Simple Yard Improvement Ideas that Will Increase Home Value

Yard improvement doesn’t have to be complicated for you to get the benefit of up to $4 in increased value for every dollar you spend, according to the Remodelling Impact Report from the National Association of Realtors. Here are a few ideas to help increase the value of your home.

If you are comfortable with DIY projects, make and install flower boxes. Prefab boxes will be just as successful when filled with colourful plants. The curb appeal of your home will immediately liven up.

Trim out your mulched flower beds with rock borders to help contain the mulch. Adding rock and mulch around your foundation will help divert water away from your home’s perimeter. This DIY project can be taken further by creating rock stream beds. Trench the ground and fill the spaces with rock to take water where it won’t be destructive. Done properly, the result will also enhance the overall look of your landscaping.

To visually tie together the different areas of your yard, install pavers or stepping stones to get from one area to another. Lighting these pathways will bring you the best return on dollars spent and give your home personality at night.

Be sure to care for all of your plants because they add more value to your home as they mature. The return on your investment in a yard full of healthy flowers, plants and trees will never be in question. You also get to enjoy the colour, fresh air and shade that vegetation brings.

If creative DIY landscaping projects are not your thing, then be sure you at least fill your outdoor space with a well-maintained lawn. Bags of fertilizer can be purchased for between $30-60, depending on the size needed.

Contact me for other simple yard improvement ideas that will increase the value of your home.

Is It Possible to Reduce Your Closing Costs?

A large part of the cost of buying a home is the amount of funds it will take to close the sale. The good news is that the amount of your closing costs can be negotiable. Since closing costs on a loan can total 3-6% of your loan amount, it would be beneficial to try and get them reduced.

When you apply for a mortgage, the lender will provide a loan estimate outlining what your approximate closing costs will be. The loan fees will include everything from the loan origination fee to homeowner’s insurance and your down payment.

You can lower your down payment to reduce your closing costs, but keep in mind that a lower down payment can result in having to pay mortgage insurance. Paying a higher interest rate may allow the lender to rebate some of your closing fees. The trade-off is that it will cost you more over the life of your loan.

If you choose to negotiate to pay fewer discount points for your loan, your closing costs could be significantly less. Your interest rate will be higher as a result.

You can’t make closing costs go away, but having an open conversation with your lender may help you in reducing the cost to buy a home. Additionally, some sellers may adjust the sale price of their home to you in exchange for paying some of your closing costs.

Call or email me, and we can go over these possibilities in more detail and help reduce your closing costs.