Clients frequently ask how landscaping will impact the value of their home. In an attempt to answer this question, we have collected our thoughts on this issue and a list of other resources.
Based on our research, input from realtors and personal experience, I feel strongly that a thoughtfully designed landscape will help a house sell significantly faster. A home's front yard is the first impression made on a potential buyer. A well designed and installed landscape can lure a prospect out of the car to view what else the home has to offer. Upgrades and home improvements made inside the home may never have the opportunity to showcase themselves if prospects are turned off by a lack of curb appeal. A beautiful outdoor space can also help set the stage for the rest of the tour. In the time a perspective homebuyer spends waiting for the realtor to open the front door ( referred to as the "lockbox impression") they are taking in the sights and sounds of the home and forming an impression that will stay with them as the view the rest of the home.
Beyond numbers, buying a home is based on emotion. We have seen the dramatic impact that transforming an eyesore into a beautiful space has had on our clients. Coming home to a welcoming garden after a long day puts you in a more relaxed state of mind. Potential buyers recognize the importance of a feeling of "home" when shopping for a new house. When deciding between several different homes, this type of emotional appeal bears a lot of weight with buyers.
We have seen a drastic shift in how much yard work people would like to do. Homeowners are short on time and spending their weekends on landscape renovation is not an option or a desirable hobby. If a home already has an attractive outdoor space that is easy to maintain, this is very appealing to potential buyers. In today's fast paced world, instant gratification is greatly appreciated, and buyers are willing to pay more for it.
There are many factors involved in determining what type of landscaping renovation project makes sense for you. Preparing a home's outdoor space for sale is very different from creating the private oasis of your dreams. An elaborate water feature with a 15 foot cascading waterfall may not recoup a 150% return on investment but if you plan to be in your home for years to come the enjoyment derived from this investment substantiates the cost. Outdoor kitchens and fireplaces are very hot right how. Beyond the improved quality of life, this type of investment makes a lot of sense from a dollar standpoint. In a modest neighborhood however, buyers may not be willing to pay more for this type of amenity. Every client's situation is different, and we do our best to help homeowners decide what makes the most sense for them.