Improving curb appeal is a top priority for sellers, with 92% of REALTORS® recommending it before listing their homes for sale, as per a survey conducted by the National Association of REALTORS® and the National Association of Landscape Professionals. While the results may vary based on specific markets and projects, the 2023 Remodeling Impact Report highlights the estimated cost recovery for the top outdoor remodeling projects. Landscape professionals provided the cost estimates, while REALTORS® from NAR determined the estimated cost recovery.
1. Standard lawn care service: 217% cost recovery
Project: Complete six standard seasonal applications of fertilizer or weed control on a 5,000 square feet lawn.
Cost estimate: $415
Estimated cost recovered: $900
2. Landscape maintenance: 104% cost recovery
Project: Includes mulching, mowing, pruning shrubs, and planting approximately 60 perennials or annuals.
Cost estimate: $4,800
Estimated cost recovered: $5,000
3. Outdoor kitchen: 100% cost recovery
Project: Install an inset grill, stainless steel drawers, ice chest sink, and concrete countertop with veneered masonry stone.
Cost estimate: $15,000
Estimated cost recovered: $15,000
4. Overall landscape upgrade: 100% cost recovery
Project: Involves installing a front walkway of natural flagstone, adding two stone planters, five flowering shrubs, and a 15-foot-tall tree.
Cost estimate: $9,000
Estimated cost recovered: $9,000
5. New patio: 95% cost recovery
Project: Includes the installation of an 18-by-16-foot concrete paver patio in the backyard.
Cost estimate: $10,500
Estimated cost recovered: $10,000
It's important to remember that these figures are estimations and may vary depending on location and other factors. However, investing in these outdoor projects can significantly enhance the appeal of a property and potentially lead to higher returns when it's time to sell.
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