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By Melissa Dittmann Tracey, REALTOR® Magazine
Don’t underestimate the power of a space based on its size. Sure, your listing may be size-challenged in the yard department, but that doesn’t mean it can’t still be a showpiece.
“As building lots continue to be smaller and scarcer, lot preparation with the goal of maximizing livable outdoor space tops the list of property enhancement desires,” according to Kermit Baker, chief economist at the American Institute of Architects. Indeed, the desire for outdoor living space ranked tops among architects for landscaping trends in the first quarter of 2017 AIA survey. Blended indoor/outdoor living came in second.
In the latest issue of REALTOR® Magazine, we took a look at How to Make a Big Statement With a Small Yard.
There are plenty of ways you can enhance a small space and several design experts showed us how, from setting a focal point to using reflective materials, tweaking the furnishing scale, accenting with container gardens and layering the light. Read tips on each, and take a look at a few examples.
Show off the green
Prune plants so they’re more vertical than horizontal, training them to grow up rather than out. Also, consider creating a vertical wall of planters, like containers of ornamental grasses. You can also raise plant height by several feet using retaining walls, raised beds, or extra long, slender containers.
Photo courtesy: Dennis Hammett, Ebby Halliday REALTORS(R)
Photo Credit: Photos by Linda Oyama Bryan for Mariani Landscape, Lake Bluff, Ill., a member of the National Association of Landscape Professionals
Create functional, inviting spaces
Even a small backyard can show off a dining space or an area with comfy chairs around a fire pit. Show how the space can be used for entertaining.
Photo Credit: Photos by Linda Oyama Bryan for Mariani Landscape, Lake Bluff, Ill., a member of the National Association of Landscape Professionals ]
The “Within These Walls” website shares more history and photos of the exhibit: http://amhistory.si.edu/house/home.asp.
New Home Sales Rise But So Do Prices
Sales of previously owned homes rose in May.
New home sales are up 9% over 2016.
New home prices are now at a record high.
Average sales price of new homes sold in May was $406,400.
Price increases are largely being driven by a low inventory and high buyer demand.
But why, if there are so many buyers, aren't builders building more houses?
Lack of available building lots.
A strengthened labor market and still-low mortgage rates are keeping buyers interested and active in the market.