10 Proven Sustainable Strategies For Increasing The Value Of Your Property
Going green not only helps the environment but it can also increase the value of your home. In this guide, we will provide you with 10 sustainable and eco-friendly strategies for boosting your property’s value, including tips on energy-efficient upgrades, green building materials, and more. Read on to learn how to make the most out of your home investment while also being kind to the planet.
1. Home Renovation
One of the most effective ways to increase the value of your home is through renovation. This can include everything from updating kitchen and bathroom fixtures to adding an extra room or even a second story. The key is to focus on high-impact projects that will have the greatest return on investment.
For example, a recent report by Remodeling Magazine found that a kitchen remodel can recoup up to 82.7% of its cost, while a bathroom remodel can recoup up to 60.2%. Other high-impact projects include adding a wood deck (75.6% ROI), installing new windows (73.9% ROI), and finishing a basement (70.2% ROI).
It’s important to keep in mind that not all renovation projects will have the same impact on your home’s value. It’s crucial to consult with a real estate agent or contractor to determine which projects will be most beneficial for your specific property.
2. Landscaping
Another effective strategy for increasing your home’s value is through landscaping. A well-manicured lawn, professionally designed garden, and tasteful outdoor lighting can all contribute to your property’s curb appeal and overall value.
In fact, a study by the National Association of Realtors found that landscaping can increase a home’s value by up to 14%. This includes both the cost of the landscaping itself as well as the increased value of the property.
When it comes to landscaping, it’s important to focus on both the front and backyard of your property. The front yard is often the first thing potential buyers will see, so it’s crucial to make a good impression. A well-manicured lawn, colorful flowers, and a few strategically placed trees can all contribute to your property’s curb appeal.
In the backyard, consider adding a patio or deck for outdoor living space, or a fire pit or outdoor kitchen for entertaining.
Smart or drip irrigation systems may be a heavy upfront investment, but they are highly efficient and reduce the home’s monthly water costs.