Curb appeal is what gives homebuyers their first impression of a property. It refers to the level of attractiveness one may feel when viewing a property from the street or in listing photos. A home’s exterior tells you what to expect on the inside and whether it’s even worth looking.
Even more, the pandemic-related restrictions have presented home sellers with new, unexpected challenges like open houses requiring buyers to spend longer periods of time (up to 30 minutes) outside before stepping inside! Therefore, the first impression of your property and its landscape has never been more important.
If you think of a property as an asset, not leveraging the outside means you’re not maximizing its potential profit. Taking action to renovate a tired landscape before your next open house could be the difference between selling at listing price or above asking. On the other hand, if you have just bought a new property and want to make a smart long term investment, landscaping will increase property value over time.
It is common knowledge that renovating a home before selling it can seriously improve its return on investment. However, people tend to focus heavily on interior renovations while undervaluing the effects of landscape modifications outdoors.
According to the Appraisal Institute of America, homeowners, “improving their property’s landscaping can result in significant return on investment when selling the home.” Even more, bigger spending leads directly into bigger returns for homeowners.
With so many ways to improve a front or backyard, the plant options and price range of solutions can fit a variety of budgets. For example, simply implementing a lawn care service can increase your investment by 267%. On the other hand, a well planned and executed outdoor space like an all season patio can increase the entire property’s value by 10% to 15% according to the director of content at real estate website Zolo.ca.
Keep in mind that when it comes to quality, finding the right team to help you is crucial. According to Money Magazine, properties with “excellent” landscaping can expect a 6-7% higher sale price than properties with “good” landscaping.
With the Metro Vancouver housing market heating up along with the weather, you can make a current listing price more competitive with landscaping. Over 90% of homebuyers view house listings online before considering a property. If a yard is lacking, it means that its listing photos are likely in a similar condition. Simply improving your curb appeal and listing photos could be enough to draw in more buyers, which means more opportunities to sell!
Listing for less is often not acceptable for homeowners planning to upgrade their current living situation. Landscaping services offer a convenient method to rejuvenate a property to be more competitive at its current listing price. A quick makeover with impactful results that don’t require much effort from the homeowner or realtor is a creative solution to solve this problem.