In this market you probably will not get it back if you sell at this point. If you plan on staying there awhile you may. The key here is will the improvements over improve your home for the area. If the price of the house plus the improvements equal what other homes in the area are selling for then you are ok. If the improvements put your house higher than other homes in the area, then you will have over improved your home and may not recoupe when you go to sell.
Architects, including landscape architects, always have a tendency to design things that are more expensive than they should or could be. Get a design/ build full service landscape company to analyze it all and you'll see what it really could be done for. You'll save money....
Great landscaping, even pools, patios, fire pits, outdoor kitchens etc are exactly what you say- a luxury. The appraisers know that and they do NOT give you even close to the value of what it cost you.
If I can be of any help, please let me know. Thanks, and good luck,
The house is new construction so there really isn't anything to be done inside. Your point is well taken, though - by investing this much in the landscaping we would overimprove the property for the area.
I'm very curious what can be done for less money given our needs, so I'll definitely talk to Richard as well.
I know I am converting my current resides to little no lawn mowing which reduces my cost just weed hacking nice landscaping I should save approx. $1K per year or more
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Our recommendation is to consider getting multiple estimates on similar work. $85,000 is a number that is excessive for this type of work.
Generally speaking, if you over pay for anything it will be an uphill battle to recover the cost of your investment.
You should try calling Rich Gargiulo of Treeworks. 617-821-4701. He's the best. He'll handle your trees, contour your space and work with you to create the perfect space. He's a reall artist and he saved me a boatload of money.
It will most likely make our house the most expensive one on the block. There are others that are of historical significance and if renovated could cost well above ours, but in the current state, ours probably would be the most expensive.
If the project includes spinklers, pavers, outdoor lighting, specimen trees and shrubs it is a big selling point, it just isn't asked for....it's a given.
We probably won't move from here for the next seven to nine years, depending on the kids' school situation (if schools here improve we would stay longer).
But you hit the nail on the head: homes in this area have been selling for a good bit less, although we haven't seen new construction of similar size, especially with as much land around it, so it's hard to compare.