Can Landscaping Add Value to My Home?
Whenever homeowners begin any type of home improvement project, they often try to determine whether it will add value to their homes and, if so, how much. If you are planning to put your home on the market in the future, whether that’s in a few months or a few years, it pays to look into the projected return on investment for any project. The good news is that landscaping work often pays for itself, both in the short term and in the long run. Here are some of the ways:
- You only have one chance to make a great first impression
Yes, it’s cliche, but it’s also true. When your home is on the market, people will be driving by before making an appointment with their real estate agents for a showing. Simply put, if your home looks like it’s tired and needs work, the higher caliber of buyers aren’t even going to bother looking. The ones who will are the buyers who will be looking for a bargain. Do what you can to take yourself out of the “this one is a bargain” category by sprucing up the landscaping.
- Nice landscaping can be contagious
You know how it is: When one house in a neighborhood starts putting up elaborate Christmas light displays, the rest soon follow. It can be the same with landscaping. If you put in attractive annuals, nice perennials, pretty bushes and tasteful garden ornaments, your neighbors will notice, and some of them will begin working on their own yards and gardens. As the neighborhood begins to look better, you may find that the homes on your street begin to command higher prices.
- Landscaping gets better over time
With most home improvements, the work you do is the most attraction right after it’s done; after that, wear and tear begin to occur and the value of the work begins to drop. With landscaping, however, as long as you take care of basic maintenance like watering and weeding, your yard will look better and better over time as bushes grow and perennials begin to spread. Putting in a moderate effort now, therefore, can really reap rewards in a few years.
- Landscaping can act as a security system
Did you know that having thorny bushes under your windows can deter thieves? Not only that, but some insurance companies will actually give you a reduction on your insurance rates for taking these measures. When would-be homebuyers look at your home, this is something that’s great to point out; imagine a security system that doesn’t need to be paid for every month or year!
There is one caveat when it comes to landscaping in order to raise your home’s property value: If you don’t know how to make the garden look nice or aren’t up to keeping it maintained, it might look worse than it does right now, which would reduce your home’s value. Think about what you are willing to do in terms of landscaping, and if you don’t think you can handle it on your own, hire a professional landscaper to help.