Top four ways to make landscape pay
April 26, 2018
Putting an emphasis on landscaping can pay off in new detached house sales, according to an industry organization that cautions builders are ignoring “the family yard which has become an extension of the home.”
Kris Kiser of the Outdoor Power Equipment Institute said there are four ways that landscaping can add value to a home sale and extend its resale value:
Curb appeal. According to the U.S.- based National Association of Realtors’ (NAR) Remodeling Impact: Outdoor Features study, 98 per cent of realtors think curb appeal is important to potential buyers. A separate study from Texas Tech University shows that improving curb appeal can boost property values by as much as 17 per cent.
Trees are tops. Mature trees are often an indicator of an established neighborhood, which can be a positive for buyers. According to the International Society of Arboriculture, each front yard tree adds 1 per cent to a home’s sale price, while large specimen trees can add as much as 10 per cent to property values.
Saving green with green. According to the Urban Forest Coalition, strategically placed trees can save up to 56% on annual air conditioning bills and 3% on winter heating bills. Cumulatively, eight average-sized front lawns can provide the cooling equivalent to air-conditioning for 18 homes, according to the Alliance for Water Efficiency.
Expanding living space. According to NAR any cost to enhance outdoor living is well worth it. Seeding the yard will recover 417 per cent of the project cost, while updating landscape with sod will result in a 143 per cent recovery. Adding a new patio will recover 102 per cent of the investment and a new wooden deck will result in a 106 per cent recovery rate.