Adding value to a home is every homeowner’s dream. A home is an asset with the potential to bring a return on your investment. If you have the time and money, then there are loads you can do to spruce up your home’s interior and exterior for very high yields.
Not all home projects need to be linked to a super high ROI, so don’t feel pressured to calculate every move. Remember that the best use of your money on home projects should contribute, even minimally, to boosting your future house sale.
Landscaping is a great way to draw prospective buyers in to get them to pay the listed price. It’s your house introducing itself to its probable new owner, and you should make a good impression. There are various landscape improvement options you can look up and, depending on your budget, style, current appearance, space, and local regulations, decide which you like best. The following three are a sure bet!
1. Adding a Swimming Pool
A swimming pool is more than a fun, decorative project. It can be a real value addition to your home. The Association of Pool & Spa Professionals (APSP) reports that, in the U.S., there are 10.4 million swimming pools in residential homes. If you look at the market closely, then you’ll discover that homes with pools fetch a higher price than those without. Residential pools are considered luxurious.
Real estate professionals, according to HGTV, suggest that having an inground pool measuring about 14×28 feet can increase your home’s value by between 5 and 8 percent. So, if your property’s value is $400,000, then you could enjoy a significant boost of between $20,000 and $32,000.
Don’t add a pool mindlessly, though. Consider your location, budget, state regulations, and local market trends. Suppose you live in a neighborhood where everyone’s got a swimming pool on the property. Not having one in this instance will hurt your home’s value. Again, having a pool will attract prospective buyers’ attention if you live in warm places like Arizona or Florida.
2. Planting Some Shade Trees
People spend a lot of money on their gardens and lawns without realizing they’re improving the value of their homes. The National Association of Landscaping Professionals reports that, in 2018, American gardeners spent as much as $47.8 billion on lawn and garden maintenance.
Trees are among the best things to add to your lawn. It’s more than just adding some green to your outdoors. Tree planting and management is an art! You’ll probably need to hire an arborist and a landscaper to help choose the trees to plant and how to arrange them strategically. Unlike most other purchases, such as outdoor lighting and fountains, trees will not lose value with time or go out of style. Based on a report by HiEstates, healthy trees, strategically placed, can raise your property’s value by $9,000.
3. Adding a Fire Pit
Bob Vila reports that one can add up to 20% value to their homes by incorporating a good landscape design. A fire pit is always a win, especially if you want to add a touch of great design to your home! Recently, fire pits have become a staple for landscaping designers trying to achieve ambiance, warmth, and versatility in outdoor spaces. You can’t have a fire pit in isolation; you’ll have to add a sitting area, a barbeque area, shade, lighting, and other accessories that make an outdoor fireplace the best thing ever!
Here’s a caveat: Not all fire pits are built equal. Get a customized one that suits your taste, home, and local market trends. Some common fire pits include classic woodburning, sleek glass fire pits, charming chimineas, tabletop fire pits, fire pit rings, built-in fire pits, smokeless fire pits, and fire pit tables. They come in different shapes and sizes; you can pick whichever you fancy.
Landscaping projects are not a one-size-fits-all affair. You have to study the market trends in your area and consult experts so you don’t spend your money on projects that won’t make a positive price difference should you decide to sell your home. Don’t forget to complement your landscaping projects with indoor projects so everything ties in together perfectly. Do it systematically instead of waiting to sell to jump into crash landscaping projects. It’s always better to keep your home market ready.
