2023 Remodeling Impact Outdoor Features | NAR | 03-17-2023

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Irrigation System Installation Cost Recovery: $6,000 Landscape Professionals’ cost estimate $5,000 REALTORS ® ’ estimated cost recovered 83 percent Percent of value recovered from the project Share of Landscape Professionals with Increased Project Demand in Last Year: 31% Share of REALTORS® Recommend Before Selling Pandemic Influence: 97% of consumers would have undertaken the project, regardless of the pandemic 2% of REALTORS ® reported increased demand for this project during the pandemic 2% 2023 Remodeling Impact Report: Outdoor Features 24
Landscape Lighting Consumers’ Viewpoint After Completing the Project: Most important result: Project Description: • Installation of a standard 600W transformer and 20 LED lights.* Top two reasons for doing the project: 45% Beauty and aesthetics 43% • To add features and improve livability 17% • To modernize 61% 55% 48% Have a greater desire to be home since completing the project Have an increased sense of enjoyment when they are at home Feel a major sense of accomplishment when they think of the project Joy Score: 10 *The costs estimates are aggregated from markets nationwide. Every project is unique. Prices will vary depending on geographic region, property, and scope of work. 2023 Remodeling Impact Report: Outdoor Features 25
Page 1 and 2: 2023 Remodeling Impact Report: Outd
Page 3 and 4: Table of Contents Introduction 4 Ou
Page 5 and 6: Introduction When consumers remodel
Page 7 and 8: Cost Recovery On Outdoor Remodeling
Page 9 and 10: Standard Lawn Care Service Consumer
Page 11 and 12: Landscape Maintenance Consumers’
Page 13 and 14: Outdoor Kitchen Consumers’ Viewpo
Page 15 and 16: Overall Landscape Upgrade Consumers
Page 17 and 18: New Patio Consumers’ Viewpoint Af
Page 19 and 20: New Wood Deck Consumers’ Viewpoin
Page 21 and 22: Tree Care Consumers’ Viewpoint Af
Page 23: Irrigation System Installation Cons
Page 27 and 28: In-Ground Pool Addition Consumers
Page 29 and 30: Fire Feature Consumers’ Viewpoint
Page 31 and 32: Methodology Survey of Consumers Who
Page 33 and 34: The National Association of REALTOR

2023 Remodeling Impact Outdoor Features | NAR | 03-17-2023

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