Does Improving Your Backyard Increase Home Value?

People are investing more in the back of their property, and the home improvement boom is driving that engine. A University of Michigan study found that consumers value a landscaped home 11.3 percent more than the same home without good landscaping. By choosing a less expensive way to build and design a campfire, homeowners can increase the ROI of a campfire to more than 80%. Don't Forget an Irrigation System: If you don't have the time or interest in watering yourself, consider an irrigation system to keep your backyard in good shape.

The mere presence of tall trees improves property values throughout the neighborhood by 3% to 15%, according to the University of Washington. Consider sectioning areas of your backyard as extensions of your home's rooms, as did landscape architect Joseph Marek with this outdoor kitchen, patio dining area with pergola, sitting area, and sundeck in Santa Monica, California.Some quality outdoor home features have the potential to increase the value of your home when it comes time to sell it. A Virginia Cooperative Extension survey found that landscaping expenses, especially large ones, “significantly increase perceived value”.

Which Landscaping Projects Increase Home Value?

Whether it's hard or soft landscaping, the following landscaping projects are more likely to increase home value when done right. Knowing that you can recover a portion of your backyard expenses once you sell your home will also increase your enjoyment.

So, when you have a limited budget to improve your exterior and want to make the most of your money, what features do you choose? Our research found which lawn, garden and landscape items help value your home and which do not return investment or diminish value.Replacing exterior siding sounds like an expensive and immense project, but it's actually one of the most cost-effective ways to improve the value of your home, according to Remodeling Magazine. It's simply about doing it right.

How Much Should You Spend on Landscaping?

Let's take a closer look at when landscaping decreases or increases home values and which projects may offer the best opportunity to get the most out of your investment. The American Society of Landscape Architects (ASLA) recommends keeping your spending on exterior improvements and landscaping in the range of 10 to 20 percent of the current value of your home. The Appraisal Institute, the largest association of real estate appraisers in the United States, advises homeowners that “improving the landscaping of their property can result in a significant return on investment when selling the home.”.

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