Did you know that making a few outdoor improvements can add significant value to your home? However, not all improvements add value, and according to Forbes, paying for unnecessary improvements is one of the biggest and costliest mistakes a homeowner can make. Some outdoor improvements offer larger returns than others, and many of them can be done without breaking the bank.
Adding Value With Outdoor Improvements
Below are the top seven ways to upgrade your outdoor living space and add significant value to your home.
1) Lawn & Landscaping
One of the first things a person notices when looking at a house is the lawn and landscaping. And, while refreshing your lawn might not seem very important, it has been found that landscaping and lawns can boost your return of investment upwards of 300% or more.
Patchy and discolored lawns are an eyesore. Make sure your lawn is alive and thriving. Make sure you set up a consistent lawn care schedule-whether maintain your yard yourself, or pay someone to do it.
There are many low-maintenance ways to beautify your landscaping. Choosing native plants that thrive in your area are a smart idea and makes care for them easier. Adding mulch to beds or installing shrubs or flowers in decorative planters are simple ways to boost the value of your home.
2) New Patio
Installing a patio is the perfect way to add value to your home. Not only will it allow you to utilize your space for parties and get-togethers while you live in the house, but patios are highly sought after by those looking to purchase a home. According to a survey conducted by the National Association of Realtors, patios are among the top ten features buyers want when looking for a new house.
3) A Spark of Fire
Who doesn’t enjoy sitting around a fire with family and friends? Adding a fire pit or outdoor fireplace to your patio or outdoor living area will certainly add value to your home. An area for a fireplace or fire pit is one of the top trends and is the right decision. Not only will it offer plenty of use and enjoyment while you are living there, but will also give you a 78% return in your investment when you are ready to sell.
4) Just Add Water
Having a swimming pool is a must in the south, and installing or upgrading a pool is a very wise investment with a big return. If the space in your backyard doesn’t work well with installing a pool, or if you cannot afford one, adding a pond or fountain is another option to add water and value to your home. If you are thinking of adding a pool only to sell the home, save the money and look for less expensive ways to add water features to your yard.
5) Light the Way
Outdoor lighting doesn’t only add beauty and value to your home, it also creates a sense of safety for family and friends. Outdoor lighting creates ambiance and allows you to highlight certain areas of the yard. Many outdoor lighting sets run on solar energy and don’t affect your electric bill. Lighting helps to show off your garden at night, silhouettes your trees and adds significant value to your home.
6) Privacy Fences
No one enjoys being watched or exposed while relaxing in their backyard. Installing a fence around your backyard is relatively inexpensive, ensures privacy, and makes your space look complete. Fences are sought after and add significant value to your home. There are many varieties of fences in different heights and colors, depending on what fits in with your landscaping and yard design. A living fence is also an option and can be made with various shrubs and plants.
7) Outdoor Living Space
A Casual space to sit and converse and relax in your backyard boost value and is easy and inexpensive to do. Set up an outdoor seating area or have an outdoor kitchen installed. Buyers who do a lot of outdoor entertaining will be searching for a home with an outdoor living space already in place. Outdoor seating and living spaces are especially popular in Texas with our mild winters and gorgeous springs.
Adding Value to Your Home
When brainstorming for ways to add value to your home, make sure to choose projects that give you the largest return on your investment. Of all the improvements you can do on your home, updating and improving your outdoor living space is one with largest returns. Click To Tweet Make sure to come up with a game plan, and contact a reliable company when you are ready for larger improvements such as patios, waterfalls and outdoor kitchens.
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