{"id":4241,"date":"2019-03-14T07:50:57","date_gmt":"2019-03-14T11:50:57","guid":{"rendered":"https:\/\/dankrell.com\/blog\/?p=4241"},"modified":"2022-12-13T10:28:18","modified_gmt":"2022-12-13T15:28:18","slug":"curb-appeal-science","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2019\/03\/14\/curb-appeal-science\/","title":{"rendered":"Curb appeal science"},"content":{"rendered":"\n
\"curb
How to increase curb appeal (infographic from keepingcurrentmatters.com)<\/figcaption><\/figure><\/div>\n\n\n\n

Curb appeal is one of those \u201cintuitive\u201d topics that only gets media attention in the spring and maybe the fall.  If you search the internet, you\u2019ll find millions of websites that talk about curb appeal.  Because the concept is based on accepted lore, my guess is that most of those sites regurgitate the same ideas.  Everyone has some understanding of curb appeal.  And if asked, they will give you their opinion on improving it to get a higher home sale price.  Everyone agrees that curb appeal can increase home buyer traffic.  And most agree that curb appeal can increase the home\u2019s sale price<\/a>.  But is there a curb appeal science?<\/p>\n\n\n\n

I often present empirical studies to help you understand if widely accepted real estate traditions and principles are accurate.  Unfortunately, curb appeal science is one of those subjects that doesn\u2019t get much academic attention.  Notwithstanding, there are two very compelling studies about curb appeal science.<\/p>\n\n\n\n

One of the first studies to empirically confirm the connection between home sale price and curb appeal was published in 2013.  Chen, Evans-Cowley, Rutherford, and Stanley (An Empirical Analysis of Effect of Housing Curb Appeal on Sales Price of Newer Houses. International Research Journal of Applied Finance<\/em>. 2013, Vol 4 No 11, p1407-1419) examined how a home buyer\u2019s preferences of a home\u2019s exterior influenced the sale price.  Not a surprise, they concluded that there is a connection between a home\u2019s exterior and the sale price.  They also quantified the relationship, saying that even small improvements to curb appeal can increase the value by as much as eight percent.<\/p>\n\n\n\n

It\u2019s not just the yard and exterior home maintenance.  Chen\u2019s study also discovered that architectural elements also determine the home\u2019s sale price.  They discovered that the demand for higher cost \u201cmodern\u201d homes<\/a> is relative to what\u2019s contemporary.  Meaning that today\u2019s highly desirable new homes and floor plans could be less desirable and sell for less in the future.<\/p>\n\n\n\n

A more recent study went further and developed a measurement of a building\u2019s curb appeal.  Freybote, Simon and Beitelspacher (Understanding the Contribution of Curb Appeal to Retail Real Estate Values; Journal of Property Research<\/em>. 2016, Vol 33, No 2, p147\u2013161) found that there are three dimensions of curb appeal that can be measured: atmosphere, architectural features and the authenticity of a building.  <\/p>\n\n\n\n

A home\u2019s atmosphere describes the general landscape maintenance<\/a> as well as emotional aspects, such as how relaxing, inviting, and vibrant the home feels.  Architectural aspects rate the visual aesthetics of the home, highlighting modern design and interesting features.  A home\u2019s authenticity relates to its charm and how “genuine” it feels. In other words, can the home buyer picture themselves living there? The study concluded that curb appeal and sale price is not only connected, but can also be accurately measured.  The two dimensions that affected sale price the most were atmosphere and architecture.  The authors also suggested that the atmosphere dimension has a social component (which may be associated pride of ownership<\/a>).  <\/p>\n\n\n\n

Although authenticity was not found to be as influential on sale price, it is notable.  A home\u2019s authenticity (as described in this study) is probably one of the least thought of aspects when preparing a home for sale.  If the home staging<\/a>, including landscaping and exterior elements, is over-the-top or does not portray the home accurately, a home buyer may be less interested in making an offer and negatively affect the home sale price.<\/p>\n\n\n\n

Original published at https:\/\/dankrell.com\/blog\/2019\/03\/14\/curb-appeal-science\/<\/p>\n\n\n\n

By Dan Krell<\/a>
Copyright \u00a9 2019. <\/p>\n\n\n\n

If you like this post, do not copy; instead please:
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\"Protected<\/a><\/figure>\n\n\n\n


\nDisclaimer<\/a>.\n This article is not intended to provide nor should it be relied upon \nfor legal and financial advice. Readers should not rely solely on the \ninformation contained herein, as it does not purport to be comprehensive\n or render specific advice. Readers should consult with an attorney \nregarding local real estate laws and customs as they vary by state and \njurisdiction. Using this article without permission is a violation of \ncopyright laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Curb appeal is one of those \u201cintuitive\u201d topics that only gets media attention in the spring and maybe the fall.  If you search the internet, you\u2019ll find millions of websites that talk about curb appeal.  Because the concept is based on accepted lore, my guess is that most of those sites regurgitate the same ideas.  … <\/p>\n

Continue reading “Curb appeal science”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[415,123,61,13,1170],"tags":[924,865,522,797,517],"class_list":["post-4241","post","type-post","status-publish","format-standard","hentry","category-curb-appeal","category-home-sale","category-home-staging","category-real-estate","category-selling-a-home","tag-curb-appeal","tag-home-sale","tag-home-staging-2","tag-real-estate","tag-selling-a-home"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1VZLf-16p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/comments?post=4241"}],"version-history":[{"count":7,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4241\/revisions"}],"predecessor-version":[{"id":6629,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4241\/revisions\/6629"}],"wp:attachment":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/media?parent=4241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/categories?post=4241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/tags?post=4241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}