Landscape Lighting for Curb Appeal: The Gateway to Higher Property Values
When it comes to real estate, first impressions matter. A home with strong curb appeal can significantly increase its value and attract potential buyers. Studies have shown that homes with high curb appeal can sell for up to 7% more than comparable properties. One often-overlooked element that can dramatically enhance curb appeal is landscape lighting.
The Impact of Landscape Lighting
Landscape lighting can transform your outdoor space, creating a welcoming and inviting atmosphere. By strategically illuminating key features like trees, shrubs, and architectural elements, you can highlight your home’s unique qualities and make a lasting impression on potential buyers.
Improvements like landscaping, fresh paint, and well-maintained lawns can yield a high return on investment (ROI), sometimes as much as 238%.
Key Benefits of Landscape Lighting
- Enhanced curb appeal: A well-lit exterior creates a positive first impression.
- Increased property value: Studies show a direct correlation between landscape lighting and higher sale prices.
- Improved safety and security: Outdoor lighting deters crime and reduces the risk of accidents.
- Extended outdoor living: Enjoy your backyard and patio even after dark.
Also See: Transform Your Outdoor Space with the Power of Professional Landscape Lighting >
The Economic Impact of Curb Appeal
A study by Thumbtack and Nextdoor found that a significant majority of homeowners in North Carolina and Ohio believe that curb appeal is essential. Landscaping, in particular, was identified as a top improvement for enhancing curb appeal.
Key findings from the study:
- 98% of homeowners value good curb appeal.
- Landscaping is the most impactful improvement.
- Exterior painting and lawn upkeep are also important factors.
Real Estate Market Trends
The real estate markets in Charlotte, NC, and Dayton, OH, have been steadily growing. As of July 2024, the average home value in Charlotte was $401,276, while in Dayton, it was $189.669 (Source: Zillow). In both cities, the median listing prices and sales prices have been on the rise, indicating a strong market.
By investing in landscape lighting, you can position your home to stand out in a competitive market and potentially command a higher sale price. In fact, with our research that shows 7% increases due to curb appeal the average home own can expect the following property value increase from landscape lighting:
- Property Value Increase of $28,089 in Charlotte, NC due to improvements like professional landscape lighting.
- Property Value Increase of $12,600 in Dayon, OH with proper curb appeal improvements (see below).
Charlotte, NC Real Estate Values 2024
The real estate market in Charlotte, NC, has seen steady growth. As of July 2024, the average home value in Charlotte is $401,276, which is a 4.2% increase over the past year. The median listing home price is $439,000, with homes typically selling for around $423,000. The market is expected to remain relatively stable, with a slight increase in inventory and affordability.
There are quite a few landscape companies in Charlotte, NC. According to a recent search we conducted on Angi.com (Angie’s List), there are around 60 highly-rated local landscapers. This includes companies offering a wide range of services, from landscape design and installation to maintenance and hardscaping.
Surveys from NC on Curb Appeal
A survey conducted by Thumbtack in partnership with Nextdoor found that 98% of homeowners in North Carolina believe that having good curb appeal is important. Landscaping was rated as the most impactful improvement, with 82% of respondents agreeing that it significantly enhances curb appeal. Other important factors include exterior painting (78%) and lawn upkeep (73%).
Landscape Lighting in Dayton, OH
Landscape lighting can greatly enhance the curb appeal and security of a property. In Dayton, OH, the median home price in 2024 is about $180,000. Enlisted professional landscape lighting services would include the installation of LED fixtures, path lights, garden lights, and more – which are energy-efficient and long-lasting.
See More: Browse our gallery of landscape lighting projects in Ohio and North Carolina >
In Dayton, OH, there are quite a few landscape companies…we’re biased, but for Landscape Lighting, we believe we’re the best. According to our own recent search on Thumbtack.com and Houzz.com, there are around 287 landscaping professionals in the Dayton area. This includes companies offering a wide range of services, from landscape design and installation to maintenance and hardscaping.
As for landscaping companies, our specialty is lighting.
But I digress…
Back to the facts about curb appeal and property value.
Surveys from OH on Curb Appeal
Similar to North Carolina, a survey in Ohio found that 98% of homeowners value good curb appeal. Key improvements include landscaping (82%), exterior painting (78%), and maintaining a well-kept lawn (77%). Homeowners also noted that trash in the yard and overgrown landscaping are major detractors from curb appeal.
Landscape Lighting, Cost Effective and Boosts Home Value in Ohio and North Carolina
Landscape lighting is a cost-effective way to boost your home’s value and create a stunning outdoor environment. By strategically illuminating your property, you can attract more buyers, enhance your home’s appeal, and potentially reap significant financial rewards.
_________________
Sources:
- Doorloop.com – What is Curb Appeal and How Does It Impact Home Value?
- ListWithClever.com – Top 10 Ways to Increase Curb Appeal, 2024
- Axios.com – Predictions for Charlotte’s Housing Market in 2024
- MafostMarketing.com – Content Marketing for Local Businesses
- PrivateEquityLion.com – Real Estate Trends for Investors
- Thumbtack.com – 2023 Survey on Curb Appeal in North Carolina
- ApartmentTherapy.com – 5 Things that Will Increase Your Curb Appeal