Landscaping adds to the esthetic experience of a home, but it also contributes to moderating the temperature in and around the home so you don’t experience the highs and the lows as much. Live plants and water also add oxygen and moisture to contribute to healthy living.
How Much Should I Invest in Landscaping?
Answer this why first. Why am I investing in the first place? Do I intend to sell the home? What is my target market? Again, all of these questions should impact your decision. One you’ve considered them, and getting a figure to attach to that idea.
If you are thinking about improving the outdoor appearance and enjoyment of your home, you may be wondering how much is reasonable to spend on landscaping so that your investment adds value to your home and can be recaptured when you sell your home. What should your budget be? What is a reasonable amount to spend on landscape design, plants, concrete, stones, and a watering system? How much are you willing to spend to hire a landscape contractor versus doing it yourself? These are some of the questions you might ask before re-landscaping your front and back yards.
First, don’t put a budget in your head before you begin research. Sure, having a figure as a reference point is a good idea, but there’s a lot that you have to take into account first. Remember, you aren’t just improving the visual quality of your property. you are investing in your property and building it up for new owners.
Fortunately, there’s a ton of extra money in building property value for you to take advantage of. Take this into extended consideration ahead of time. Then, and only then, can you make a realistic budget.
Increase the Value of Your Property
According to Better Homes and Gardens, real estate studies have found that the value of a home can be increased by 5 to 15 percent by upgrading the landscaping from “poor” to “good.” These descriptors are subjective and intended to provide guidelines. Which factors are present in “poor” landscaping versus “good” landscaping be different from one individual to the next, but any improvement in landscaping will enhance the overall appearance of a home, such as removing a dead tree and replacing it with a flower garden or planting sod on bare spots in the front and back yard may be low cost landscape improvements that immediately add curbside appeal to a house that appeared neglected. Landscaping adds to formulation of the first impression of a home and can readily translate in peoples’ minds to higher value.
More Expensive Homes Benefit Even More
In general, the more expensive the home, the greater the multiplier effect is of an attractive landscape design on the value of the residence. Remember, that while the addition of hardscape features such as patios, decks, stone walls, and pavers extend the livability of a home to the outdoors, they greatly increase the cost of the landscape project. By including these elements in your landscape plan, you must determine if the increased expense will be worth it in terms of the overall enjoyment to you and future residents of your residence as well as the market value of the dwelling.
Five to Fifteen Percent Is the Sweet Spot
Using the 5 to 15 percent rules of thumb, for a $500,000 home, 5 percent would equate to a budget of $25,000; 10 percent, $50,000; and 15 percent, $75,000. These amounts would allow substantial landscape upgrades for most homes. Furthermore, most trees, shrubs, and plants, as they mature, will increase in value themselves while they contribute to a home’s value. Consider, too, that most trees and shrubs will increase in value over time.
If you have more questions about increasing the value of your home and the enjoyment of your front and back yards with beautiful landscaping designed to your tastes and specifications, please contact GreenTouch, serving Long Beach, California, and its surrounding communities.