Does Landscaping Increase Your Home Value?

    landscape

    A Virginia Tech research project has concluded that upgrading a home’s landscaping from average to excellent can result in a 10 to 12 percent increase in overall value. Alex S. Niemiera, a researcher with the Virginia Tech Department of Horticulture, concluded that a $150,000 home with no landscaping could earn an additional $8,300 to $19,000 with the addition of color and large plants.

    Though the apparent value of landscaping varied from state to state, the increase in value from no landscape to well-landscaped ranged from 5.5 percent to 12.7 percent. Survey results indicated that landscape elements were valued for design sophistication, plant size, and diversity of plant material type, in that order, with the most preferred landscaping having “large deciduous, evergreen, and annual color plants and colored hardscape,” as reported by Niemiera. The survey seems to indicate that “landscape expenditures significantly increase perceived home value and will result in a higher selling price than homes with a minimal landscape.” The project further concludes that when landscaping increases curb appeal, it helps to differentiate a subdivision home where house styles are similar. In a competitive real estate market, potential buyers may be lured by the landscaping.

     

    Source:
    www.REALTOR.org

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