From first dates to job interviews, first impressions matter. And when it comes to selling your home, that initial glimpse of its exterior is a big deal. In fact, according to a University of Texas at Arlington study published in The Journal of Real Estate Finance and Economics, curb appeal can account for up to 7 percent of a home's value. So it's important to put your home's best face forward.
Curb appeal is the way your home looks from the outside, and how attractive it is to anyone who passes by. To assess your home's curb appeal, look at the front of your home and take it in from the perspective of someone seeing it for the first time. The color and condition of the exterior, the landscaping and the overall maintenance of the property all contribute to its curb appeal.
This crucial first impression has a big impact when you list your home for sale. "Curb appeal is probably one of the most important and effective tools in selling a home," says Yawar Charlie, a Los Angeles-based agent with luxury brokerage the Aaron Kirman Group.
Cost: Between $6,242 and $11,617, according to Fixr, a home remodeling resource.
Cost: Between $112 and $205, according to Fixr. But most homeowners can probably do it themselves for less.
Cost: Between $190 and $460 for professional window washers, per Fixr. But if you DIY, this project will cost you nothing but water, cleaning supplies and a little elbow grease.
Cost: Between $8,000 and $15,000 for a pro job, per Fixr. But if you have a rake and a lawn mower, you can spruce things up for almost nothing. Adding a few inexpensive pre-potted plants and flowers to the walkway or porch will also add color and pop to the entry area (and you can take them with you after you sell).
Cost: Between $180 and $240, per Fixr. If you want to do it yourself, you should be able to rent one from your local home-improvement store for less than $100 per day.
Cost: Between $350 and $500 to install outdoor motion-sensor lights, according to Fixr.
Cost: Between $400 and $2,000 for roof repair and between $218 and $396 for gutter repair, per Fixr.
Cost: If your mailbox just needs to be cleaned or painted, the cost is next to nothing. If it needs to be replaced, you can find very inexpensive mailbox-and-post kits at your local home-improvement store.
Going overboard: Don't get caught up in making every upgrade possible. "One of the common mistakes I find when it comes to curb appeal is a homeowner doing too much," Charlie says. "There can be such a thing as too many trees or too many flowers." Stewart provides an example: "While a full garden may look beautiful to a seller, potential buyers may see it as difficult for upkeep."Undertaking projects with no return on investment (ROI): A feature you may love could be seen as a liability to the next potential owner. One prime example is the installation of a lawn water feature like a fountain: "Fountains are beautiful to look at and create a very relaxing environment, but they cost more and are a recurring cost through their water consumption," says David Steckel, a home expert at Thumbtack. "There is no ROI to a fountain."Making bold changes: Stick to neutral shades for things like kitchen and bath tile, and especially for exterior paint. "One of the biggest mistakes I see people make is painting their homes a loud, outrageous color," Charlie says. "Veer toward more of a classic look that will appeal to a variety of people."Not consulting your HOA: If you live in a home governed by a homeowners association, confirm that your planned upgrades are within its rules. "Sellers should check the bylaws before making any improvements that must go through the HOA for review," Stewart says.
Check online reviews: Look to see what past clients say about the contractor you're considering.Ask for recommendations: Real estate agents, friends, neighbors and family members can be great resources for finding good home pros.Get a firm bid, in writing: To make sure there are no surprises when it comes time to pay your bill, ask for a bid rather than an estimate. An estimate is like window shopping, says Charlie, but a bid puts hard numbers to the project. "When you decide to use a vendor, make sure that they give you a final bid for what the work is going to cost, so there are no surprises down the line," he says.