How Much Does Curb Appeal Increase Your Homes Value

Dated: June 29 2020

Views: 93

Your home’s exterior plays an important role in grabbing buyer’s attention and, ultimately, selling your property; like the old saying goes, “you only get to make a first impression once.” But can curb appeal actually increase your home’s value?

Apparently, it can—and by more than you might expect.

In a recent article, REALTOR® Magazine unpacked data from a study recently published in The Journal of Finance and Real Estate Economics. According to the study, a joint effort from the University of Alabama and the University of Texas at Arlington, homes with high curb appeal sell for an average of 7 percent more than comparable homes with less inviting exteriors. And in real estate markets with higher inventory? That premium doubles to 14 percent.

The Takeaway:

So what does that mean for you? If you’re thinking about selling your home, sprucing up the exterior can be a great way to drive up your property’s value—and drive up your home sale profits in the process.

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