Posted on: 30 January 2017
Selling a home on the saturated real estate market can seem difficult, but raising the curb value can make it a lot easier. Many people are now adding ponds to their property to sell them more quickly. However it is important to approach this properly to avoid losing money on the deal.
Curb Value Is Key To Selling A Home
Curb value is the value the presentation of a home adds to its price on the real estate market. For example, homes that look sharper or have items that are unique or attractive have a higher curb value and, therefore, sell for more money. These items can vary depending on the home, but additions like a pond can draw the attention of a large number of people. That doesn't mean that a pond will increase the curb value of any home. It is important to know what kind of house to add a pond to or the value of the home could actually be decreased.
Small Ponds Can Increase Curb Value
Putting a pond in a yard will increase value depending on the property and its location. If it is located in a low-cost area, there's a good chance it could actually decrease the value. Why? People who are buying a low-price home probably don't have enough money or time to take care of the pond. That's why it is important to install ponds only in homes that would attract higher-valued customers.
Just how much will it cost to install a pond? This will vary depending on the size. Some small ponds (four by six feet) can cost as little as $2,500 while nearly 30-feet wide pools will cost $12,000. Decorating the pond and calling attention to it can help increase the home's resale value, as long as it's properly treated for mosquitoes.
Some Pesticide Application May Be Necessary
Another important step to take when installing a pond in a yard to increase curb value is to apply pesticides to ensure no mosquitoes lay eggs there. Failure to do so could actually decrease the curb value of a home by making it a hot-spot for dangerous pests. Regular pesticide treatments may be necessary until the home sells to keep its curb value high.
It is also a good idea to install motors that push water around in the pond. Mosquitoes only lay eggs in stagnant water and moving water in the pond should be more than enough to keep it free of mosquito eggs. However this will require a little extra money investment.
That investment is more than worth it if the value of the house is increased. Remember that improvements that raise value do so more than the value of the item installed. This is how to make a pond increase a home's price. For more information, contact companies like Celia Dunn Sotheby's International Realty.Share