Outdoor Projects that Provide the Most ROI
The outside of your home is the first thing that potential buyers see, and you don’t get a second chance at a first impression. If you’re interested in giving your home’s exterior a facelift, you’ll want to consider what projects would be the most beneficial to the value of your home. These projects will positively impact your home’s aesthetic and provide maximum ROI (return on investment). Before you start any of these projects, consider your budget and goals. As a rule-of-thumb, you should spend around 10% of your home’s total value on landscaping and hardscaping. So if your home is valued at $300,000, a good amount to spend would be $30,000. OUTDOOR PROJECTS WITH MAXIMUM ROI: Low-Maintenance Water Features A common misconception about outdoor upgrades is that a pool is the most beneficial project. This is inaccurate, as pools are a very expensive addition and many buyers don’t want to have the commitment of poolcare. Smaller water features are often a better bet. Consider adding a small, low-maintenance pond or fountain to your yard. Fire FeaturesFire pits are very attractive to buyers as they add a natural feel to your yard, and create a focal point for gatherings. A stone fire pit is actually rather easy to install, long-lasting, and easy to remove or upgrade if needed. They are also relatively inexpensive and require little upkeep outside of occasional cleaning. Paving Stone WalkwaysWalkways are a safe bet for valuable property addition because they make it easy to navigate through the backyard without having to step on grass or mud. It’s also very important to fix existing cracks or unstable stone/pavement for safety reasons. Power washing the driveway is a quick alternative to pouring new pavement that will make the home’s exterior look and feel new without breaking the bank. PatiosCreating more usable outside space will boost your home’s value as buyer’s gravitate towards homes with outside space to sit with family and host friends. To maximize ROI install a low maintenance stone patio just big enough to fit a table and chairs. Don’t spend money on customizing this patio too much, the buyer’s will do this to match their preferences. Trees + ShrubsTrees + shrubs are easy, low cost to install, and instantly upgrade the appearance of your home’s yard. They also can act as more cost effective fencing, increase privacy, and may even act as a sound barrier if your home is near a busy street. Also make sure the grass in your home’s front yard is fresh, green, and free of weeds or dry spots. This can defer some buyer’s immediately as they may assume the home is not well kept all-together. FencingHigh-quality fencing can go a long way towards your home’s overall value. The key is choosing a material that will last and resist corrosion. Consider PVC, wrought iron, or cedar. Not having fencing can sometimes be a deal breaker to buyer’s with children + pets, or buyer’s who just value their privacy. LightingIn-ground recessed lighting is relatively inexpensive, subtle, will make your home feel more luxurious, and make your home stand-out + more usable at night. Buyers will gravitate towards your home because of the security and visual appeal the outdoor lighting provides. Solar powered lights are also a great low maintenance option.
5 Ways Sellers Can Succeed in a Shifting Market
With a decrease in buyer demand, sellers are beginning to question if they can successfully sell their homes quickly + for top dollar. Growing inventory combined with rising interest rates means we are seeing less market competition than we have for the last 2 years. However, sellers can still achieve their real estate goals. Sellers can be successful if they stay on top of market conditions and correctly navigate any changes. If you’re looking to sell, follow these tips to position yourself for success so you do not leave money on the table. ACHIEVE SUCCESS. GET YOUR FREE GUIDE TODAY!
Thinking of selling? YOU’RE IN LUCK!
Thinking of selling? YOU’RE IN LUCK! Hire the team that will strategically prepare and effectively market your home to sell QUICKLY + FOR TOP DOLLAR! Our proven approach for listing and selling homes is designed to strategically create a sense of urgency and competition amongst buyers. LUCIDO LISTING BLITZ™ A seller plan PRE-MARKET | Best On The BlockWe provide a professional staging consultation and professional photography to help make your home the best on the block in preparation for today’s market. We can also place a Coming Soon sign in your yard to create interest and generate buzz about the upcoming listing. DAY 1 | Active ListingWe strategically put your home in the MLS on Thursday, so that it has plenty of time to appear on third party sites and alert buyers about the weekend Open House. DAYS 2-3 | Aggressive MarketingWe market and expose your home and Open House to millions of people through our extensive advertising campaigns comprised of digital, social, geo-targeting, eblast, signage, direct mail, and more. DAY 4 | Open HouseWe hold the Open House not only to give potential buyers an opportunity to view the home, but also to create a sense of urgency and motivation. DAY 5 | Negotiations To SoldMultiple offers create bidding wars, so we wait until after the Open House to review all offers and ultimately negotiate the best outcome for you. *While successful, our 5-day listing plan is a strategy, not a guarantee. We sell a home every 3.8 hours, but our real estate business isn’t just about transactions; it’s about the relationships we build and the clients we serve. Our goal is to deliver the ultimate real estate experience by providing incredible value and exceptional service. That’s why when you buy or sell a home with us, you don’t just get one agent; you get our entire team of real estate professionals working to serve and guide you through every step of the process. Let’s chat! Contact us today to learn how the Lucido Listing Blitz™ can get your home sold in 5 days!
Categories
Recent Posts
