If you are considering selling your home in the future, one definite way to improve its value is by investing in your landscape. In fact, a recent study by RealEstate.com reveals that creating outdoor living spaces can deliver a return on investment (ROI) as high as 150 percent. According to an article in Turf Design Build, that’s more than any other type of remodel or home improvement project will bring you, including major kitchen and bath remodels.
The 2015 survey goes on to show that a homeowner who invests in outdoor living can expect an ROI anywhere from 60 cents to two dollars for every dollar spent. A landscape design update can add up to 14 percent to your home’s resale value.
While renovating your landscape is mainly about allowing you to create the perfect living spaces for you, the added benefit of increased resale value is enough to make backyard design projects worthwhile if you’re on the fence about it or unsure where to begin with home improvements.
The most popular landscape design projects for improving curb appeal and increasing your home’s value are the ones that help to extend your home’s living spaces. They typically feature hardscapes like:
RealEstate.com’s findings are backed by reports from the American Institute of Architects, which reveal that seven in 10 architects has noticed the growing trend in outdoor living.
Behind landscape design, other big ways to increase the value of your home include indoor projects ranging from basement remodels to attic bedrooms to minor kitchen remodels.
Updating your landscape and adding living spaces and hardscapes to the design can provide you with areas of ultimate enjoyment while increasing the value of your home if you decide to sell it in the future. Whether you already know you will one day be moving or you’ve been debating the value of a landscape update, investing in luxury landscaping today will more than pay for itself tomorrow.
At Botanical Decorators, we specialize in luxury landscaping for residences in Maryland, Virginia, and Washington, DC and have won various awards for our work. We can help you increase your home’s value with entirely custom designs built around your needs and lifestyle. Request your consultation to get started!