If you’ve been paying attention to the real estate market in the last year, you’ll know home prices are soaring through the roof and buyers are in a frenzy to find a new forever home. While there’s a relatively good chance you’ll get a favorable price for your home thanks to the current market conditions, any experienced real estate agent would suggest some home improvements before staking a ‘For Sale’ sign up in your yard. Improving your curb appeal improvements will not only garner more money for your property, but it’ll also keep your neighbors happy and your neighborhood desirable. Not to mention, first impressions are key in the housing market, so the importance of curb appeal cannot be overstated.
If your looking for tips on where to get started, keep reading to see what top realtors say will garner the highest return on investment and about Curb Appeal Improvements.
Increase the value of your home with these high ROI projects
When you renovate right before selling your home, return on investment is the most important factor to consider. According to HomeLight’s Top Agent Insights for New Year 2022, most buyers will spend about 7% more on a property with great curb appeal than they would on a home with a less-than-desirable exterior.
Most real estate agents recommend that homeowners spend about $3,467 on curb appeal projects prior to putting their homes on the market. While that may seem expensive, top-notch curb appeal will yield around $11,718, a 238% return on investment.
The best curb appeal projects to tackle are the simplest. Basic yard care maintenance and applying fresh mulch to your exterior will yield the highest return on investment collectively, adding about $4,500 to your home despite the relatively low costs.
Once those projects are done, consider adding a new garage door, painting your home’s exterior, and upgrading your landscaping with a new walkway, flower bed, and shrubs.
COVID-19 brought front porches back into style
While front porches might not have been as popular before the pandemic, they’re now extremely desirable among buyers. After stay-at-home orders and nationwide lockdowns, homeowners desperately need both indoor and outdoor space in their new home, so front porches are sure to please.
And just think — while you’re waiting for your home to sell, you’ll get to enjoy relaxing mornings on your front porch, sipping coffee and waving at your strolling neighbors.
Think simply on a tight budget
While many homeowners think buyers on the search for a new home are looking for immaculate home amenities, it’s the simplest things that please the most.
If you don’t have the budget for large outdoor expenses — like adding a new front porch — consider some simple projects. Give your front door a new coat of paint, plant some colorful flowers in the garden, and keep the yard freshly mowed. You should also consider some small investments, like purchasing a new modern mailbox or prominent house numbers that’ll make your home stand out from the rest.