Depending on the local housing market, a few outdoor upgrades and additions could increase the value of your property by thousands of dollars and make your home stand out from all of the other listings. If you are trying to sell your home as quickly as possible, then take a look at these three outdoor updates that might attract more motivated buyers.
Start Planting Trees
Many homeowners are surprised to hear that trees are one of the few things that actually appreciate in value over time. Almost any other update you make to your backyard will begin to depreciate from the moment that it is installed. In some areas, a few mature trees can increase the value of a home by as much as 19 percent. Buyers love landscaping, but large lawns that are devoid of trees often seem bland and sterile. For those who want to sell their home as quickly as possible, planting younger trees in large pots is a great alternative.
When you are deciding where you should plant trees, you need to think about the angle of your home. In the correct position, a tree will act as a barrier between your home and the sun. That can substantially reduce the energy bills during the warmest months of the year.
Design A Full Outdoor Kitchen
Designing and installing a full outdoor kitchen can be a relatively large investment, but it will also make your home stand out from almost any other piece of property on the market. An outdoor kitchen can be as simple as a built-in grill and a small refrigerator, but you might want to consider making it a bit more lavish. Investing in nicer brands and materials could increase the value of your home by an incredible amount, and it will give you a unique feature to show off to interested buyers.
When you are designing your outdoor kitchen, you must think about a few logistical issues. Most homeowners will need to run multiple lines out to the kitchen including a gas line, water pipes, a sewage line, and electrical wires. Before you do any demolition or digging, you must first contact your local utility companies and ask about buried wires. Hitting a city line is extremely dangerous, and a single mistake could end up costing you thousands.
Have A Spa Installed
Installing a spa is one of the most effective ways to turn a bland backyard into a luxurious getaway. Modern spas are more eye-catching than ever, and they can be made from a wide variety of beautiful materials. During this process, you need to consider exactly what type of spa you want to have installed, the spa chemicals needed to maintain the spa, and how it will affect your property value. “Portable” spas that require little or no installation are generally referred to as personal property, and that means they won’t add any value to your home. If the spa is built-in, then it should add at least some value to your home.
Much like your outdoor kitchen, you will need to carefully consider potential logistical problems such as running water and electrical lines to your spa. Depending on the location of the spa, you might also want to install a nearby storage locker for cleaning chemicals and other supplies.
Backyard upgrades can be great investments, but you need to be sure that all of your home projects are carried out by certified and insured contractors. Failing to adhere to local building regulations could end up costing you thousands of dollars in fines and make it nearly impossible to sell your home. A dangerous addition will also drive your property value into the ground right as you are trying to sell your home.