As the housing market waxes and wanes and more and more people get edgier about their investments, an odd phenomenon is growing more common: homeowners acting with the value of homes around them in mind. It’s common knowledge that if you let your lawn go fallow and don’t mow it, you can make the whole neighborhood look bad at the same time, and many a parent has sent their child over to an absent neighbor’s home to go take care of their greenery, but now people are taking it a step further and keeping it in mind for renovation.
A common example of this is the installation of wrought iron railings on balconies and similar structures. Wrought iron makes a sturdy, ornate building material to begin with, and is deeply appreciated for its aesthetics. However, it has gained popularity as a choice for external construction as it will often be viewable from the property of the neighbors. Many renovators are taking this extra bit of care with the aesthetics of their home to not only improve their living space, but see that the view from their neighbors’ property improves as well.
Of course, raising the value of a neighbor’s home even the tiniest bit by increasing the apparent value of the homes around it bodes well for everyone on the block, so while the exact difference such choices make is difficult to assess, it is still a factor that has entered the mental equations of numerous homeowners planning to remodel.