How Landscaping Impacts Property Value
Landscaping is an essential aspect of home design that many homeowners overlook. However, research shows that landscaping can significantly impact a property's value. A well-maintained and visually appealing landscape can increase a home's value by up to 10%, according to a survey by the National Association of Realtors.
Additionally, landscaping can help to make a home more attractive to potential buyers. In fact, a survey by the American Society of Landscape Architects found that 90% of real estate agents recommend that homeowners invest in landscaping before selling their home. This investment works because 87% of homebuyers believe that landscaping was important when choosing a home!
A beautiful and functional landscape can create a positive first impression, attract potential buyers, and even increase the likelihood of a sale.
As a REALTOR, you should know the following five ways that a well thought out landscape can increase your clients’ property value.
Curb appeal: A well-designed landscape can significantly enhance the curb appeal of a property. A home with an attractive landscape, including a well-maintained lawn, a variety of trees and shrubs, and colorful flowers, can create a positive first impression and make the property stand out in the neighborhood.
Outdoor living spaces: Well-designed outdoor living spaces, such as patios, decks, or pergolas, can provide functional space for entertaining and relaxing, and increase the overall living area of a property. These features are highly desirable to many homebuyers and can increase the value of a property.
Trees: Mature trees can add significant value to a property. According to a study by the USDA Forest Service, a mature tree can increase a property's value by as much as $1,000 to $10,000, depending on the species and location. Trees can provide shade, reduce energy costs, and improve air quality, making them highly desirable to many homebuyers.
Hardscaping: Well-designed hardscaping features, such as walkways, retaining walls, and water features, can enhance the visual appeal and functionality of a property. These features can also increase a property's value, especially when they are designed to complement the overall landscape design.
Low maintenance landscaping: Low maintenance landscaping can be a significant selling point for many homebuyers, as it requires less time and money to maintain. For instance, using native plants, planting perennials instead of annuals, and using mulch to reduce weed growth are all ways to create a low maintenance landscape that can increase a property's value.
On the other hand, a poorly maintained or unattractive landscape can detract from a property's value and make it less appealing to potential buyers. For instance, overgrown or dead trees and shrubs, weeds, and unkempt lawns can give the impression that the property is not well-cared for and may need extensive repairs and renovations.
Investing time and resources into a home's landscaping can be a worthwhile endeavor, not just for a homeowner's own enjoyment but also for increasing the property's value and appeal to potential buyers.