It's virtually gospel that updated kitchens and bathrooms provide the highest ROI when considering home improvement projects. A paint refresh, installing new hardwoods and replacing hardware and fixtures are also worthy of consideration on a case-by-case basis.
But don’t forget the exterior! Few rehabbing dollars go farther than those spent on the outside of the house. If for nothing else, curb appeal helps sell homes. New landscaping could be just what your home needs to look fresh and appealing. The aesthetic appeal of both the front and backyard may actually be the first thing buyers see, so make a good first impression and update the landscaping.
Go a step further and develop your exterior living spaces. An outdoor kitchen is a feature that many homeowners want to have added to their property, especially here in Tennessee. Entertain family and friends while taking advantage of favorable weather. There is also the resort factor that an outdoor kitchen brings. It could seal the deal when it's time to sell. The National Association of REALTORS® claims an outdoor kitchen project will set you back about $14,000 (on average) but you’ll recover an estimated $10,000. To guarantee the best ROI, keep the project simple: an inset grill, stainless steel drawers, ice chest, sink, and 60 square feet of concrete countertop is plenty.
Check out the House Beautiful article below about landscaping and hardscaping return on investment. I have also included pictures and video of stunning 272 Gillette Drive, a home I have the pleasure to represent in the River Landing community of Franklin TN. The all-seasons room opens to a covered patio, outdoor kitchen and hot tub. It is a special inviting environment with ROI-worthy improvements. The future owners and their guests will truly appreciate the functionality of the upgrades and the way they are drawn to spend time in the beauty of outdoor Tennessee.
Click image for 272 Gillette Drive, Franklin - Video
Click image for 272 Gillette Drive, Franklin - Images
