Although installing a deck, patio, fire pit, outdoor kitchen, lighting, and fountains on an investment property once might have been risky, the current popularity of “health and wellness” have made buyers more inclined to look for features in a landscape that add opportunities to increase their wellness and to build community. For a real estate investor, this trend may justify increasing the landscape budget so that it can include features that invite people into the backyard where the sun, fresh air, sights of trees and flowers, sounds of leaves or water. Amenities that soothe and refresh after a hard day at work may attract buyers looking for wellness. Lights, water features, decks, and fire pits provide places where families and neighbors can gather and might be attractive to buyers seeking both wellness and community.
An article in webmd.com, “Do You Need a Nature Prescription?” by Carol Sorgen, points out that researchers have found evidence that time spent in a natural setting, “whether walking in a park or gardening in your backyard improves mood, self-esteem, and motivation.” In the suburban backyard, working with the land you have, a real estate investor can tap into ecotherapy elements to attract buyers in 2019. The article by Sorgen, states that taking in the forest atmosphere such as the odor of wood, the sound of running water, and the scenery of a forest can provide health benefits for children and adults, including relaxation, reduced stress, lower pulse rate, and lower blood pressure. Danielle Small, writing for homluv.com says that creating a woodsy retreat in your backyard and adding water and lighting to your backyard may provide a real treat for a homeowner at the end of a hectic day.
Buyers are well versed in health and wellness these days so adding a fountain, waterfall, or a small pond along with a comfortable seat in the backyard may very well appeal to them from a health perspective as well as from a lawn-eating, lower maintenance perspective. Fountains and waterfalls can be made to blend into nature or to stand out and make a statement. A few strands of star-like lights in the trees can add a sense of serenity, calm, and romance to the backyard too.
As a real estate investor, common sense, tried and true, backyard landscaping techniques combined with some of the newer wellness and outdoor-living trends may be a useful combination to know as you plan your project budget and marketing campaign.
The fix-n-flip loan program is one of my most popular real estate loan programs. Competition for houses is tight. The ability to get fast funds to buy and remodel a property is important. As a broker and a direct lender, it is my job to help you get a hard money loan easily and quickly. Private Lenders, not banks, are willing to help you fund your project based on the value of the property and its after renovation value. We have money to lend and you need money quickly. A perfect fit is out there.
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Patrick StCin, 512-213-2271