Let’s face it, home values aren’t what they used to be. The good news is that the market will change at some point. While waiting for the market to change, many homeowners are investing in landscaping their homes because they’re either planning on staying for a while, thus making the space their own little ‘retreat’, or they’re trying to increase their property value in a highly competitive market.
Here is a list of facts about landscaping and what homeowners are spending on their landscapes.
- By spending 5% of the value of your home on the installation of a quality low-maintenance landscape, you could boost the resale by 15%, earning back 150% or more of your landscape investment. Source: Smart Money Magazine
- Landscaping can bring a recovery value of 100 to 200 percent at selling time. Kitchen remodeling brings a 75 to 125 percent recovery rate, bathroom remodeling a 20 to 120 percent recovery rate, and addition of a swimming pool a 20 to 50 percent recovery rate. Source: Money Magazine
- In my experience working in the United States, most homeowners spend between 5-15% of their home’s value and still see a return on investment.
Every homeowner has their own budget. The important thing is to stick to your budget and never settle for low quality to save money. If it means waiting a little longer, having a professional, high quality landscaper install your project will ALWAYS pay off.
Have you had any experience with this?