Contemplating ways to build equity in your home? Thinking that a bathroom or kitchen remodel might be too overwhelming physically and/or financially? You may want to consider stepping outside your home for a great area to get a fantastic Return on your Investment. (ROI) While some remodelling projects add more value and allow for a better recoup of cost than others, recent studies show that landscaping of your home is one of the top places to Build Equity in 2015.
What does the research show ?
- According to REALTORS, landscaping and exterior improvements will prove to be one of the most valuable improvement projects this year. As reported in the 2015 Remodeling Cost vs. Value Report, Realtors reveal that exterior improvements are able to show off the attractiveness of the house (curb appeal) as well as add value to the overall appraisal of the home.
- Money Magazine did an extensive investigation into the value that landscaping adds to a property and determined that well done landscaping enhances sales appeal, increasing the actual speed of the sale.They found that landscaping can bring a recovery value of 100 to 200 per cent at selling time. In addition this study has shown that poor landscape design can decrease property values by up to 10 per cent. What better reason to invest in your property now and enjoy the benefits of an enhanced outdoor lifestyle?
- The University of Florida Study on landscape design adds that there are additional non-monetary gains a quality landscape investment provide. Some of those benefits include: lowering noise levels with bushes and plantings, blocks unpleasant views, lowers heating and cooling costs by providing shade and plating coverage, improves home appearance and optimizes the use of land and outdoor space.
Consult Pro-Tech to discuss what improvements you can make to build equity in your home.