A newly released Houzz Survey indicates that up to 50% of U.S. homeowners plan to remodel within the next two years to add value to their homes – and this time, they’re thinking outside the box.
A press release article from EP Henry cites a study by RealEstate.com, which underlines the fact that landscaping and hardscaping can deliver a return on investment as impressive as 150 percent, making landscaping projects a top priority on the Home Reno To-Do list.
“When I bring a buyer to a home that features state-of-the-art landscaping and elements like a fire pit and high-end pavers, there’s an immediate assumption that the inside of the house will be as spectacular as the outside,” said John Duffy of Duffy Real Estate. “Now we have research that shows that homebuyers will pay a premium for a nicely landscaped property, particularly one that features elements like an outdoor fireplace and finishes in stone or brick.
“The new mantra in home buying is location, location, landscape.”
RealEstate.com goes on to provide some impressive data: for every dollar spent remodelling a yard or outdoor space, homeowners can expect to get back 60 cents to two dollars… A pretty great return, considering they’re not accounting for the hours of relaxation spent outdoors (think of it as saving on spa dates!). On a $500,000 home, that’s up to 14% of the home’s resale value, or close to $75,000.
The most in-demand items when it comes to your backyard oasis?
- Outdoor fireplaces or fire pits
- Covered outdoor dining areas and outdoor kitchens
- Stone veneer sitting walls
- Patio pavers
Basically, the trend seems to lean heavily towards making the yard an extension to the house; an addition without fewer walls, and no roof. And homeowners are turning towards experts in the field for answers; the Houzz survey indicated that 70% of homeowners hire a landscaper or a landscaper architect – a huge turnaround from the DIY mind-set of the earlier 2000’s.
Contact us today at 1.999.9PLANTE or 1.888.975.2683 to book your project consultation at our Client Centre and discover how the Plantenance team of landscape designers and craftsmen can create your perfect outdoor living space.