16 May Landscaping and The Impact on Home Value
The right landscaping choices can increase the value of your property by tens of thousands of dollars. In fact, landscaping is one of the few improvements that you can make to your property that will increase the value immediately, but also the value will continue to increase as time goes by. Interior design and décor may go out of style over time and mechanical systems will begin to wear out, but plants will only continue to grow more robust and full year after year.
Horticultural research indicates that a property that is well landscaped has a considerable price advantage over those that do not have any landscaping. In some cases, the difference was as much as 12%, which translates into an additional $36,000 in value on a property valued at $300,000.
Landscaping is more than simply sticking a few shrubs and flowers in the ground. The primary attraction for people interested in purchasing a home is landscaping with a sophisticated design. Plant size and maturity run a close second. Finally, the diversity of plants within the design is also something to consider.
The Importance of Planning Ahead with Landscape Design
The number one mistake that many homeowners make is not creating a comprehensible plan for their landscape design. A homeowner may decide that they want to plant a tree on the property, and then later on a few years down the road they want to add a couple of flower beds, then perhaps a shrub or two and them maybe even another tree.
However, a landscape design that is assembled in this piecemeal manner will appear disorganized, turning off prospective buyers. Therefore, it is crucial to come up with a good plan before you take the first step in landscaping.
A long-term landscaping plan is ideal if you are planning to remain in your home for a while. If you intend to sell the property within the next year, you will want to take a number of steps immediately in order to dress up the landscape and increase the selling price.
If you do not have the money, or if you are just not willing to spend it to hire a professional landscaping company to architect and construct the project, all is not lost. You can at least draw up a master plan for the landscaping project on your property and commit to small chunks each season. Even if you are nothing more than a mere amateur, it is possible for you to create a professional landscape on your property for as little as $500 to $3,000 depending on the on landscaping company, plants and materials you choose for your project.
Once your beautiful landscape is in place, all you have to do is keep it maintained. A landscape that is full with lush, mature plants lets prospective buyers know that the property has been taken care of well over the years. Proper landscape maintenance shows how well you care for your home on the outside, and signals to people that the home is also well maintained on the inside. This may attract more potential buyers should you ever decide to sell your home.