When it comes to selling your home we often think about staging the interior. But what about the exterior? A first impression is everything, especially to prospective buyers. The Financial Post’s Larysa Harapyn met with HGTV host Carson Arthur to get some tips on curb appeal. And why painting your front door and planting those perennials can help to seal deal – and put some extra cash in your pocket.
I have a little confession to make…I have a lot of stuff that I plan to get to, but never really do. Unfortunately, all of these half-started projects end up in my garage.
Luckily for me, I am not alone in this dirty little secret. More than 70 per cent of Canadians admit that they can’t park their car in the garage because it has become the default spot to store all of their awkward items like ladders, wheelbarrows and garden hoses. What make this even worse, according to new online research, 74 per cent of new homebuyers are looking for a garage too. Is this a potential epidemic? While not likely, this is the perfect time to get motivated and do something about it.
The question of the day is how much does landscaping really impact the value of your home? When it comes to the outdoors, spending money on renovations has never been so imporant or so confusing. So where should you spend your outdoor renovation budget?
When it comes to outdoor renovations, I’m a pretty positive guy. I know that value of landscaping is finally get recognition by homeowners and that people are more confident than ever to spend money improving the outside of their houses.
That said, not every outdoor improvement increases your property value. For years we’ve been told that swimming pools lower the value of your property. While this is no longer true, there are several landscaping choices that won’t show the return on the investment when its time to sell.
Forget about those kitchen and bathroom renovations, outdoors is where the real money is, according to landscape designer Carson Arthur.
“If you can expand your living space and provide more usable space outdoors, you can increase your home’s value in a way that you can’t do it with a major kitchen renovation,” said Arthur, the celebrity headliner for the Garden Stage at next week’s Edmonton Home + Garden Show.
“We now know that when it comes to return on investment, and the best return on your money, outdoor renovations have passed large scale kitchens and bathrooms,” said Arthur. “You make more money by putting a beautiful deck in or increasing your outdoor living space than you do by spending a huge amount of money on the kitchen.”
While the thermometer suggests otherwise, spring officially begins next week — and that means it’s time to start thinking about outdoor renovations. From patios to decks to garage makeovers and the ever-elusive curb appeal, Carson explains how to get the best return on your renovation dollar.
People start to assess your house based on the very first glance they get of your home. Even if you are not selling today, tomorrow or in 5 years, making the best first impressions will ensure that you get top dollar when the time is right!
Even if we are currently in sellers market, maximize your dollars by improving the front of your home is always important! Why sell your home for less?
Real Estate experts agree that the first impression of your home can either improve or reduce the perceived value of your property by up to 8%. Even if you are confident in selling your house because of demand, why not invest a little extra in the front yard to increase your returns?
A good deck can increase a home’s perceived value by up to 10 per cent by increasing the available living space according to several sources including the Gallop Organization. If you can rely on a 10 per cent increase to your home’s value by adding a deck, you now know exactly how much you can spend when creating useable space in your backyard.
I am one hundred percent committed to the belief that an amazing backyard is built around the useable space. For all of the gardeners out there, I will concede that plants are an important ingredient to a harmonized yard but if you don’t have a spot to sit outside with family and friends and enjoy them, then those blooms are a wasted opportunity.
When it comes to creating useable space, I tell homeowners that while there are so many options out there, it ultimately comes down to one of two choices: Deck vs. Patio.
As real estate agents continue to analyze the value of our homes, trying to squeeze every last dollar out of them, the front yard continues to be one area that should get a lot of attention when it comes time to sell.
Online and business experts place the value of the front yard at somewhere between five and eight per cent of you entire home’s worth. This is because curb appeal is the number one contributor to first impression value, which everyone agrees can either help or very much hurt your home’s chances of selling for top dollar.
Recently I was asked to do a front yard makeover on my good friend Tracy Moore’s (host of Cityline) urban home.