What Landscaping Adds the Most Value?
What Is the Average Return on Landscaping?
Homeowners understand the value of curb appeal, but knowing which improvements offer the best return can be challenging. Fortunately, numerous resources are available to help homeowners navigate which outdoor projects provide the highest return on investment (ROI). Investing in landscaping projects not only enhances the beauty of your home but also increases its market value.
According to the National Association of Realtors study done last year, the top five projects that offer the best ROI are:
- Basic Lawn Care: Investing around $415 in basic lawn care, including six seasonal applications of fertilizer and weed control for a 5,000-square-foot lawn, can yield a remarkable 217% ROI. A well-maintained lawn provides a lush, inviting appearance that enhances curb appeal.
- Landscape Maintenance: Regular maintenance such as annual mulching, mowing, pruning, and planting shrubs and perennials offers a 104% ROI. Additionally, a comprehensive landscape upgrade that includes these elements can achieve a 100% ROI. Consistent landscape maintenance ensures your yard remains attractive and healthy throughout the year.
- Overall Landscape Update: Upgrading walkways, planters, and shrubs can provide a 100% ROI. These enhancements create a cohesive and aesthetically pleasing outdoor space that can significantly increase the overall appeal of your property. Well-designed pathways and planters can also add functionality to your landscape.
- Outdoor Kitchen: An outdoor kitchen featuring an inset grill, stainless steel drawers, an ice chest, a sink, and a 60-square-foot concrete countertop with veneered stone can yield a 100% ROI. This addition not only enhances the functionality of your outdoor space but also provides a luxurious touch that appeals to potential buyers.
- New Patio: Installing concrete pavers over compacted gravel for a new patio can offer a 95% ROI. Beyond the financial return, a new patio provides a versatile outdoor living area that enhances your enjoyment of your home. It’s ideal for hosting guests or just relaxing with family.
Investing in these top outdoor projects can greatly increase your the curb appeal and market value of your home.
If you have a significant landscaping vision, consider discussing your plans with a professional to explore financing options. Joel Richardson and his team are here to help you navigate the best ways to finance these projects, ensuring you get the most out of your investment. Contact Joel today to discuss your plans!
