How Much Does Curb Appeal Affect Home Value?

How Much Does Curb Appeal Affect Home Value
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When you pass by an attractive home, sometimes you can’t help but slow down and admire its beauty. Even without seeing the interior, you can only imagine how amazing it will look. 

If you are selling or renting out your property, you will want to create this feeling in homebuyers and possible tenants to the extent that they compete to own or rent the property.

Homebuyers wouldn’t mind paying a higher price to own your property if you improve your exterior. You can increase your home’s value by 5% to 11% if you do this. This is according to statistics from a study conducted by Michigan State University. So it is a fact that if you improve your property curb appeal, your sale price or the rent you may charge for the property will increase.

The curb appeal of a property creates the first impression about it. Homes that have appealing exterior features do not stay long in the market. That is because this is the first area that people see before seeing the interior.

It is essential to use this opportunity to create a positive and lasting impression. Buyers and renters believe that if you can make the home’s exterior attractive and the property is well maintained, then the interior will be appealing as well.

If you purchased a property that lacks curb appeal, it is possible to improve the appearance and enjoy the beauty of your home. In this article, we will explain how curb appeal affects home value.

1. Landscaping

Landscaping is one of the best ways you can boost the curb appeal of a property. It entails having colorful flowers, a beautiful front lawn, freshly cut grass, a garden, and so on. Dead grasses and weeds will affect your landscape negatively. We recommend that you do the following:

  • Mow and weed your lawn.
  • Trim your trees.
  • Refresh the mulch around the bushes, flowers, and trees.
  • Consider eco-friendly landscaping such as xeriscaping, composting, local plants, and climate-friendly plants.

Do note to apply caution in your landscaping because a complex one can end up scaring away buyers. People want to buy a home they can easily maintain. In addition, the landscaping style and features you choose should blend with your neighborhood. 

A study by the Landscape Contractors of America shows that landscaping can increase the home’s resale value by 14%ยท In addition, you can sell the property six weeks earlier than others when you upgrade your landscape.

You can work with a reliable Landscaping company which will help you with you landscaping needs.

2. Update your roof

Roof replacement is an expensive project, but it boosts the curb appeal and value of a property. Depending on the material you use for your roof, the lifespan may be between 20-50 years. 

Homebuyers have sharp eyes on the roof. They will notice watermarks, growths, and missing shingles when they approach the property. We recommend that you replace missing shingles or flashings and repair other issues on your roof.

If your roof requires a replacement, the best option is to actually replace it. You can determine this by inviting professionals to assess your roof. After their assessment, they will advise you to perform either a partial or total roof replacement. Some roofing materials offer a high return on investment. The resale value can increase up to 105%.

3. Repaint the front door

The front door has exposure to outside elements. As a result, they experience frequent wear and tear. We recommend that you repaint the front doors with bold and matching colors so that they will attract buyers. Sometimes, the doors may not need repainting. In this case, all you need to do is clean it. This in itself is an inexpensive project.

In severe cases, the front door may be so deteriorated that painting it alone wouldn’t revive it. Here, you will need a replacement. Upgrading the front door to a steel one will boost the curb appeal. Doing this can give you a 90% return on your investment.

4. Clean your home’s exterior

The exterior part of your home has exposure to harsh elements such as rain, sunlight, snow, dust, and mud. For this reason, it is advisable to wash the exterior. You can power wash the windows, sidings, bricks, driveways, and sidewalks. Declutter the exterior and empty the waste bins. If your driveway is cracked or stained, we recommend that you fix the damage. 

For windows that are old and outdated, a replacement can make the difference. If your budget does not allow for window and siding replacement, then you can repaint them. Repainting the exterior walls of your home can create more effect on the curb appeal.

5. Upgrade your exterior lighting

Exterior lights create more impact on the property’s curb appeal, and they bring out the home’s beauty at night. You can install floor lamps to highlight the walkway. Doing this will add beauty and also improve safety by preventing people from tripping over.

The bottom line

Curb appeal adds so much value to a property. Always ensure that your upgrades have warranty plans. Buyers will be excited to know that some repairs and replacements have a warranty after purchasing the home.