Home Buying in Grand Island>Question Details

Michelle Klu…, Home Buyer in Norfolk, NE

How do you put a price tag on established and beautiful upscale landscaping?

Asked by Michelle Kluver, Norfolk, NE Tue Jul 16, 2013

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Well, Michelle, it depends.

You know how there are three appraisal methods, each with its own purpose? I think you can use two of those methods when evaluating landscaping.

You can look for comparable properties and adjust, not just for building features, but for landscaping.

You can use the replacement cost method, and get an estimate on what it would cost to replace the landscaping (A LOT!) Of course, you're not going to replace fifty-year-old Japanese Maples; but I suspect that the market value of established and beautiful upscale landscaping is at least 50% of the cost of landscaping a grassy wasteland of a lawn.

All the best,
0 votes Thank Flag Link Tue Jul 16, 2013
You don't...not really. Landscaping will surely help sell a home, but the appraisal won't be much higher for beautiful landscaping.
0 votes Thank Flag Link Tue Jul 16, 2013
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