Curb appeal is one of the foundational concepts in real estate. Visual appeal is especially important these days when having attractive photos online can increase interest. For a given home, increasing curb appeal may depend on successful outdoor remodeling projects.
According to “Remodeling Impact Report: Outdoor Features,” a recent research report from the National Association of REALTORS®, homeowners make outdoor improvements primarily for their own enjoyment. At the same time, 92% of REALTORS® recommend increasing curb appeal before listing a home for sale.
The research showed interesting differences between the “joy score” for improvements and how much of the cost was recouped in a home sale. For example, sellers recovered 100% of the cost of installing an outdoor kitchen even though it garnered a joy score of 9 out of 10 (the lowest listed ranking).
This winter, as you work with sellers, prompt them to think about tackling some outdoor improvements in the spring. They could help boost the home’s value.
Photo: iStock.com/Jular Seesulai
