You've probably heard the phrase “first impressions matter, and that's true, especially when selling a home. According to a study conducted by Michigan State University, a home with a landscape design and reduced effort on sight can increase the perceived value of a home by 5 to 11%. Curb appeal can also sell a house faster. You only have one chance to impress potential buyers enough to get them to walk through the front door.
However, increasing curb appeal doesn't just attract people. Adding curb appeal is a great way to increase the resale value of your home. Estimates vary, but in the area of St. Louis, for example, Hermann London real estate agents often see that the return on investment (ROI) in exterior improvements and landscaping starts at 150% and often exceeds it.
For a relatively low cost, you can increase the appraised value of your home with low-cost, high-yield investments in garden and outdoor improvements. Our Lake Country Flat Fee real estate experts know all about curb appeal and how much it affects anyone who sells or buys a home. Whether you're ready to list your house for sale or just want to know a little more about the curb appeal, we'll teach you everything you need to know. From “attractive exterior” to “open floor plan” and “natural lighting”, the real estate world is full of different buzzwords that seem to enchant them.
Homes are generally valued based on the condition and characteristics of the home's interior, making it difficult for financial institutions to measure exactly how much external appeal adds to the value of the property. When it comes to your entrance, you can invest more or less in its effect on your curb appeal. If you would like advice on improvements you can make to increase the attractiveness of your home, call us. If the house has no curb appeal or is not kept up to date, they probably won't even explore the other photos.
The reason why curb appeal is so important is the same reason it's important to make a good first impression. To get a complete picture of the attractive exterior of the house, drive down the street and take note of the first thing that stands out when you arrive. Therefore, if you want to maximize the value of your property, it's wise to focus on improving its curb appeal. It's important to understand that curb appeal isn't going to be the only thing affecting the current market value of your home.
This tells you the importance of curb appeal when it comes to the perceived value of your home, both inside and out. If a property looks the worst in a neighborhood, buyers may hesitate compared to other, more attractive listings. Making sure your home establishes an emotional connection with a buyer is just the first step when it comes to the importance of curb appeal.