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Three Reasons Why Hardscaping is a Good Investment for your Home

Whenever you are looking to make changes to your southcentral PA home – whether it is an addition, kitchen renovation, or exterior remodeling project – you are smart to take into account the return on investment. Simply put: will my new project be a wise investment, improving the value of my home?

In the case of exterior improvements, such as installing new landscaping or hardscaping, the answer is usually YES.

No matter if you are preparing to sell your house this month or plan to live in it another 20 years, the investment you make in your property’s landscape can have a sizable improvement to your home’s overall value. When done right, a hardscaping project can add up to 20% to your property value. 

Three ways hardscaping adds value to your home

1. Increase curb appeal

The first thing any appraiser or potential home buyer will see is your home’s exterior. By improving the curb appeal of your home with landscape lighting, planters, or stone veneer, you can quickly improve the overall look of your home. And if you have any concrete features on your home – like a walkway, driveway, or front porch – adding natural stone and pavers is an immediate visual and structural upgrade. 

2. Make property more user-friendly

With custom hardscaping installed by a landscape designer, you can make it even easier to walk and use your property. Retaining wall and stairs can make a steep bank easier to walk, while pavers and stone patios allow for you and your family to enjoy more parts of your yard. 

3. Create additional living spaces

Rather than building an addition to your home, why not create an outdoor living space? While it may not be used year-round, an outdoor space for entertainment and relaxation is a difference-maker, catching the attention of realtors and potential home buyers alike. From patios and firepits to large custom outdoor kitchens, you can add an outdoor living space that you will love and your neighbors will envy. 

How much should I invest in hardscaping?

Now that we know how new landscaping can improve your home’s value, the next logical question is: “How much should I invest in landscaping and hardscaping?” Our answer: it depends.

Spending hundreds of thousands of dollars on landscaping will give you a stunning property, but you might not see the same increase in your home’s value.

A good rule of thumb is to spend around 10% of your home’s value on improving landscaping and hardscaping. At that level, you can see up to 100-200% return on your investment, which could raise your home’s value up to 20%.

While you can spend more than 10% of your home’s value on hardscaping, you may not see a similar ROI on your home’s selling price. 

 

BONUS: 3 Hardscaping Projects that are the Best Investment

Not all landscaping projects are created equal! Here are the top 3 hardscaping projects with the greatest return on investment:

  1. Outdoor kitchen (100-200% ROI)
  2. Fire pit (150% ROI)
  3. Patio addition (30-60% ROI)

 

Resources:

http://www.inman.com/2015/07/09/outdoor-renovation-projects-with-the-highest-return-on-investment/

http://www.quickenloans.com/blog/landscaping-a-good-investment-home