Maybe you are hopeful that with the housing market improving you will be able to sell your home to upgrade or relocate in the less-than-distant future. How much impact will that patio or hedge you’ve been considering have on your ultimate home value? More than you think!
There are many elements that can impact home sales and values. The Northern Virginia area has a somewhat unique set of circumstances that contribute to the end result. The overall economy has changed conditions somewhat over the last few years. That being said, there is some data that indicates how important it is to have an attractive lawn and landscape to maximize your investment in your home.
The Washington, D.C.-based American Society of Landscape Architects (ASLA) suggests you should invest 5 percent to 10 percent of your home’s value on landscaping over the course of time you live in your home. There is good reason to believe that you will recuperate most if not all of that investment when you sell. A study reported by the Horticulture Department of Auburn University stated that there was a consistent increase of 5-11% in perceived home value when homes with good landscaping versus comparable homes with nonexistent, fair, and poor landscaping. These results were consistent through seven different states included in this study. Design sophistication, the type that only seasoned landscape professionals consistently provide, and appropriate plant size were named as two of the most important elements that affected potential buyers’ opinion of a home’s worth.
It isn’t just the actual price of the home that is impacted, but the amount of interested potential home-buyers, bids, and the speed of the sale. If two homes on the same street are in similar condition except that one has beautiful, well-maintained landscaping and the other has only what the builder installed, you can bet that the first house will sell much more quickly. Having a home sit on the market for long periods of time is nobody’s idea of a good time.
A sophisticated plan, quality installation, and proper plant selection are only the beginning, however. In order to continue to build value it is important to maintain your landscape through appropriate lawn care, pruning, weeding, and monitoring for insects and disease. Having an educated group of landscape professionals on your side to ensure that your landscape maintenance is consistent can make a huge difference in the long run.
Sunrise Landscape and Design 703-544-0028