6 Landscaping Trends That Can Help Increase The Value of Your Home

The following is a guest post by Zach Edwards

Whether you’re thinking about putting your home on the market or just want to be prepared, you’re looking for the best possible price. A clean, fresh place with a comfortable vibe, both inside and out, draws prospective buyers. And since the first thing to catch their eye is your landscaping, that’s the place to start. Landscaping focuses on the lawn, trees, and plants in your yard, but architectural features also increase the value of your home.

Landscape Maintenance Program​

 

Curb appeal is the name of the game when you’re sprucing up your home. A vibrant green lawn is what buyers want to see. A landscape maintenance program covers the basics to keep your lawn looking its best. This includes mowing, edging and trimming, fertilization, pest control, and leaf removal. The National Association of Realtors lists landscape maintenance as a priority when selling your home, with a return on investment, or ROI, of 100%. You can do it yourself if you are diligent, but it may be more cost-effective to hire a lawn care professional who knows how to keep your yard in tip-top shape.

Landscape Upgrade

 

Since you’re going to be taking meticulous care of your lawn, why not do an overall landscape upgrade? This can include switching up your front walkway from concrete to natural flagstone, adding large stone planters, mulching with landscaping bark, and putting in flowering shrubs and a tree or two. The estimated cost of these projects is $6000, with a return of around $5000. That’s an ROI of 83%. And in a drought-prone area, take those upgrades a step further and help protect your property from fire. Surround your home with hardscaping, use fire-resistant plants and trees, and space them 5 to 30-feet away from your home.

Outdoor Living Spaces

 

The pandemic of the last couple of years forced many of us to spend more time at home. So today’s buyers are focused on comfort and livability. Putting in a patio, or refurbishing an existing one, attracts buyers and increases your home’s value. An outdoor kitchen and entertaining area extends your living space.

Set up cozy chairs and sofas made specifically for the outdoors. Add some colorful throw pillows, and don’t forget an outdoor table to center the space. A well-designed patio with comfortable features has an ROI of up to 80% and adds 8-10% to a home’s value.

Fire Pit

While you’re busy making the outdoors all cozy and comfy, don’t forget a fire pit. Nights around the fire, toasting marshmallows, or just chatting with family and friends create lasting memories and add an air of relaxation to your yard. Gas pits will add more value to your home due to ease of use, but wood-burning pits also boost the value. Both have pros and cons, and you’ll need to do some research to see which works best for you. Adding a fire feature to your landscaping provides an ROI of about 70%.

Outdoor Lighting

 

Once you create a cozy outdoor living space, you want to be able to use it at night. That’s where outdoor lighting comes into play. When deciding how to incorporate it into the landscaping, consider where light is needed for safety and security, as well as any features you want to highlight. Don’t overdo it. You want to enhance your yard at night, not blind your guests with spotlights. Outdoor lighting done right can add up to 10% to your home’s value.

Automated Sprinkler System

Automating your sprinkler system not only adds home value, it gives you one less thing to worry about and helps conserve water! You can come home knowing that part of your yard maintenance is already done. Or you can travel without worrying about whether your lawn is getting enough water.

While installing an irrigation system can be costly, you can recoup that money in the long-term. Monthly water bills will likely decrease, as sprinklers come on only during optimal times of the day and use just the right amount of water. Cost estimates for a 3000 square foot lawn are around $3500. With an estimated cost recovery at $3000, that’s an ROI of 86%.

Making these landscaping improvements increases the odds for a faster sale and a better price. Buyers want to move in and relax, not have to make the changes themselves.

 

Zach Edwards is a lifestyle and landscape and design writer. He has refurbished a number of older homes and commercial buildings with a focus on spaces for entertaining.

 

Source: Coldwell Banker Blue Matter Blog 

Congratulations to ND Housing Award Winner Kym Enlow

Agency recognizes partners who promote affordable homeownership

BISMARCK, ND –North Dakota Housing Finance Agency (NDHFA) recently recognized nine of its partners with Champion of Affordable Housing Awards for their outstanding promotion and delivery of its homeownership programs.

“Homeownership is traditionally one of the most coveted goals of individuals and families,” said NDHFA Executive Director Dave Flohr. “Through our Champion Awards, North Dakota Housing Finance Agency honors the housing professionals who partner with the agency, promote our programs, and help to make homeownership affordable.”

NDHFA’s FirstHome™ program provides low- to moderate-income buyers with low-cost mortgages, and down payment and closing cost assistance. Single parents, veterans, and families with disabled or elderly households members can qualify for similar help through HomeAccess. The agency’s North Dakota Roots program assists households who require down payment assistance to buy again or whose income exceeds the limits of the agency’s standard programs. The program can also be used to refinance residential real estate loans.

Two loan officers, Debby Wisdom of Dakota Community Bank & Trust in Mandan and Lisa Thuner of Town & Country Credit Union in Minot each received a Homeownership Performance Award, recognition for the volume and quality of loans produced. NDHFA also presented three real estate agents with the same award, Aruna G. Hagen of Advantage Realtors in West Fargo, Kym Enlow of Coldwell Banker in Grand Forks, and Karen Johnston of George & Associates Realty in Watford City.

Bremer Bank, Bravera Bank and The Union Bank all received NDHFA’s Award of Excellence for best practices and outstanding delivery of the agency’s homeownership programs. Unify Home Lending Inc. was honored with a Rising Star award, recognition of a financial institution new to our program for a significant increase in loan volume over the previous year.

“Historically low interest rates and a limited inventory made the housing market very competitive this past year,” said Flohr. “North Dakota Housing Finance Agency helped 1,548 individuals and families to successfully purchase a home in 2021, all of the buyers learning about our homeownership programs from one of our outstanding housing partners.”

Parties interested in NDHFA’s homeownership programs will find information online at www.ndhfa.org.

NDHFA is a self-supporting and mission-driven state agency dedicated to making housing affordable for all North Dakotans. The North Dakota Industrial Commission, consisting of Governor Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Drew H. Wrigley, oversees the agency.

 

Source: ND Housing (ndhfa.org)