NEW YORK — Homeowners know there’s no shortage of ways to tweak a property. Some homeowners may lament that the work associated with homeownership is never done, but owning a house also provides endless opportunities to upgrade the spaces people call home.
Landscape lighting has become increasingly popular in recent years. That popularity is undoubtedly due to a number of variables, and each highlights a benefit of installing landscape lighting around a property.
Affordability: Some may think of big budget projects like kitchen remodels or room additions when pondering home renovations. Such projects can have a dramatic impact on the look and feel of a home, but landscape lighting can be equally transformative at a fraction of the cost of larger undertakings. The home renovation experts at Angi.com estimate the average landscape lighting project costs around $4, 000, making affordability a notable benefit of the project.
Appearance: There’s no denying the aesthetic appeal of a well-lit landscape at night. Landscape lighting can be utilized to draw attention to awe-inspiring components of a landscape, whether it’s natural features like gardens and foliage or manmade components like architectural features. Improved appearance can increase curb appeal, which is often associated with how a home looks during daylight hours. But photographs of a well-lit nighttime landscape can impress buyers as well. Cost savings: Landscape lighting might help homeowners reduce the cost of their homeowners insurance. Researchers at PolicyGenius.com found that insurance companies typically offer a discount of 2% to 5% to homeowners who install a home security system. Insurance providers may offer additional savings to homeowners who pair such systems with landscape lighting, which can be a deterrent to burglars who prefer to operate under a cloak of darkness.
Safety: Insurance firms may discount premiums because of landscape lighting because they view it as a deterrent to potential criminals. But landscape lighting also makes moving around a property at night safer for residents and guests. Lighting can be used to illuminate walkways, outdoor living rooms, patios around pools, and other areas where residents and guests will be walking at night, which can reduce the risk of falls and injuries that may result from such spills.
ROI: Savvy homeowners consider a renovation’s return on investment before deciding to go forward with a project. Studies vary, but the National Association of Realtors® indicates landscape lighting can recoup as much as 70% of homeowners’ investment in the project at resale. When viewed through the lens of ROI, the cost of installing landscape lighting is even less.
Landscape lighting adds notable aesthetic appeal to a home at a fraction of the cost of other renovation projects. The benefits such lighting provides make the project one every homeowner can consider.
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