When homebuyers pull up to view a new home, one of the first things that they encounter is a home’s landscaping. Your home’s landscaping is pivotal in creating that very first buyer impression. Good or bad, your landscaping can affect your home’s desirability in the eyes of potential buyers.
In fact, some economists suggest that good landscaping can add nearly a third to your home’s overall value. This is great news for homeowners who are looking for ways to increase the value of their home in a succinct manner. A Michigan University study found that landscaping achieves high-value returns, citing that homeowners were able to achieve a 109 percent return for every dollar that they spent on their home’s landscaping. That is more than any other home improvement. The same research study found that well-designed, sophisticated landscape design increases a home’s perceived value by 5-11 percent.
There have been numerous studies that prove that trees increase your home’s value. This indisputable fact does come with a caveat. In order for trees to add value, they must be healthy, mature but not old, and native to the area. This means that homeowners who are looking to sell their home in 10 – 20 years time, may want to plant some trees so that they can get more on their return. It also means that the home buyer of Durango CO real estate would need to plant different trees than the home buyer in Phoenix, AZ.
Well-kept plants and shrubbery can increase your home’s curb appeal and its value. Across the country, home’s with great landscaping that included well-maintained plantings topped the values of those that did not.
3) Outdoor Lighting
Protective and tasteful, lighting is at the top of many buyer’s wish list. In fact, some surveys show that 41% of all buyers rate the feature as “essential,” and many more list it as a desirable feature to have.
Although nice to have, privacy fencing does not increase your home’s value. Because most privacy fencing is located along a property’s backside, it doesn’t have the same effect on curb appeal as other landscaping improvements. Additionally, if all of the neighbors have similar fences, your home will not appraise much different in that aspect than similar homes within the neighborhood.