We just bought a 2900 sq ft lot adjacent to our home. We are trying to decide how much money to spend on landscaping. Does this significantly add to the value of the house? On a 1.8 M dollar home, how much would it be worth putting into this?
Landscaping is something that is over looked almost all of the time. This feature is something that carries the feeling of "home" to the outside of your house. Landscaping here in Florida can be valued up to 20% of a property's overall value. Check what it is valued in your area, it might be the same... also note that the return on this investment will bring 100% - 200% depending how well it is planed and installed.
On a 1.8 M home... You can do alot, but take it in phases and develop your yard like you would an addition to your home. If you like the sounds of water install a water feature as a focal point and work off that to another point of interest ...like a fire pit. You get the idea... Have fun with it. For more ideas go onto my website:http://www.sadreedesign.com/
Shaun Sadree
The Landscape Artist
curb appear is very crucial for property value, at least perceived value. you don't have to go crazy with it. just put on fresh sod, some flowers and a couple of trees. it is a cheap face lift, but dramatically increase the perceived value of the home.
Please consider xeriscaping using native plants on your new lot - it may not be any less expensive than any other project to install (although it could be...), but it will be much better for your water bill and the environment in the long term!
Hi Laurie,
On a 1.8 dollar home you can use the extra lot to do so much to increase the value of your home. How about a separate mother in law suite, or a tennis court, or a pool and ...or a combination. Add something that add to the functionality of the home. Added living space is v. valuable. If you need to consult with a professional let me know. I know someone who can give you lots of ideas.
Sincerely,
Homa
Broker Associate
Prudential California Realty
This is a great question. I am always amazed at how little landscape is considerend when home remodeling is done. In my opinion it is very important and is the finishing touch on any property.In terms of actual dollar value..it's difficult to say..I will say that it might make the difference in a buyer conidering your property..and passing it by.
Laurie,
Ute made a good point. If the landscaping is okay now, then it may not benefit you to make it really nice. Landscaping is one of those things that will often require you to start from a blank slate meaning that you may lose what you already have. I would only make an investment if it is in very bad shape otherwis eit may make more sense to just spruce it up.
Of course none of this matters if you are going to live there. In that case do what makes you feel happy and worry about the resale when you go to sell in 5-10 years. Just remember to try to preserve as much as you can. It will keep costs down and is better for the environment.
Good Luck,
Ray
Hello Laurie. ON a 1.8M home, buyers will expect nice landscaping and they will not be willing to spend more money for it, but if the landscaping is really nice, it will help get more attention and probably sell the house faster, but not for more. Expensive landscaping is one of those improvements that don't add significant value to the home for resale purposes, but if the landscaping appears neglected it will affect the value more than what nice landscaping will add to the value. I hope this helps.
Didn’t find what you were looking for? Ask a question!
|
|
|
|
|||||||||||
|
|
|