According to research done by Freddie Mac, homes that had high energy efficient ratings sold faster and for 2.7% more on average than homes that did not. With the average family spending at least $2,200 per year on their energy bills, the up to 30% cost reduction that can come with energy efficient upgrades make green homes very desirable.
If your future plans include selling your home, you may want to consider some of these upgrades that can improve your curb appeal and cut utility costs:
Adding a Coat of New Paint
If your home has cracked or chipped paint, you may want to explore options like Tex-Cote® exterior that can help lower your bills by deflecting heat and keeping your walls cool. The price associated with painting your home’s exterior can range between $1,800-$4,300 with an ROI of up to 55%.
Replacing Your Old Roof
An old or damaged roof can quickly turn into an eyesore that increases your energy bills and elevates risk to health and during extreme weather events. Depending on the extent of your project and materials chosen, a roof replacement can cost anywhere from $8,700 to $22,000 with an ROI of up to 61%.
Related Blog: Replacing Your Roof with a Cool Roof
Updating Your Siding
If your siding is showing signs of deterioration, you could benefit from the energy savings and improved curb appeal that comes with upgrading to insulated siding. Replacing your siding can cost between $5,400 and $15,500, depending on the materials chosen, with an ROI of up to 80%.
Upgrading Your Windows
Damaged or rotting window frames are a good indicator that it’s time they are replaced. Energy efficient windows offer increased insulation and are a great way to cut energy costs up to 15% by keeping temperature controlled air from escaping. You can expect to pay between $650 and $1,800 to replace a window with an ROI of up to 68%.
Related Blog: The Value of High Impact Windows
Replacing Garage Doors
One of the first things a potential home buyer will be greeted with is your garage door, and if it’s seen better days it could turn them away. By upgrading to a more durable garage door you can protect against severe weather events while improving your curb appeal. The average garage door installation costs $1,200 and has an ROI of up to 70%.
Installing Exterior Doors
If your home’s exterior doors are older and lacking proper insulation, you may want to consider replacing them. With many options to choose from, you can improve your curb appeal while increasing the safety and efficiency of your home by installing new exterior doors. Depending on the scope of your project, you could pay between $500 and $1,700 with an ROI of up to 65%.
Landscaping Improvements
With the help of a landscaper you can create a beautiful and safe, climate-wise yard. Making improvements to your landscaping can cost between $1,300 and $5,600, depending on what you want to accomplish, with an ROI of up to 50% that increases the more you improve the space.
Related Blog: Drought Tolerant and Fire Smart Landscaping Ideas
Financing Your Projects with PACE
If you’re looking to sell your primary or investment property and are researching ways to pay for value adding improvements, consider the Property Assessed Clean Energy (PACE) financing program. PACE covers the cost of home upgrades related to energy-efficiency, renewable energy, water conservation, and safety and resiliency. Homeowners in eligible communities can finance 100% of their project with:
- Zero upfront payments
- Low-interest rates
- Terms of up to 30 years
- Additional consumer protections
Are you ready to enhance your curb appeal and attract buyers with green upgrades? Click HERE or call us at 844-736-3934 to get started!
Important Disclosures
PACE financing is subject to approval. Underwriting requirements and restrictions apply. PACE financing is secured by a lien on the subject property and often required to be repaid upon refinance or sale. PACE financing is private financing that must be repaid in full. PACE financing is not a government subsidy. Renew Financial Group LLC, a Delaware limited liability company (Renew Financial), is a private company and not a government entity. The installation or construction of property improvements financed with a PACE assessment is provided through an independent third-party home improvement contractor or other third-party provider, and not by Renew Financial or a government entity. Homeowners should perform due diligence before selecting a home improvement contractor or source of financing. Financing provided in California through Department of Financial Innovation and Protection License No. 60DBO-90653.
All content provided on this blog is for informational purposes only. Renew Financial makes no representations as to the accuracy or completeness of any information found by following any link on this site. Renew Financial is not a financial or home improvement advisor and information contained in this post should not be viewed as legal or financial advice.
