Are you trying to figure out how to increase your home value? In recent years, homeowners haven’t had to do much to achieve this goal. Home values went up across the board, and many homeowners were able to benefit from it greatly. But according to a recent report, home values are expected to stabilize across the country soon. It could make it challenging for you to find effective ways to increase your home’s value.
One good way to give your home’s value a boost might be by putting together thoughtful landscaping and outdoor spaces outside your home. They could potentially help make your home more aesthetically pleasing and provide your family with more room to spread out while also increasing your home’s value dramatically. Here are a few ideas you might want to put to good use.
Give Your Front Yard Landscaping a Makeover
According to a recent survey, many say they value curb appeal above all else when shopping for new homes. Younger home buyers, in particular, cite curb appeal as one of the things they consider most when thinking about buying houses. If your home’s curb appeal is lacking now, fixing that will be the key to increasing your home’s value quickly. An effective way to do it is by giving the landscaping in your front yard a makeover.
To start, you should tear out any existing landscaping features you have in the front of your home that have seen better days. You should also mow your lawn and trim any overgrown trees. From there, you can begin to plant small trees, shrubs, bushes, flowers, and other landscaping touches to make the front of your house look its best. Aim to plant greenery that will be easy to maintain so that it’ll look great for months and even years to come.
Put Up a New Fence Around Your Backyard
Once you have the front of your house under control, set your sights on making improvements to your backyard space. If you don’t already have a fence set up around the perimeter of it, putting one up can work wonders for the look and feel of it. You can make your backyard so much more private with the right type of fence built around it.
Installing a new fence around your backyard will also do more than just improve its appearance and provide more privacy. It’ll beef up the security of your property, too. This alone can help to send your home’s value upward.
Create the Perfect Patio or Deck Area
When Americans are brainstorming home remodeling ideas, they’ll often try to come up with ways in which they can entertain others better on the insides of their houses. They will, for example, create open-concept floor plans because they like the idea of hosting family and friends in large, open living areas. Why not take this same approach to revamping the exterior of your home?
If you don’t already have a patio or deck in your backyard, you’ll be able to get a lot of bang for your buck by adding one. Recent surveys have suggested that almost 90% of homeowners admit to not being completely happy with their outdoor entertaining spaces. Strive to change this if you fall into this category. It’ll give you a better place to entertain guests in your backyard while also increasing the value of your home in the process.
Have a Swimming Pool Installed
Of all the outdoor living space ideas on this list, this one is likely going to cost you the most money. Installing an inground swimming pool is typically going to cost tens of thousands of dollars. You’ll also need to surround a new pool with things like a patio and additional landscaping, which can increase your costs even more. It could, however, be well worth it in the end.
Some people are under the impression that adding a swimming pool to their property isn’t going to do much for its value. But many real estate experts argue that pools can improve home values by as much as 8%. As long as you choose the right type of pool, make it the right size, and hire the right company to put it in place, it can have a positive impact on your home’s value.
See Home Value Spike Following the Right Outdoor Improvements
If you’ve made it your mission to increase your home’s value, you shouldn’t focus exclusively on trying to improve the interior of it to reach this goal. Search for ways to improve the exterior of it as well. It’s a reliable way to send your home’s value soaring without having to disrupt the inside of your home. It’s also a fantastic way to make the exterior of your home more beautiful and functional for your own enjoyment!