Most people landscape their homes for their own enjoyment. You probably want your home to have attractive front yard landscaping for both yourself and visitors. The Little Silver backyard is the area which normally gets used more, and therefore designing it for both beauty and function is desirable. Another reason for landscaping your home is an appreciation for plants which can provide all season color and interest.
However, some are concerned as to the relationship between the amount of money they spend on landscaping and their Little Silver home’s value? What will it mean if you want to sell your home? Will you actually recoup the money you have spent on landscaping your property?
In recent years, there have been quite a few studies done on just this subject. Here are some findings.
Money Magazine determined that landscaping offers an excellent return on investment. Actually it ranks top out of any home improvements. In addition, there was a study done by the American Society of Landscape Architects in conjunction with Money Magazine. A recovery value of 100% to 200% of landscaping costs can be gained when you sell you home.
Clemson University stated that homes with excellent landscaping will sell for 6 to 7% more than comparable homes with just good landscaping. Research by Michigan State University found something similar, but gives good landscaping even more value. They state that the perceived value of a home which is landscaped nicely is improved by 12%.
The Society of Real Estate Appraisers also feels a landscaped home adds value, 99% agreeing that it actually causes these homes to sell more quickly.
And what about trees? A study done by the U.S. Forest Service found that just trees alone can add 3 to 7% to the value of a home.
If you put all of this information together, it is easy to see that adding nice backyard landscaping can definitely provide a positive financial impact on your home’s value.
If money is tight, it might make sense to get an equity loan to finance your Little Silver project. Except for paying interest, you will obviously recoup this money.
