Landscaping is a great way to increase the value of your home. According to a study conducted by Virginia Tech, the size, type, and design of the plants in landscaping can have a significant impact on the perceived value of a home. Estimates vary, but the presence of mature trees on a plot can increase home value by up to 15%.One of the most modern and expensive landscaping features is an outdoor kitchen space. This increases the useful area of the house and returns approximately 83% of the amount spent.
An outdoor kitchen space keeps your home on the buyer list of an expanding group. To ensure that it lasts for many years to come, it is important to finish it properly and protect it from your climate.Building a fire pit in cold climates and making sure there is good shade and air circulation in warmer climates are important considerations. Specialized asphalt patches such as tennis or basketball courts may meet your and your child's needs, but they are unlikely to improve the value of your property. Group performance is also quite low, with 43%.Certain landscaping projects may be considered high maintenance or too costly to maintain.
The data repeatedly show that exterior appeal, in the form of attractive landscaping, is very useful. However, a forest-like landscape could actually detract from your home's value.Landscape lighting has quickly become one of the most desired outdoor gardening features for homebuyers. It helps illuminate the exterior of your home and highlight its features, as well as providing safety for anyone walking up and down hallways, stairways, driveways, and other paved surfaces throughout your home landscape.Standard lawn care service and garden maintenance topped NAR's list for most important investments to prepare your home for resale. You can also look for landscaping companies that can help you plant mature trees, however, keep in mind that this can be costly depending on tree size, relocation, and planting difficulty.According to Niemiera, a horticulturist at Virginia Tech, a well-landscaped home had a price advantage of 5.5 percent to 12.7 percent over a home without landscaping.
Outdoor living space improvements such as terrace and patio extensions, adding fireplaces or fire elements, dining areas and covered gazebos or pergolas are very popular improvements.In addition to saving homeowners money on water bills, this type of landscape requires much less daily maintenance. The Appraisal Institute advises homeowners that “improving the landscaping of their property can result in a significant return on investment when selling the home”.Poor drainage in a property can cause both security risks and a landscape that suffers and damages the value of the home. Matt Ward, real estate agent and team leader at Tennessee-based The Matt Ward Group, says lighting also helps maximize the exterior appeal of your property.An entire collection of gnomes or animal statues can detract from the landscape and create a sloppy appearance. If you don't plan on staying in a house long enough to reap the rewards of your landscaping choice, do a gut check and decide if it's OK to let out your inner Johnny Appleseed.