- Landscaping, including native plants, outdoor lighting, water features, and paved walkways, significantly increases real estate value.
- Comfortable amenities like wood fireplaces, hardwood floors, and built-in bookshelves enhance a home’s appeal and functionality.
- Traditional furniture pieces, known for their timeless elegance and durability, add value to homes in the resale market.
- Investing in traditional features is a strategic move for homeowners seeking to enhance their property’s value in the competitive real estate market.
Boosting the real estate value of your home is an excellent strategy for homeowners, promising substantial economic benefits in the long run. Statistics demonstrate the profitability of this endeavor, with the National Association of Realtors (NAR) revealing that the median price for homes sold in the US was $346,800, a significant increase from $296,400 the past year. This indicates a rise in the housing market, making it an ideal time for homeowners to enhance their home value.
Moreover, a report by the US Census Bureau and the Department of Housing and Urban Development showed an estimated 822,000 new homes were sold, a 19.4% increase from the previous year. With these figures, it’s clear that investing in traditional amenities to boost your home’s real estate value will offer a high return on investment when you decide to sell.
However, improving the home might be daunting, and homeowners might wonder which amenities to add. While you can incorporate numerous modern features into your home, traditional amenities still hold significant value in the real estate market. Here are a few to consider:
Landscaping
Landscaping is an essential aspect of home improvement that significantly increases real estate value. A well-maintained outdoor space adds curb appeal and creates a strong first impression, which is crucial when putting your property on the market. According to the American Society of Landscape Architects, good landscaping can increase a home’s value by up to 15%. Moreover, landscaping is seen as an indication of how well the property has been cared for, both inside and out. Below are four landscaping features to consider:
Native Plants
Opting for native plants enhances the beauty of your outdoor space and requires less maintenance and care, as they’re already adapted to the local climate and soil. This can be an attractive feature for potential buyers who want a beautiful garden with minimal upkeep.
Outdoor Lighting
Proper outdoor lighting enhances your home’s appearance at night and provides added security. Buyers will appreciate a well-lit landscape for both aesthetic and safety reasons.
Water Features
Installing water features such as fountains or koi ponds can create a serene outdoor environment. This calming influence can be a unique selling point, helping your property stand out.
Paved Walkways
Well-designed and well-placed paved walkways invite exploration of the yard and give it a well-organized, cohesive feel. They also reduce the chances of slipping during wet weather, adding a safety feature to your property.
A home’s landscape can significantly impact its value, making it a top priority when considering home improvements. Additionally, the following traditional amenities can also add value to your property:
Comfortable Amenities
Comfortable features blend perfectly with traditional characteristics in a home, fostering an atmosphere of warmth and hospitality. These features contribute to a property’s appeal, making it feel inviting and homey, which prospective buyers often look for. Among the comfortable features that combine well with traditional elements, a few stand out:
A classic wood fireplace insert is a classic amenity that adds charm and comfort to a home. A fireplace’s warm, flickering glow can create a cozy ambiance, especially during cold winter. Besides its aesthetic appeal, a wood fireplace insert is functional, providing an additional heat source. It adds a timeless touch to the interior design, and its potential for reducing heating costs can be a major selling point.
Hardwood floors are another traditional feature that exudes comfort. They offer a warm, organic charm that’s hard to replicate with other types of flooring. Hardwood floors are durable and easy to clean, making them a practical and attractive choice for many homeowners.
Built-in bookshelves, particularly around the fireplace or in a dedicated study room, provide a classic look that can make a home feel warm and inviting. They offer additional storage space without too much room, making them both a practical and aesthetic addition to a home.
Combining these comfortable features with traditional amenities can significantly boost your home’s real estate value, making it more appealing to potential buyers.
Traditional Furniture
Traditional furniture pieces are not merely functional entities but also an expression of style and sophistication. They can significantly enhance the aesthetic appeal of a home, making it more attractive to potential buyers. Its timeless elegance sets traditional furniture apart, which can seamlessly blend with various interior design themes. These pieces often feature intricate detailing, high-quality materials, and classic designs that never go out of style.
Opting for traditional furniture can be a cost-effective way to give your home a traditional ambiance. These pieces are typically well-crafted and durable, making them a long-lasting investment. While the initial cost may be higher than contemporary furniture options, traditional furniture’s longevity and timeless appeal often offer greater value over time. Moreover, their classic design allows them to fit in seamlessly with different decor styles, eliminating the need for frequent replacements or refurbishments.
In the resale market, homes with traditional pieces often attract a broad range of potential buyers, particularly those who appreciate the charm and elegance of classic design elements. This, in turn, can contribute significantly to boosting your property’s value, cementing the idea that investing in traditional furniture is not just about aesthetic appeal but also about smart financial decision-making.
Final Thoughts
While modern features may seem like the obvious choice when upgrading your home, traditional amenities should not be overlooked. They hold significant value in the real estate market and can be a smart investment for homeowners looking to boost their property’s value. From landscaping to comfortable amenities and traditional furniture, these features add charm, comfort, and elegance to a home, making it more appealing to potential buyers. Consider incorporating these traditional features to enhance your home’s value and increase its chances of selling quickly in the competitive real estate market.
