|Center City, Philadelphia | View from Penn Park|
What is curb appeal exactly?
Well, according to Investopedia.com, curb appeal is defined as:
"The general attractiveness of a house or other piece of property from the sidewalk. This term is often used by Realtors trying to sell or evaluate a piece of property. There are many things that can increase the curb appeal of a piece of property. A new paint job, landscaping, and siding can go a long way toward accomplishing this. Though not as easily measured as something like square footage, curb appeal plays an important role in property valuation."
This article lists and describes 5 projects that are changing Philadelphia for the better, in what they are calling a "cultural face-lift." As an agent, I would call it curb appeal.
Curb appeal plays a big role in why someone would buy or rent a home. For starters, it's their first impression of the home. Have you ever heard the expression, you eat with your eyes first? The same is true in real estate. Your impression of the exterior, yard, and block are the first things you digest (no pun intended) when looking at a home.
Hence, curb appeal is important.
That's why I'm classifying these projects as enhancements to our city's curb appeal. They make the city more attractive, and more desirable, to those who are looking to move here. Whether you grew up in the surrounding metro area, or you're relocating from the west coast, Philadelphians are putting time and effort into making their city more appealing to the masses.
You can see the difference for yourself.