How Outdoor Lighting Can Increase Home Value?
Most homebuyers decide whether they like a home before they even move in. Attractive landscaping is key to selling your home, and that includes quality landscape lighting. Outdoor living space is also very desirable for home buyers and will increase your home's value and marketability. Simply put, outdoor lighting can increase home value.
Outdoor Living is Key
Of all the current home design trends, few are hotter than outdoor living spaces. It's not hard to see why outdoor living spaces have become so desirable. Adding outdoor living space can make a home feel larger than it is. With a properly lit deck, patio, or pool, you can create additional living space without adding an expensive extension to your home. Who doesn't love hanging out during the warm summer months?
But effective outdoor living space doesn't disappear when the sun goes down. During the summer, when the weather is hot, daytime outdoor living may actually be less than ideal. But when the sun goes down, homeowners want to get outside and enjoy a warm summer evening. A home that offers outdoor living space that is usable both day and night have a huge value advantage over a home without proper outdoor lighting. A deck or patio without proper lighting is only half as effective as proper lighting.
Another trend that's spreading like wildfire is outdoor kitchens. Simple grills were once the standard, and now homeowners are looking for a complete cooking experience outdoors. The outdoor kitchen is perfect for family dinners or large gatherings. But what makes it useful is the lighting around it. Most homeowners cook outdoors at night. If nightfall forces you to go indoors, you're missing out on most of the benefits of an outdoor kitchen.
Landscape Lighting and Home Value
When considering landscape lighting, you need to consider the overall landscaping design of your home. Landscape architects can design beautiful outdoor spaces that really make a house stand out. And you can't underestimate the value of curb appeal.
If you're driving through a neighborhood and there are only a handful of homes with beautifully landscaped yards, these homes will stand out. Care and attention to outdoor appearance is a signals to buyers. Well-kept landscaping shows potential buyers that the homeowner will take care of the property inside and out.
If you live near a well-landscaped property, skipping the landscaping of your property could be disastrous. If you have a great home that hasn't been landscaped, you're also sending a signal to buyers. Buyers will wonder why homeowners skimp on landscaping. They will wonder what else the homeowner left out in the house. Even if a home is beautiful on the inside, messy landscaping can cause serious doubts among potential buyers.
Landscaping is a big factor in a home's ability to sell. But good landscape design must include good landscape lighting. A beautifully maintained garden filled with interesting focal points and additions that can disappear at night. So any landscape design must include lighting components. These days, homebuyers want to see the complete package. A beautiful landscape that disappears after dark is almost as bad as no landscaping at all. It tells the buyer that you just don't care enough to spend the extra money.
Return on Investment
The biggest advantage of outdoor lighting is actually the price. Well-designed landscape lighting doesn't have to be expensive. But no matter how much or how little you spend, if the lighting does its job, it tells buyers you care.
In terms of direct home value, there are very few improvements you can make that directly increase the value of your home by increasing the amount you spend on improvements. In other words, 100% direct ROI is rare. But you have to think about more than just the dollar amount your home's value has increased. If a house doesn't sell, it's worth nothing. The longer it takes to sell, the greater the drop in value.
If you're looking for a way to sell your home quickly with as little depreciation as possible, landscape lighting is a key component. Homes that perform well are the ones that get an offer. Homes that get offers give homeowners the opportunity to choose the best offer. Sometimes, homeowners can even command a higher price than the asking price if there is strong competition. Therefore, the immediate value increase of landscape lighting may not equal the cost, but the value increase of curb appeal may actually make up the difference.
Outdoor Lighting and Curb Appeal
Curb appeal can be difficult to quantify. When appraising a house, it is an intangible asset that is not easily included in the house's valuation. But that doesn't mean it won't affect the final selling price of your home.
At the end of the day, the value of your home depends on what buyers are willing to pay. Buyers are drawn to curb appeal. If you can attract multiple offers, you have a chance to create a little competition. This competition can drive up the final purchase price of your home. On the other hand, if your home is unattractive and you don't get many offers, you may be forced to accept whatever you can get. This could be well below your asking price.
Lighting the facade of your home is all about curb appeal. Potential buyers drive through your neighborhood at night. If your house is eye-catching because it is lit, it will immediately attract attention. A well-lit house can look like a mansion next to poorly-lit houses, even if it's essentially the same as its neighbors. Well-designed outdoor lighting can make a home appear larger and accentuate any unique or impressive architectural features.
If a lot of houses in your neighborhood are lit at night, you're in the same situation as a community with landscape lighting. Skimping on your home's outdoor lighting can be a sign that you're not willing to spend money on your home. Homebuyers will want to know what else you can get for a bargain. Even homes with remodeled kitchens, remodeled bathrooms, or more can be suspect. The last thing you need is a buyer looking at your home expecting to find trouble.
Get the Right Lighting for Your Home
If you recognize the value of outdoor lighting, you should realize that not all outdoor lighting is created equal. Whether it's landscape lighting, home lighting, or creating an outdoor living space, it has to be done right. A sidewalk is lit with seemingly cheap solar installations that the homeowner simply plants in the ground and doesn't reflect the full value of the home. To reap the benefits of outdoor lighting, you need to work with a company that understands what it is doing.
The above has introduced how outdoor lighting can increase the value of a house. If you want to buy outdoor lighting, please contact us.
TFB Lighting is a professional custom outdoor landscape light manufacturer. The company mainly produces various floodlights, garden lights, floor lamps, lawn lights, wall lights, underwater lights, wall lights, spotlights, street lights, solar energy and landscape lighting and other products. With many varieties and high quality, it is widely used in decorative lighting in various roads, squares, parks, villas, pedestrian streets, garden communities, and other places.