providers is best.