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Landscaping and Hardscaping Projects Can Bring Homeowners an ROI of Up to 150 Percent!

“According to a recent survey from Houzz, more than half of U.S. homeowners plan to remodel within the next two years to add value to their homes – however, it’s not what’s inside that matters most. A study by RealEstate.com suggests that landscaping and Hardscaping can deliver a whopping return on investment as high as 150 percent – an ROI that puts it ahead of popular home improvement projects like kitchen or bathroom updates”. — EP Henry.

In addition to the personal joys that come from a home renovation, it’s becoming increasingly important to understand how this change affects the actual value of a home. Here are five facts from various studies backing up the belief that outdoor living spaces do, in fact, produce a positive return on investment. 

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1. First Impression Means Everything

It doesn’t matter if you’re interviewing candidates for a job or evaluating potential homes, everything comes down to that first impression. When prospective home buyers are visiting open listings, they are guaranteed to be impacted by the existence or absence of curb appeal. A study conducted by BankRate found that “a good first impression can add as much as 10 percent to the value of the home.” Obviously, this can apply to a variety of hardscape elements, but two in particular to think of are the driveway and porch.

2. Get the Kids Active 

The American Academy of Pediatrics projects “today’s children are spending an average of seven hours a day on entertainment media.” Potential consequences of this inactive lifestyle? Obesity, troubles in school, and the list goes on! Renovated outdoor living areas provide countless solutions to this serious problem. Maybe this means installing a basketball court or utilizing the space for a family cookout. In the end, it’s a great motivation tool to encourage outdoor activity.

3. Outdoor Kitchens Can Cook Up Some Serious ROI

Kitchens, both indoor and outdoor, are one area capable of catching the eye of any home buyer. A 2015 report compiled by QuickenLoans proved this value in finding the average ROI (return on investment) of outdoor kitchens is between 100-200%. While this number can vary depending on the quality of materials installed, the truth is it’s tough to beat the benefits provided by an outdoor kitchen. Particularly during the warm months here in Kansas City, you’ll find plenty of personal uses.

4. Escape the Stress

Wouldn’t it be safe to say that a sizable portion of Americans would report stress as being a factor in their life? To back this up, a 2015 study by the American Psychological Association found Americans are more stressed than you think. The year 2015 saw stress levels increase across the board with 24% of Americans classifying as struggling with “extreme stress” in their daily lives. One potential way to harness this is coming home to a relaxing outdoor retreat. Not only is pure nature beneficial to mental health, but elements like water features are capable of mellowing anyone out.

5. Enjoy It!

“Homeowners who are remodeling plan to stay in their homes for the long term.” This statement comes from the annual Houzz & Home Survey. In short, this means more and more people are displaying a greater interest in making their homes fit them for the time being (66% in the Houzz report), as opposed to purely being focused on future moving plans. With this being the case, wouldn’t a realistic reason to renovate just be for purely enjoying it yourself with family and friends?

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