Exterior renovations can boost the appearance of a property and make it more enjoyable for homeowners. Particular renovations have the potential to add value to a house, while others may do the contrary. Learning which you have the largest return on investment can help homeowners pick features which will have the maximum positive impact.
Curb appeal goes a long way toward bringing prospective buyers. According to the National Association of Realtors, first impressions of a property have a powerful influence on buyers. Landscaping and outside attributes can do much to affect these feelings.
Lawn care plan: Purchasing a lawn care plan which consists of compost and weed control program and could be moved over to another home owner is an attractive feature. NAR says this type of care plan can recover $1,000 in value of their $330 average price, or a 303 percent ROI.
Low-maintenance lifestyle: When choosing materials for projects, the ones that provide low-maintenance gains could be preferential. These include low-maintenance patio materials, composite decking, vinyl fencing, and inorganic mulched beds.
Fire pit: A fire pit can be used for much of the year. From the summer and spring, the firepit is a great spot to congregate to roast marshmallows or sip wine and gaze in the fire. In the autumn, the fire pit can result in a comfy retreat. A fire pit which has a gas burner is low-maintenance, and also the National Association of Landscape Professionals states that many can recover about $4,000 of the 6,000 average price tag.
Softscaping: Hardscaping refers to constructions such as outdoor kitchens or decks and outdoor decorative rock. Softscaping entails the living elements of the landscape. Employing a landscape designer to install trees, shrubs, organic edging, and stone elements can work wonders toward enhancing the overall look and value of a house.
Pool or water characteristic: In certain markets, especially hot climates, a pool or another water feature is a must-have. However, in other areas where outdoor time is restricted, a pool or water feature can really lower the value of a house. Speaking with a real estate professional can provide homeowners an idea of how a swimming pool will fare in a specific neighborhood.
Outdoor improvements can improve the marketability of a house, as well as enhance its appearance and function.