Landscape upgrades can be a great way to invest in increasing your property value if that is one of your goals. We’ve worked with many clients who have invested in the landscaping of their homes to help increase property value potential as much as possible. In a competitive real estate market like Calgary’s, landscaping upgrades can positively impact your home’s property value – and help your house stand out to potential buyers.
Here are three ways hardscaping and landscaping upgrades can help boost your property value:
- Return on the Investment in Your Great Outdoors: According to a recent study from REMAX Canada, over half of Canadians see landscape upgrades as one of the best renovations to yield a strong return on investment. That makes landscaping one of the more lucrative home improvement projects you can do. In fact, HGTV has shared that landscaping can help you recoup up to 100% of the costs, highlighting that adding a new deck, porch, or patio can yield up to a 90% ROI.
- Buyer Interest in Good Curb Appeal: A recent study found that 75% of homeowners wanted a home with strong curb appeal, and new generations of buyers “are more likely to cite curb appeal as a reason for buying a home.” This highlights the importance of an attractive, well-maintained (and easy to maintain!) yard – and an opportunity to improve your home’s resale potential.
- Market Value Increase Potential: According to BankRate.com: “The American Society of Landscape Architects (ASLA) claims professional landscaping can increase a home’s price tag 15 percent to 20 percent more at the time of resale.” One of the easiest ways to do this is by adding more trees, which, according to Money.com, can add anywhere from 3.5%-15% value to your home. This means that outdoor upgrades are a real opportunity to help your home stand out in Calgary’s real estate market.
From new sod and a couple of trees to full construction of decks, patios or fences – making a few upgrades to your outdoor space can help create an opportunity to help your home stand out more to potential buyers in the market (plus you get to enjoy it until you decide to sell, too!). Curious about what would work for your yard? Connect with us for a free consultation.
Sources:
https://blog.remax.ca/canadian-real-estate-renovation-trends
https://www.hgtv.com/lifestyle/real-estate/10-steps-to-boost-your-home-value
https://www.marthastewart.com/curb-appeal-most-important-to-home-buyers-study-april-2023-7481435
https://www.bankrate.com/homeownership/landscaping-increase-home-value
