As a realtor, I see firsthand the power of curb appeal. It's the first impression your home makes, and it can significantly impact how quickly it sells and for how much. But what are the best ways to invest in your outdoor space for maximum return? Based on the latest data from the National Association of REALTORS® and the National Association of Landscape Professionals, here are 5 outdoor projects proven to pay off big time:
- Standard lawn care: 217% ROI (percentage of value recovered)
Believe it or not, a well-maintained lawn can be more than twice your investment! Invest in regular care (fertilizing, weed control) and watch your investment double!
Cost estimate: $415
Estimated cost recovered: $900 - Landscaping makeover: 104% ROI
A professional touch-up with mulching, mowing, and vibrant plants can work wonders. A well-maintained landscape says "welcome" to potential buyers.
Cost estimate: $4,800
Estimated cost recovered: $5,000 - Outdoor Kitchen: 100% ROI
Imagine the "oohs" and "aahs" from buyers when they see a dreamy outdoor kitchen complete with a built-in grill, drawers, sink, and countertop.
Cost estimate: $15,000
Estimated cost recovered: $15,000 - Curb appeal: 100% ROI
They say you never get a second chance at a first impression, and your front yard is your chance to shine! Invest in a natural flagstone walkway, colorful planters, and a majestic tree.
Cost estimate: $9,000
Estimated cost recovered: $9,000 - New patio: 95% ROI
Who wouldn't crave a relaxing patio perfect for entertaining? Imagine the barbecues, game nights, and stargazing sessions you can enjoy, while also increasing your property's appeal to potential buyers.
Cost estimate: $10,500
Estimated cost recovered: $10,000
Remember, these are estimates, and actual results may vary. But one thing's for sure: investing in your outdoor space can be a smart financial decision that pays off when it comes time to sell.
Bonus Tip: Consult your local realtor for personalized advice on which projects will yield the best results in your specific market. Happy selling!
