When you ask homeowners in places like Salt Lake City, Boston or Anytown USA what investments and remodeling upgrades would add the most value to their homes, typical answers include improvements to the kitchen and bathroom.
But a new report from the National Association of Realtors, entitled the 2014 Remodeling Costs vs. Values report, suggests that exterior remodels actually give homeowners the biggest return on investment. Not only are you likely to recoup the investment upon a sale, but you’re actually more likely to increase your home’s value.
Eight out of 10 projects deemed the most valuable are actually exterior upgrades and changes. That’s good news for homeowners anxious to take advantage of the latest trends in exterior home renovations and design. Here’s a closer look at what trends contractors and designers are currently seeing on the rise. Screened in porches and living areas: Your home’s exterior areas offer some of the greatest pleasures associated with owning your own home. Your home’s exterior is the first thing that people notice about your property, making important statements about your family, your lifestyle, and the kind of image you put out into the world. Exterior spaces such as pools, patios, and backyards are meant to be enjoyed by kids playing, adults relaxing, and families and friends spending quality time together. An increasing focus on screened in porches and living areas is making it possible to enjoy outdoor living without bugs and inclement weather interfering. Special attention is also being paid to the soffits and fascia being used on these areas for both decoration and ventilation purposes.
Designer soffits and fascia: Soffits and fascia are among the most important pieces of a roof. The right ones can offer both structural reinforcements that protect your home, and add unique aesthetic touches to your property. In Utah for example, one of the most popular materials is aluminum of a proper thickness to not dent during exposure winds, storms, and snow. The right soffits are especially critical to ventilation, which helps more effectively regulate temperatures in both winter and summer. Designer soffits and fascia can be made to blend perfectly with your existing exterior, or offer unique contrasts that add flavor to your design. Neutral palettes with color pops: Neutral colors are remaining a big trend, both due to an overall focus on minimalistic design and typical patterns toward more somber colors during economic downturns. Things are turning around with the economy, and homeowners are opting for more creative neutral tones than whites and tans as a result. Unique shades of brown, gray, and other nature inspired tones are working their way in to people’s choices of siding colors, stucco, and exterior paint. Accents are being used to add pops of color, brightening up these home exteriors and lending unique personality. From soffits and fascia to exterior trim, colors are ranging from vivid blues and greens to new raspberry-inspired hues that have to-date been unusual to see.
Handcrafted elements such as stucco: Many home trends are leaning toward handcrafted, artisanal work. The interior trend in reclaimed wood furniture is a great example of that. Yet the desire for a more artisanal home is extending to the exterior remodeling world as well. More people are opting for solutions such as stucco which are mixed and then applied by knowledgeable craftsman. Some homeowners are also focused on bringing this trend to bear by choosing custom accents such as stone masonry and brickwork to create an elegant exterior face to their homes. 2014 has been an exciting year in exterior remodeling, with new major trends taking hold. From an artisanal approach leading to a resurgence in the popularity of stucco to more homeowners adding splashes of color, now is a terrific time to make investments in exterior renovation. To get started with your own high return on investment remodel, contact a qualified exterior remodeling company today.
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