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If you are like most people, you landscape your home for your own pleasure. You want your home to be attractive from the front for both yourself and your visitors. Backyard landscaping is designed for both your enjoyment and for functionality. The backyard is utilized more frequently for entertaining and you want a comfortable and eye appealing environment for your guests and family.
In today’s real estate environment, many people have asked me about the relationship between how much money they should spend on landscaping and the resulting value of their home.
Will the money spent on landscaping be recouped by adding value to your property?
Research shows that a well landscaped home has a 5-1/2 to 12% advantage over the same type of home with no landscaping. You can determine what this would mean to you by multiplying the estimated value of your home by these percentages. This will give you an idea of how much you would want to spend on landscaping.
Here are the results from some recent studies:
A well landscaped lawn was ranked as one of the top home improvements for a return on your investment. Also, there was a recent study that demonstrated the recovery value to be 100% - 200% of the costs of landscaping when it comes time to sell your home.
Homes with excellent landscaping will often sell for 6 to 7% higher than comparable homes with just average landscaping. This can mean thousands of pounds in today's market. Studies also showed that perceived value of a home is higher by 12% in a home that is improved with landscaping.
A survey was recently conducted that demonstrated that landscaping a home adds value and actually causes the home to sell more quickly.
I am also often asked about trees. Studies have shown that trees can increase the value of a home by 3% to 7%. We are always available to advise you on what trees are good for your area.
These studies have shown that adding landscaping can definitely provide an increased value to your home. We realise that money can be tight. We can help you put together a plan that can be implemented over time and will bring pleasure to your family and value to your home.
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