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Numerous possibilities for sprucing
up your landscaping by
Michelle Dawson
With homeowners' priorities
shifting to their outdoor living spaces, it's more important than
ever that your landscaping and backyard areas look their best when
it comes time to sell.
Members of
The Hearth, Patio and Barbecue Association say the growth
of the outdoor living phenomena is the result of North America's
interest in 'cocooning,' the trend toward a more casual lifestyle,
an aging population and the popularity of porches, decks, and patios
in homes.
And with more outdoor living spaces
come more elaborate and beautiful landscapes.
Studies have shown that attractive
landscaping can increase the value of a home.
Two studies, one by Mark S. Henry
of the Department of Agriculture and Applied Economics at Clemson
University and another by Robert L. Degner of the Florida
Agricultural Market Research Center, University of Florida, found
that landscaping contributes to higher resale values in
single-family residences, according to the Associated Landscape
Contractors of America.
Henry's study, "The Contribution of
Landscaping to the Price of Single Family Houses: A Study of Home
Sales in Greenville, South Carolina," pointed out not only did homes
with excellent landscaping sell 4 to 5 percentage points higher, but
homes with poor landscaping in neighborhoods with excellent
landscaping sold for 8 to 10 percent less.
"The right landscape design can
make all the difference to a prospective buyer, especially when it's
beautifully and carefully executed," said Wendy K. Jones, a Dallas
area Realtor.
First impressions are not only
important for buyers, but for appraisers and real estate agents,
too, Minnesota appraiser Eric Flom said in a May 24 Star Tribune
article.
Flom said appraisers take
landscaping into account as they compare a house to similar ones.
The Council of Tree and Landscape Appraisers says a mature tree can
have an appraised value of $1,000 to $10,000.
So how much time, effort and money
should you put into sprucing up your landscape if you're selling?
Robert Irwin, author of Improve
the Value of Your Home Up to $100,000: 50 Surefire Techniques and
Strategies (John Wiley & Sons, Inc., 2003), says that when it
comes to your back yard, putting in a little effort can go a long
way.
"If you put in a minimal amount of
money, time, and effort into your back yard, you will help sell your
home and probably get enough boost in price to warrant the work," he
said. "However, if you do extensive landscaping, just consider it
money spent to please yourself. Although it will help sell your home
faster, it won't impress buyers enough to pay much more for it."
Irwin suggests the following:
- If your back yard is nothing but
weeds, rent a weed eater and cut them.
- If you want to take it a step
further, rototill the soil, flatten it with a roller and buy $50
worth of seed. "Spread it out, cover with a thin layer of soil,
and water the heck out of it," he says. In two weeks you'll have
the early stages of a lawn; it will fill in a few months. "For
little more than a hundred dollars, you've probably added a
thousand or more to the value of your home (or at least kept it
from being knocked down by that much)."
- Plant low flowers and shrubs
around your lot.
- Put in a deck or patio. "A deck
can add value to a home," Irwin said. "However, don't expect a
buyer to pay you for what it will cost you to add that deck."
Paving stone or bricks are a cost-effective way for a fairly easy
patio.
- Make sure your back yard looks
neat, clean and livable.
- Plant trees that won't grow too
large. A good choice for many back yards is fruit trees. "Used
sparingly, they provide an excellent way to inexpensively go tall
in your back yard."
- Remove unsightly trees -- those
that are too tall or inappropriate. Be sure you check with your
city or county government regarding tree removal laws.
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