Increase Home Value with Landscape Lighting in Tampa, Florida
When looking for ways to increase home value, you have many options available. While your initial focus should always go to the basics—roof, HVAC, insulation—once those are nailed down you’ll want to invest in smart, efficient, and cost-effective ways to increase home value.
Elegant Accents is your top source for outdoor lighting in Tampa and Tampa Landscape Lighting. For decades homeowners have come to us for new installations, outdoor security lighting, dock lighting in Tampa, and much more.
Follow along while our team covers how outdoor lighting may be your best bet to increase home value.
A Brief Look at ROI (Return on Investment)
When considering any sort of renovation or home addition, it’s always a smart move to consider the return on investment. This is a semi-generalized estimate on how much you can expect to get back from your investment, based upon the cost of the project or addition, how much it increases home value, and what impact it has on your local housing market (as in, is the project a sought-after feature, like a new furnace).
It is very rare to come across a project that offers 100% ROI, realistically speaking. This is why some projects, such as new patio installation, for example, are high-ROI and increase home value, but are not recommended unless you plan on enjoying the patio yourself for a few years first.
How Does Outdoor Lighting Increase Home Value?
Aside from the literal value of the feature, which will increase home value on its own, adding outdoor lighting provides a large number of highly ranked and sought after benefits. The largest of these include:
- Drastically boosting curb appeal. It’s said that many prospective homebuyers can completely write-off a home within seconds if the exterior is unattractive or unkempt. Professionally-Designed outdoor lighting setup can provide a huge boost to curb appeal, helping potential buyers to get swept up in the presentation before they make a call.
- Adding a strong level of security to the home. Outdoor lighting offers substantial security benefits, and not only in terms of keeping intruders at bay. Buyers with children, older buyers, and many others value nighttime visibility in order to avoid accidents. If you already have a great system installed, that’s a big plus to the buyer!
- Providing an important feature. The more established and comfortable a home is, the more likely it is to have features like outdoor lighting, an outdoor pool, professional landscaping, and more. In other words, outdoor lighting makes your house feel like a home.
Estimating the ROI of Outdoor Lighting and Landscape Lighting
General averages place landscape lighting around a 50-60% ROI for common projects. This number does change very much year by year, and where your home is located can have a massive impact. If outdoor lighting features like driveway lighting, path lighting, or home security lighting are in demand – they often are – then the ROI can increase notably, and thus it will increase home value.
Landscape and Outdoor Lighting Installation in Tampa. FL
For over two decades, Elegant Accents has been offering top-notch landscape lighting services to home and business owners alike. Whether you’re looking to increase home value, or you want to bolster the visual appeal and security of your home for your own needs, we are more than happy to help.
Ready to increase home value before you put your home on the market? Call Elegant Accents now by dialing 813-629-2228!