According to Mark Munley, who is a vice president of sales and marketing for Firestone Specialty Products, "Landscaping and the appearance of your yard is a critical point to making your home stand out in today's market."
Selling your house will be more struggling if the exterior design has already failed to captivate a potential buyer. Regardless of how big you invested, time, money, and effort you've spent into constructing and organizing the inside. Adding an outdoor water fountain is one method to entice a potential buyer through the exterior. I've listed some of the outdoor features that add value to your home to attract purchasers.
You don't have to be disheartened by today's excessive renovation prices because something as simple as installing an outdoor water feature is simple and inexpensive. In high-end communities where costly landscaping is the norm, it may increase your home's worth to the top of the price range, according to John Bredemeyer, a spokesman for The Appraisal Institute.
Clemson University Professor Mark S. Henry published a research report claiming that even a minor improvement in the quality of your home's landscaping might boost the resale value by about 7%, with little financial investment. The bigger your investment in landscaping, the higher the reward. A home's garden space is closely connected to its overall appeal and can significantly impact a buyer's opinion of a property.
Installing an outdoor kitchen enables more elegant and ambitious hosting than the conventional backyard barbeque. Outdoor kitchens are becoming increasingly popular, and experts in the field think that they significantly improve the value of a property. According to Absolute Outdoor Kitchens research, homes with an outdoor kitchen have a higher ROI(100-200%) than those without one.
Adding a screen room to an existing porch or deck is a worthwhile upgrade. Screen rooms are one of the most cost-effective ways to enhance square footage and perhaps home value. According to Remodeling Magazine's 2020 Cost vs. Value Report, when it comes time to sell, a 50 percent return is attainable. Build a screen room beneath an existing deck or create it from the ground up. The price of a screen room varies depending on its size and the features that you add.
In 2019, Zillow estimated a 4.1 percent premium for properties with solar versus ones without. Solar panels provide another long-term financial benefit in addition to decreasing your power bill, and they can increase the value of your property. Homeowners that own solar panels outright, on the other hand, receive a higher return when it comes time to sell.
Increasing the value of your house's exterior is not just an excellent method to establish a higher asking price. It's also a practical way to attract prospective homebuyers through the front door to see the remainder of your lovely property. A great rule of thumb is to look at your home's outside and determine what to update. After you exhaust that list, consider what your home's exterior lacks that might increase its worth if you add it.