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21Mar/16Off

External Property Improvements Adding Value To Your Home?

download (95)When choosing improvements to your property, be careful just how far you go. Believe it or not, it's possible to "improve the value of your home too much". Real estate insiders advise that before making any major visible improvements to increase your home's value, take a look around your neighborhood. Is the project you're planning in step with the rest of your neighbor's standards?

For example, adding lavish wrought iron gates to your driveway can increase the value of an upscale home, but in a neighborhood where they look out of place, this may not be the case. Prospective homebuyers may not be able to afford the extra cost you're asking in order to recoup the money you spent on the project, so keep this in mind with any investment in the outer appearance of your home. However in some cases you could anticipate not only adding value to your home, but also making is more appealing to prospective buyers with an investment in metal gates, or wooden gates, depending what designs best suit your property.

In an area when security is a concern due to adjacent higher crime areas or because the location is one often targeted to due higher home values (as in large city's more salubrious addresses), a two-meter iron gate topped with decorative points may be an effective first line visual deterrent against criminal activity. A gate of this nature should also be attractive and hence add to the visual appeal as well as the security of the property. Similarly, a wooden fence and gate without "see-through" panels made of stout oak provide both security, privacy and beauty.

However, erecting even a low wrought iron gate and fence in a neighborhood where all the properties have only green lawns running down to the sidewalk may not provide anything other than a bit of decoration; and that may not be to every prospective buyers taste.

Perhaps it would be best to make external home improvements where the value to you as the occupier is clear, and then consider if it adds value to your home only as a secondary level of consideration. Sometimes a fresh coat of paint or a re-bricked walkway up to the front door could provide as much selling-appeal as a grand wrought iron gate and perimeter fence. There are so many options we have these days, but the best bet is to place it safe and only spend on improvements you want for yourself. But avoid "shooting yourself in the foot" with something out of keeping with the houses around you if you ever decide to sell up.

 

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