They include textured grasses, peonies, black-eyed Susan, and a carpeting of sedums. Inside your home, costly upgrades like changing the floor or countertops add value. “There’s no need to buy one to sell your home if you don’t already have one.”. 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. Although sellers understandably focus on the front yard, don’t neglect the backyard. It’s a term the real estate world uses to describe how attractive a home is when seen from the street. What It Costs to Remodel a Kitchen: Here’s the Typical Price Tag, Sheltered Home Shopping: I Bought a House in Tampa During Coronavirus, Buying in the City (When Everyone Else is Leaving For the Suburbs! This, of course, includes the cost of cultivating the gardens and installing plants, as well as hardscape features such as … As a real estate … “Curb appeal” refers to what potential buyers see when they drive up and park. An attractive and well-maintained landscape can add as much as 10 percent to the value of your home. Garden Design recommends 21 low-maintenance shrubs, perennials, annuals, and groundcover plants, organized by the USDA’s Plant Hardiness Zone Map. Only 1% of real estate agents told the NAR they’ve suggested homeowners put in an outdoor kitchen before selling. If you have more than one garage, it makes even more sense to do! 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. 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. NAR recommends power-washing your deck and applying at least two new coats of stain to maintain the deck’s look and integrity. Stage the same kind of outdoor-dining area with a gas grill, cushioned seating, and end tables. Here’s How Much Money You Need to Build Your Dream Home, What Upgrades Increase Home Value? “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.”. Amy Fedele, a gardener whose blog, Pretty Purple Door, has been featured in Country Living magazine and other publications, suggests grouping a specific type or color of plant together in clusters of three, five, or seven. Both, when designed and implemented together properly, create the perfect space for you to relax, entertain, and enjoy the great outdoors with your friends and family. Garden Design magazine suggests a number of “vertical gardening” ideas for a focal point in the garden, such as building a terra cotta planter wall on your fence, or using wrought-iron flower pot rings (such as these 8-inch ones from Achla Designs) to elevate planters on a porch or balcony. According to landscape economist John Harris, good landscaping can add up to 28% to your home's overall value. Get rid of weeds. For about $100 or less, you can purchase potted flowers or plants that intrigue buyers with color. 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. 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. (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). When preparing your home … Good landscaping is one of the key components of your home’s curb appeal. 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 … Also begin regular fertilizer treatments on your lawn; you want potential buyers to see a lush carpet, not a patchwork quilt. … Merritt has a journalism degree from Drake University and is pursuing an MBA from the University of Iowa. The answer is YES. This advantage ranges from 5.5 percent to 12.7 percent depending on the type of landscaping and the home's original value. Adding value through hardscaping. 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. These hardscape elements are most likely to get you a better price for your home. However, not all landscaping is created equal in terms of adding real dollar value to your home. 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. Choose plants such as delphinium, hydrangea, globe thistle, grape hyacinth, or blue fortune. 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%. (2) Real estate agents say well-designed landscaping can increase the value of your home up to 20 percent. But at a cost to install of perhaps $6,000, you’ll recover roughly 67% of that at resale. curb appeal. Does landscaping add value to homes? And what projects should you tackle first? ... Landscaping to add value. How Much House Can I Afford If I Make $70,000 a Year? Image Credit and Installation by: Keepers Turf Why, yes, thoughtfully installed artificial turf does add curb appeal and will positively impact the resale value of your home, particularly if your property is in an area of the country that’s impacted by persistent drought conditions.. Here’s the explanation in a nutshell. Posted on March 31, 2020April 3, 2020 6-7 min read. 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. You might find you’ll achieve a great impact for little expense, or as Critchfield advises, “Do the projects first that cost less money.”. 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. “Backyard landscaping has become more and more important to buyers,” Critchfield said. On the outside, you’ll see returns with regular care. 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. Landscaping Improves a Home's Value A well-landscaped home has a significant price advantage over a home with no landscaping. A well-landscaped home has a significant price advantage over a home with no landscaping. © HomeLight, Inc. 100 1st Street, Suite 2600, San Francisco, CA 94105. Renovations 25 Home Renovations That Will Not Increase the Value of Your … You’ll also have to research whether your community has any restrictions on such features (Denver, Colorado, for instance, bans “open fires,” which includes fire pits), or whether the installation impacts your homeowners’ insurance policy. Landscaping can add tens of thousands of dollars to the value of your property. That would buy a substantial landscape upgrade for most homes. In fact, it is one of the few home improvements you can make that not only adds value immediately, but also increases in value as the years go by. Plus, it costs as low as $1.60 for a bag that covers 2 cubic feet. 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. For example, cutting fresh edges around your planting beds; having a sharp, well-defined edge between grass and mulch or dirt gives the landscape a professional look. Valerie Kalfrin is a multiple award-winning journalist, film and fiction fan, and creative storyteller with a knack for detailed, engaging stories. Across a variety of research out there on the ROI of landscaping, there’s one common theme: Landscaping adds significant value to your home. Close behind is plant size and maturity. You also can combine these elements, using hardscaping, xeriscaping, and plants typical for your area. For an estimated 43% ROI, it’s not worth taking on just to sell your house. 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 … 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. 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. But before you start budgeting or browsing the home store, be careful not to go overboard. Just how does landscaping add value? The number-one thing that buyers are looking for in landscaping is a manicured design. There's more to landscaping than sticking some flowers and a couple shrubs in the ground, however. by Valerie Kalfrin
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. If you plan to sell within a year, you can take several immediate steps to dress up your landscape and boost your selling price. Knocking out the right wall creates that spacious layout on buyers’ wish lists. (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). 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. 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. 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. In terms of how much value it can add, Virgin Money suggests converting a garage can add 20% to the value of your home. The million dollar question is: does landscaping add value to appraisal? Of course, landscaping adds value to your home. You can power-wash the patio and any seating as well to jettison any dirt and cobwebs. A lesser factor, but one still worth considering, is the diversity of plant life within the landscaping design. “Certain homes can pull off a red, but it has to match the color scheme of the house,” he said. Landscaping and real estate experts agree that how your home looks on the outside builds buyer anticipation for what’s inside. Projects that add curb appeal can raise a home’s value by as much as 20 percent. 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. 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. Using plants of varying sizes or planters with multiple tiers adds visual interest through height as well as depth, so the landscaping doesn’t appear flat. The change in value (from no landscape to well-landscaped) ranged from 5.5 percent (Louisiana) to 11.4 percent (South Carolina). 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. While you might think a patio is just a patio, this is not exactly true. Better Business Bureau. 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. Such as: Although a full-blown kitchen on the patio complete with countertops, cabinetry, and a wet bar exudes luxury and helps market to home buyers shopping in the high-end range, it also costs about $12,000 to $20,000 to install, with an estimated ROI of 71%. Thus, a home valued at $150,000 with no landscape (lawn only) could be worth $8,250 to $19,050 more with a sophisticated landscape with color and large plants. “This advantage ranges from 5.5 percent to 12.7 percent depending on the type of landscaping and the home’s original value. Even an amateur can get a professional-looking landscape for $500 to $3,000 worth of plants and materials if she's willing to do the work. Outdoor kitchens are popular additions, and most experts estimate that homeowners with kitchens in their outdoor living… Opt for black mulch in colder regions because it retains sunlight and heat better. ), Finding the Perfect Home When Everyone’s Buying in the Suburbs, How Does the Fair Housing Act Protect Buyers, Sellers, and Renters? But to truly turn your greenery into greenbacks, talk with your real estate agent first about your competition, market conditions, and your targeted buyers. But again, this is a hefty investment: installing an 18×36-foot in-ground pool that’s about three to seven feet deep costs about $58,000, including the standard filtration system. Regular lawn care — mowing, applying fertilizer, and weed control — recovers an estimated 267% of the cost of upkeep at the time of sale. 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. Open up the floor plan. If not, the average cost of mowing a lawn ranges from about $30 to $80 per visit, depending on square footage, with extra fees for edging. Yet often a home's outdoor landscaping is overlooked, or underdone, in the preparation for the sales process. 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. If you are planning to sell your home this spring, follow these tips to get your yard in shape without breaking the bank. 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. 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. But the economic value of landscaping means more than an increase in your property value. That translates into an extra $16,500 to $38,100 in value on a $300,000 home. Even if you don't have – or won't spend – the money to hire a landscape designer, at least draw up a master plan for your yard and stick to it. In certain price ranges and areas of the country, such as Florida, Arizona, California, and Texas, a pool can be an expected amenity. 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. There are many different elements that go into the design and overall feel of your outdoor space. Adding a pond is not only a great way to add value to your home, but is truly a joy to have and be around. The biggest landscaping mistake that homeowners make is not having a coherent plan. 3. 19 High-ROI Improvements Buyers Love, Here’s What to Expect From A Home Appraisal So You Don’t Blow It. 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. 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. 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. Find top real estate agents in these similar cities, HomeLight has an A+ rating with the Having a long-term landscaping plan is great if you're in the house for the long term. 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 backyard is a prime area to highlight as an oasis. Here’s how: Even with a small yard, you can create the feeling of ample green space. 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. Hardscaping is something that a lot of people do on accident. “Buyers are falling in love with the features backyards can offer.”. 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. He has contributed to USA Today, The Des Moines Register and Better Homes and Gardens"publications. 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. 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. 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