Landscaping and Home Values
When you’re planning to sell a home, you want to make sure it’s up to date and move-in ready. Staging the inside of your house is also a big step to getting it ready for showings. We’ve talked about some of the best tips for staging here.
But what about the outside of your house? Making sure the outside of your home – in terms of landscaping – is staged correctly is also key to showing off your home to prospective homebuyers. Great landscaping can add value to your home – and also show prospective buyers that you’ve taken care of your home inside and out. A researcher at Virginia Tech looked at quite a bit of research on how much landscaping can add to a home’s value. He found that landscaping can increase your property value by nearly 13%. Plus, consider that mature trees can help keep energy costs down by shading a home from the heat of summer or thorny shrubs planted under windows can be used as a natural security system!
One question sellers often ask is “what will my return on investment be?” The answer, of course, depends on where you live and the value of your home. Some experts say you can expect to get back 100% of your investment in landscaping in terms of added value to your home. But, a good rule of thumb on how much to invest in landscaping is to not spend more than 30% of your home’s value on landscaping. Landscaping is also a long-term investment since the plants and flowers need a little time to grow.
When you look at landscaping to do at your home – don’t just think about the grass, plants and trees. Hardscapes like decks, patios, paths, fire pits and fences make a huge difference in a space. Consider creating an ‘outdoor room’ for entertaining in your landscape. And – think ahead. You’ll want to do your plantings at least a year before you plan to sell if possible since perennials and other plants need some time to grow and fill in the space.
DIY or Hire a Pro?
Starting with a landscaping plan is crucial to getting a great result for your home. If you can, it’s worth hiring a professional to at least help with the design of your landscape. Certified landscape architects are great resources to find the best plants, color scheme, layout and design for your home. Arborists can also help you figure out which trees are the healthiest and which just need some pruning care to look their best. Home and garden centers are full of experts to help you add curb appeal to your home. You can often do much of the work – like the planting – yourself to help keep costs down. Also – look to your Minnesota REALTOR® for what’s selling well and for expertise on the trends they’re seeing in area neighborhoods.
The National Association of REALTORS® has an incredible amount of information on landscaping and gardening if you’re interested in learning more. Just click here to check out their tips and advice.
What’s your best landscaping tip?
The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 19,000 members who are active in all aspects of the real estate industry in Minnesota.