How Landscaping Adds Value to Your Home
Landscape for Equity
Home landscaping your home can add value to it.
Does landscaping improve the property value of a home?
Landscaping not only increase the value of your home, but the value oftentimes will increase overtime since as trees and shrubs mature and grow larger they increase in value. A large evergreen or deciduous tree that stands 30 feet high is of much more value than a newly planted tree. This fact sets landscaping apart from interior enhancements which tend to depreciate overtime from “wear and tear”. Additionally, the style of popular landscaping doesn’t fade quickly like interior decor styles that change frequently.
Many real estate agents will tell you that in their experience that a home with a well landscaped yard will sell much faster than a house with little to no landscaping done. This is part of “curb appeal” which is all about making a good first impression to prospective buyers. Many homeowners and real estate agents strategize how to best improve the curb appeal of a home that is being placed on the market.
What type of landscaping increases the value of a property?
This is one of the most commonly asked questions related to how landscaping increases the value of a home. The answer to this question, though a broad answer, is how well the entire landscape design together adds to the appearance and perceived value of your home. The more sophisticated and extravagant the design the more your home may be considered valuable. In terms of selling your house, your home is only as valuable as someone is willing to pay for it. If you plan to stay in your home long term, and you just want to increase the equity in your home, than we can explore what landscaping features will be taken into consideration by an appraiser.
What is curb appeal?
Landscaping is one of the strongest aspects of curb appeal. Numerous studies on curb appeal have shown that homes in the same neighborhood that are the same model with similar interiors can sell in the same market with a 7-10% difference in sales price. The most significant difference in the homes that are compared? The landscaping.
All other things being equal, a well landscaped home will sell for more.
Can you use home equity for landscaping?
If you have equity in your home and wish to take cash out for home renovations such as landscaping, we have excellent cash out refinancing programs. This includes programs that allow the highest maximum LTV, low interest rates, low loan fees, and fast processing. We make it simple to take cash out of your home’s equity.