The statistics*:
- Homes
with "good" landscaping (compared to fair or poor) - 4-5%
higher in value.
- Homes
with "excellent" landscaping (compared to fair or poor)
- 8-10% higher in value.
- Homebuyers
think landscaping adds 14.87% to a home's selling price.
- Landscaping
as a home-improvement project has a recovery
value of 100 to 200 percent if it is well done and
harmonizes with the nearby environment.
- (95%)
of the members of the Society of Real Estate Appraisers concur that
landscaping adds to the dollar value of real estate, while 99
percent said that landscaping enhances property's "sales appeal."
- 5% of
a home's value spent on landscaping
can return 150% in home value
- Consumers
value a landscaped home as much as 11.3%
higher than its base price
- A landscaped
patio can raise property values more than 12%.
What is the common
factor with these trends and statistics...?
It is the
GOOD-EXCELLENT quality
landscaping done by a
PROFESSIONAL that gets the RESULTS!
What do these statistics suggest?
- Spending $5,000
on a professionally installed stone or paver patio could increase the
value of your $200,000 home by as much as $20,000 to $24,000!
- Spending 5% of $200,000
(or $10,000) in professional landscaping in your yard might increase
your home's value by $15,000 or more!
- A well-planned,
professional, landscape makeover project that costs $10,000 could recover
all of its $10,000 or as much as $20,000 in return when your house
is sold!
- Creating a professional-quality
exterior environment with your $400,000 home may increase its value
by as much as $40,000 !
The
bottom line - HIRE A PROFESSIONAL! It Pays!
*
Background...
A researcher
at Clemson University published research that evaluated the contribution
of landscaping on the price of single-family homes. The sale prices of
a sample of 288 homes were related to house characteristics, location
and landscape quality. A house that ranked an "excellent" landscape
quality rating could expect a sales price 4 to 5 percentage points higher
(depending on the size of the lot) than equivalent homes with "good" landscaping
and 8 to 10 percentage points higher than homes with a fair to poor rating. Henry,
Mark S. 1994. The contribution of landscaping to the price of single
family houses: A study of home sales in Greenville, SC. J.Environ.Hort.
12 (2):65-70. June 1994
"The
Great Outdoors"
When Americans want to enhance their homes, they focus on the outdoors. In
a recent Gallup research project, homebuyers revealed they
think landscaping adds 14.87 percent to a home's selling price. In
another survey, Money magazine reported that landscaping
as a home-improvement project has a recovery value of 100 to 200 percent if
it is well done and harmonizes with nearby foliage. Real estate
agents agree. Ninety-five percent (95%) of the
members of the Society of Real Estate Appraisers concur that landscaping adds
to the dollar value of real estate, while 99 percent said that landscaping
enhances property's "sales appeal," increasing the
actual speed of the sale.
Lawn & Landscape, August 2002
"The
Land of Opportunity"
An article in the March 2003 issue of Smart Money contains the following statistics:
5% of a home's value spent on landscaping can return 150% in home value. Consumers
value a landscaped home as much as 11.3% higher than its base price. A landscaped
patio can raise property values more than 12%
Landscape Design/Build, April 2003 |