Not only does landscaping increase exterior appeal, but it can give real estate a 15 percent increase in value, according to a Virginia Tech study. The study found that the perceived value of a home is affected by the size, type and design of the plant in landscaping. Gardening can add tens of thousands of dollars to the value of your property. In fact, it's one of the few improvements you can make to the home that not only adds value immediately, but also increases in value as the years go by.
While interior design and decoration concepts go out of style and mechanical systems wear out, plants grow fuller and more robust as the years go by. In addition, the data repeatedly show that exterior appeal, in the form of attractive landscaping, is very useful. Sellers can earn 5% to 12% more value from their home (depending on where the property is located) with a well-maintained landscape, adds de Jong. Here are 10 landscaping projects that industry experts say are worth investing to increase the value of your home.
Dropping plants at random can feed your gardener Jones, but a professionally organized design will take your landscape and retail price to the next level. They can be equipped with sensors that smell the air and water levels in your garden and water only when needed. If you plan to sell within a year, you can take several immediate steps to adorn your landscape and increase your selling price. Erosion and the flow of contaminants and sediments can be reduced to nearby water bodies when dampers are planted in the landscape.
As attractive as a pool is, you rarely invest in a pool to increase the value of the property. A tidy lawn leaves the buyer with the impression that they are seeing a landscape that is easy to maintain. ASLA has reported that members have seen 10 percent growth in customer demand for drought-resistant gardens. Niemiera, a horticulturist at Virginia Tech, found that a well-landscaped home had a price advantage of 5.5 percent to 12.7 percent over a home without landscaping, say Chase and Patti Michels of Chicago real estate agency Michels Group.
And while the services of the two may overlap, certified landscape architects often go beyond designers and can provide top-notch plans and installation help. A Virginia Cooperative Extension survey found that landscaping expenses, especially large ones, “significantly increase perceived value. Therefore, you may want to invest in larger trees and mature vegetation that seems more established for your landscaping project. Let's take a closer look at when landscaping decreases or increases home values and which projects may offer the best opportunity to get the most out of your investment.
Whether in uncertain financial times or in times of prosperity, landscaping your property is a smart investment strategy. The American Society of Landscape Architects (ASLA) states that professional landscaping can increase the price of a home “15 to 20 percent more at the time of resale. First impressions count, and when a buyer sees your home for the first time, the exterior appeal and the care of the landscape are the first indicators of how well the home has been cared for.