curb appeal. In certain price ranges and areas of the country, such as Florida, Arizona, California, and Texas, a pool can be an expected amenity. Choose flowers and accents in calming, rich tones of blue, such as cobalt, a new trend for 2020, according to the NALP. Although sellers understandably focus on the front yard, don’t neglect the backyard. There’s no doubt that landscaping can add value to your home, both in psychological and emotional benefits while you’re living there as well as boosting your bottom line once you move. Having a long-term landscaping plan is great if you're in the house for the long term. Keep in mind this is just a guide… you also have to consider how the landscaping affects your salability. In one HomeLight survey, 94% of top agents said that great curb appeal equals money in your bank account at closing — and you don’t have to break the bank to wow buyers, either. Repurposing items in a garden is a clever and growing trend (pardon the pun): A cracked birdbath finds new life and makes a statement as a planter. Certain projects, such as adding a well-thought-out family room or other functional space can be a wise investment, as they do add to the value of the home. But at a cost to install of perhaps $6,000, you’ll recover roughly 67% of that at resale. That would buy a substantial landscape upgrade for most homes. The answer is YES. Real estate agents in Ann Arbor MI have known for years that landscaping increases a home’s resale value, but recent trends in home sales show that hardscapes can also increase your home’s resale value. There's more to landscaping than sticking some flowers and a couple shrubs in the ground, however. Landscaping Improves a Home's Value A well-landscaped home has a significant price advantage over a home with no landscaping. For an estimated 43% ROI, it’s not worth taking on just to sell your house. Having a pond installed will increase your quality of life and raise the value of your home; which is a win-win. Not feeling that handy? But to truly turn your greenery into greenbacks, talk with your real estate agent first about your competition, market conditions, and your targeted buyers. An outdoor fireplace or a fire pit, such as a dry-stacked natural stone kit with gas burner, also adds marketability—and topped an ASLA survey of the most popular outdoor design elements. Landscaping can add tens of thousands of dollars to the value of your property. Over time, weather can wreak havoc on a deck, causing the stain to fade or crack and leaving the wood vulnerable to rot. How Much House Can I Afford If I Make $70,000 a Year? While interior decor and design concepts regularly go out of style and mechanical systems wear down, plants grow fuller and more robust as the years go by. They decide to put a tree in, and then a few years later add some flower beds, then maybe put in some shrubs and another tree. by Valerie Kalfrin
That translates into an extra $16,500 to $38,100 in value on a $300,000 home. Knocking out the right wall creates that spacious layout on buyers’ wish lists. Brown mulch, which tends to lose its color after one season, is a good universal color that makes plants appear vibrant, the company says. Home Depot has an online calculator to help you figure how much mulch you’ll need. NAR recommends power-washing your deck and applying at least two new coats of stain to maintain the deck’s look and integrity. Pull up a patio chair or a chaise lounge, and let’s see. The next time you want to add value to your home, consider outdoor improvements such as planting beautiful new flower beds, adding a sturdy decking, laying down a … Adding value through hardscaping. They include textured grasses, peonies, black-eyed Susan, and a carpeting of sedums. A landscape full of large, mature plants is obviously one that has been carefully tended to over the years, and that sends a signal to buyers. First impressions count, and when a buyer sees your home for the first time, curb appeal and the care of the landscaping are the first indicators of how well the home has been cared for. Just make sure you don’t cut your grass too short or too often, or you’ll risk brown patches and more sunlight reaching the weeds, causing them to sprout. Valerie Kalfrin is a multiple award-winning journalist, film and fiction fan, and creative storyteller with a knack for detailed, engaging stories. And add splashes of color with flowers; pick up some colorful annuals for a few dollars apiece, and be willing to invest a few hundred dollars in larger perennials and shrubs, so that your yard doesn't look as if you just started working on it – even if you did. Here’s how: Even with a small yard, you can create the feeling of ample green space. Who hasn’t heard about the value of curb appeal? A lesser factor, but one still worth considering, is the diversity of plant life within the landscaping design. Making the right changes to your home can increase its market value significantly – with garden landscaping coming out on top for the most value added. You won’t want to invest in projects that don’t have a huge ROI, appeal to a narrow segment of buyers, or that you won’t be living in the house long enough to enjoy. A healthy lawn, bright flowers, and lush greenery nourish us from the inside, providing oxygen as well as reducing stress and improving our quality of life. The biggest landscaping mistake that homeowners make is not having a coherent plan. © HomeLight, Inc. 100 1st Street, Suite 2600, San Francisco, CA 94105. For a $200,000 home, that would mean a $10,000-$20,000 upgrade; for a $500,000 home, it would be $25,000-$50,000. Also, mow when the grass is dry for fewer clumps, and leave the clippings on the lawn (unless they form clumps or rows) to return nitrogen and nutrients to the lawn. If your house sits where buyers might think they’ll hear road noise — for instance, off a high-traffic road, near a traffic light, or on a corner lot in a neighborhood — enhance the oasis feeling by reducing noise and adding privacy. When preparing your home … By now, we might have inspired you to plot out a whole new yard. A patio is a type of hardscaping that will definitely add value to your home, and hardscaping tends to add much more value than landscaping. Although red mulch is popular among commercial areas, Critchfield recommends a darker color, such as brown or black. A dining area, dry laid patio, a patch of gravel, a covered patio or an above-grade deck: According to SmartMoney.com, a landscaped patio raises … The million dollar question is: does landscaping add value to appraisal? Some add softness and life to your yard, and some of them add structure and hardness. Of course, landscaping adds value to your home. Good landscape design can add up to 20 percent to your home’s value, so it’s no surprise that poor exterior choices can have the opposite effect. “Backyard landscaping has become more and more important to buyers,” Critchfield said. Renovations 25 Home Renovations That Will Not Increase the Value of Your … Consider it a, The American Society of Landscape Architects (ASLA) recommends investing, The National Association of Realtors (NAR) and the National Association of Landscape Professionals (NALP) estimate that applying mulch annually, mowing about 2,800 square feet of lawn, pruning shrubs, and planting about 60 annuals or perennials, HomeLight’s top agents, working with data on national average costs from HomeAdvisor.com, estimate that lawn care service of about $268 adds about $1,200 in value—a. An attractive and well-maintained landscape can add as much as 10 percent to the value of your home. A shade sail is a simple DIY job, it simply involves installing three timber posts and a shade sail kit … Watch enough HGTV and there’s one phrase you’re bound to hear over and over again. Buyers concerned they don’t have much of a green thumb, those interested in water conservation, or those who worry about upkeep will appreciate a low-maintenance landscape. In other words, according to Henderson and Butt if you spend $20,000 landscaping your property, you immediately add $6,000-$12,000 in value. Come up with a plan before you do any landscaping. If you plan to sell within a year, you can take several immediate steps to dress up your landscape and boost your selling price. A handyman or handyman service takes about three to five hours to clean and stain a deck measuring about 20×25 feet (or 500 square feet) at a cost of roughly $1,000, or $2 per square foot. “Curb appeal” refers to what potential buyers see when they drive up and park. Plus, you may eliminate some buyers who aren’t “pool people” or who don’t want to deal with the maintenance. Too Much Wallpaper. Or maybe you are just curious if having a pond will add value to your home; in which case the answer is a resounding yes! Advantages & Disadvantages of Landscaping, How to Keep Dirt in a Borderless Flower Bed, The Best Time to Plant Variegated Weigelas, Inexpensive Landscaping Ideas to Help Sell a House, Virginia Tech: Effect of Landscape Plants on Perceived Home Value, How to Make Your House Appraise for More Money. This information could certainly come in handy when it comes to selling your property as research reveals that the right garden can add anywhere between five to 20 per cent to a … (Roughly 90% of HomeLight’s top real estate agents recommend homeowners remove dirt, grime, and cobwebs from the front entrance alone to ramp up curb appeal before selling). But before you start budgeting or browsing the home store, be careful not to go overboard. Most studies show that landscaping can add as much as 12-15 percent to the value of your home. The change in value (from no landscape to well-landscaped) ranged from 5.5 percent (Louisiana) to 11.4 percent (South Carolina). The great thing about the effect of landscaping on property value is that it doesn’t require doing anything extra. You can take on this project yourself with the proper equipment (renting an electric power washer costs about $39 per day, for instance, while stain costs about $25 to $30 per gallon), or hire a professional. Because the NALP says walkways and patios with contemporary, geometric patterns are a new trend for 2020, consider installing or redoing a walkway with pavers starting at about $1,700 (depending on materials and size), or painting a pattern on the existing patio or walkway using concrete stain. It’s a term the real estate world uses to describe how attractive a home is when seen from the street. Potential home buyers form their first impression of a home from its curb appeal. If you have the basics down, like a well maintained lawn and garden beds with fresh mulch and thoughtfully arranged flowers and shrubs, that’s a great start. (Although you also can trim your trees and snip your shrubbery with a handheld lopper or pruner — check out our visual guide for the proper way to cut — it’s wise to let a landscaper prune trees that are close to your house or exceptionally tall or overgrown, which can cost about $75 to $1,000, depending on height). However, not all landscaping is created equal in terms of adding real dollar value to your home. Wright Manufacturing, a lawn equipment manufacturer based in Frederick, Maryland, adds that red mulch decomposes quicker because it’s often made from recycled wood chips. According to landscape economist John Harris, good landscaping can add up to 28% to your home's overall value. Find top real estate agents in these similar cities, HomeLight has an A+ rating with the … Utilizing home value. He has contributed to USA Today, The Des Moines Register and Better Homes and Gardens"publications. Here’s what studies have to say: Critchfield says he advises clients to do these basics to create striking curb appeal without having to spend too much: If you have a mower and edger, you can handle this yourself. And according to a research paper by Clemson University Professor Mark S. Henry , even taking your landscaping and gardening efforts from 'good' to 'excellent' could add significant value to your home - at least 6-7%. That's a good indication that they've taken care of the inside of the house as well, which is appealing to home buyers. When your house is on the market, all the attention you’ve put into your landscaping reaps additional benefits: More interested buyers and a better asking price. A landscape that's assembled piecemeal looks disorganized, and that turns buyers off. “A lot of older people that I talk to in Utah, one of the main reasons that they want to move is that they are tired of taking care of the landscaping.”. Hardscaping, by the way, is any … According to the American Society of Landscape Architects, the experts recommend to invest about 8-10 percent of your home’s value in landscaping, which includes soft and hardscaping. A lot of experts say yes. There are many different elements that go into the design and overall feel of your outdoor space. You can power-wash the patio and any seating as well to jettison any dirt and cobwebs. Posted on March 31, 2020April 3, 2020 6-7 min read. A low-maintenance landscape can be a matter of adding hardscaping (non-living features such as a walkway, patio, or retaining wall), or embracing xeriscaping (pronounced “ZEH-ri-skeiping”), a combination of the Greek word “xeros,” meaning “dry,” and the word “landscape.” Xeriscaping relies on drought-friendly plants, such as succulents, California sagebrush or Terra Cotta yarrow, reducing the need for frequent watering. “A well-landscaped home has a significant price advantage over a home with no landscaping,” writes Cam Merritt in SF Gate’s Home Guides. While landscaping will add value to your property, extensive landscaping can potentially drive away serious buyers as many won’t have enough time to invest in maintaining the high-maintenance landscape. Strictly going by these numbers, you might figure on spending 5-10 percent of the value of your home on a landscape upgrade and expect to get most of it back right away. Hardscaping is something that a lot of people do on accident. Just how does landscaping add value? Close behind is plant size and maturity. Yet often a home's outdoor landscaping is overlooked, or underdone, in the preparation for the sales process. (1) Energy-efficient landscaping can reduce the cost of heating and cooling your house. ), Finding the Perfect Home When Everyone’s Buying in the Suburbs, How Does the Fair Housing Act Protect Buyers, Sellers, and Renters? Stage the same kind of outdoor-dining area with a gas grill, cushioned seating, and end tables. Get free, objective, performance-based recommendations for top real estate agents in your area. Merritt has a journalism degree from Drake University and is pursuing an MBA from the University of Iowa. “There’s no need to buy one to sell your home if you don’t already have one.”. For about $100 or less, you can purchase potted flowers or plants that intrigue buyers with color. Landscaping, hardscaping and home exteriors all count. “Like dating, love at first sight can also happen if your landscaping is properly done,” says Justin Critchfield, a single-family home expert real estate agent in Salt Lake City, Utah. “Buyers are falling in love with the features backyards can offer.”. Talk to your real estate agent about the demographics of buyers in your area for your price range, Critchfield adds. This creates a “drift” of plants that adds flow to your landscape and a stronger impact than just scattering them; it also moves the eye pleasantly along the landscape instead of a visitor feeling like your flower beds play “connect the dots,” she writes. Across a variety of research out there on the ROI of landscaping, there’s one common theme: Landscaping adds significant value to your home. These hardscape elements are most likely to get you a better price for your home. Better Business Bureau. 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