LANDSCAPING ENHANCES HOME VALUE
Another constant in our lives, in addition to death and taxes, is change. The particular type of change I'm referring to in this article deals with changing locations — in other words, moving. When selling a home, homeowners may try many different tactics to raise the value of their home, such as redecorating or adding a fresh coat of paint to the exterior. But the most effective way to enhance a home's curb appeal and increase resale value is through landscaping. Landscape contractors and lawn care professionals can seize this money-making opportunity by offering clients landscaping services before they move to help them raise the resale value of their home.
Adding landscape can enhance the resale value of a home as much as 15 percent, according to the American Association of Nurserymen. Research in Money Magazine found that landscaping has a 100- to 200-percent recovery value at sale time. This compares to a 75- to 125-percent recovery rate for kitchen remodeling, 20- to 120-percent for bathroom remodeling and 20 to 50 percent for the addition of a swimming pool. Because the exterior and landscaping are the first impression that potential buyers get of the home, a well-designed landscape contributes to the curb appeal and draws buyers inside.
Real estate appraisers judge the landscape on its appearance, condition and maintenance. They also compare a home to other homes in the neighborhood and look at the functional use of the landscape items that are incorporated into the plan.
Source: Penn State University.
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