The Importance of Good Curb Appeal
When it comes to real estate, it’s not just what’s on the inside that counts. If you’re interested in buying or selling a home, you’ve likely heard the word “curb appeal” tossed around a few times. Curb appeal refers to how attractive or unattractive a house appears from the street. Factors that affect a home’s curb appeal include landscaping, your driveway, your home’s paint, outdoor fixtures, and, essentially, any external feature of your home that is visible from the street. The following points serve to highlight the importance of good curb appeal and explain why you should make it a priority.
It Will Increase Your Home Value
A key reason that good curb appeal is important is that it can significantly affect the value of a home. According to a recent study conducted by the Journal of Real Estate Finance and Economics, as cited by The Wall Street Journal, curb appeal can influence the value of a home by seven to 14 percent. The research showed that similar homes in the same neighborhood sold for seven percent more if they had excellent curb appeal.
In slower real-estate markets, that number jumped to 14 percent as buyers had the time and freedom to be pickier with their home-buying choices. As such, the curb appeal of one’s home can clearly have a substantial impact on how much they can realistically sell it for when the time comes.
It Will Make Your Home Easier To Sell
Unless you plan to live in your house for the rest of your life, it’s a good idea to make an effort to improve its curb appeal. Doing so will likely make the process of selling your home a lot quicker and smoother when you’re ready to move.
Even if your home is breathtaking on the inside, many people may not make it past the front door if the outside looks rundown and unappealing. As such, you’ll likely have a hard time selling. To entice buyers to take a step inside and give your house a chance, you’ll want to make a good first impression by sprucing up your home’s exterior.
It Makes Your Home More Inviting
If you enjoy having guests over, improving your home’s curb appeal may not be a bad idea. As previously stated, the outside view of your property from the street is the first view that visitors will get of your home. As such, it is essential to maintain or improve your home’s curb appeal to make a good first impression on any friends and family who visit.