We all want our property to be worth more, and as the years go by and you do remodeling jobs or home improvements, some of these projects add to the value, and others don’t.
The National Association of Realtors recently surveyed their members to ask what items added the most to the perceived curb appeal of the home the buyer was looking at. These are the top 5.
- A Lawn Care Program – Seventy five percent of those surveyed said that having a lawn care program to keep the grass green and weed free helped to close the sale. They also stated that with the average cost for a 6 application lawn care program being $330.00 that the return on investment was 303%. Or worth approximately $1,000.00 at the time of the sale
- An Overall Landscape Upgrade – A front lawn / landscape renovation consisting of an average of adding stonework and a flagstone or paver walkway, at least five flowering shrubs, one large deciduous tree and some stone planters added more than monetary value to the home, but also added Homeowner Bliss. The homeowners surveyed stated that they had the desire to be home more. This type of project is more costly than a simple lawn service, but it was described as “guaranteed to have a full return on investment”. The average renovation costing $4,750.00 and had an average return on investment at sale time of $5,000.00 or 105%
- A New Patio – New flagstone or paver patios are not as often recommended as
much as landscape renovations, due mainly to the fact that not all homes need a new patio. Those that did install new paver, flagstone or concrete patios say that it increased their enjoyment while being at home. The average cost for adding a patio was $6,400.00 with a return on investment of 102%, or $6,525.00
- A New Wood Deck – Only 4% of the realtors surveyed reported that a new wooden deck helped to close the sale, but 77% of homeowners said that it made them
happier while at home and made them want to be at home more. This was the most costly of the projects listed, at $9,450.00 but realtors reported it packed the most value punch. The average return on investment was $10,000.00 or 106% of investment recovered.
- Landscape Plantings Upgrade – 25% of the realtors reported that adding landscaping greenery (plants, shrubs, and trees) would elevate a simple yard’s curb appeal. On average, their description of adding an upgrade to landscaping plants consisted of adding 25 shrubs, 60 perennials, some natural edging (stone) and adding a boulder accent.
While each renovation will vary based on the size of property, location, and the current value of the property, there is no doubt that upgrading your home’s landscape plantings will go a long way to improve the curb appeal.
There are lots of ways to improve the curb appeal of your landscape, these are just the top five that the National Association of Realtors survey found the most helpful. Other things can help that are not so costly. Simply pruning the shrubs back to their proper size, mulching and edging the beds, pressure washing the home, driveway and walks, and keeping the lawn mowed will instantly improve the curb appeal.
If you need some help giving your home a curb appeal boost, give us a call for free estimates 731.642.2876