Fab Real Estate Blog: Landscaping Value

Landscaping Value

REALTOR Magazine Online today posted an article, Landscaped Lots 'Very Important' to Buyers.

In this article, they discuss that many buyers find a home's landscaping to be very important to them when making their buying decision.  However, they go on to state that appraisers and tax assessors do not take a home's landscaping into consideration when assessing the value of the home.

How true that is.  This goes back to the debate of Value vs. Appeal.

Meticulous landscaping absolutely adds to the appeal of your home.  It makes buyers want to get out of their car to take a look inside.  It makes agents - and buyers - see that photo of your home online and want to see more.

Poor, shabby landscaping - overgrown trees, lawns not mowed, weeds everywhere - make a home look neglected.  What else has been neglected inside the home?  That's what will go through the minds of buyers and agents alike.

Does landscaping add value to your home?  In a way, but it starts with that appeal.  Nice landscaping definitely adds appeal.  That appeal will draw buyer and agent interest.  That interest will drive buyers and agents to view your home.  The more people that view your home, then the better chance of your receiving an offer.  Or even multiple offers.

Accept an offer...move forward with your life.  There's a lot of value right there.  Let your neighbors with the shabby lawns continue to pay the holding costs for their homes.  Let them suffer through price reductions because buyers can't get past the front yard.  Sell your home faster, stop paying that home's carrying costs, and move into your new home. That's the end goal...and that's the value.

 

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Comment balloon 5 commentsDon Fabrizio-Garcia • August 20 2007 12:57PM

Comments

You are such an appraiser! 

I love "Accept an offer...move forward with your life.  There's a lot of value right there.  Let your neighbors with the shabby lawns continue to pay the holding costs for their homes.  Let them suffer through price reductions because buyers can't get past the front yard.  Sell your home faster, stop paying that home's carrying costs, and move into your new home. That's the end goal...and that's the value." I am going to quote you on it.... 

What is a yard appraisal?  The magazine article says "Still, home owners are shelling out hundreds of dollars for yard appraisals as part of their marketing strategies, and builders are expanding their landscaping budgets."

Did you see ActiveRainer Cindy Lin's entry about the value staging adds to a house according to NAEBA?  The first thing that came to my mind when I started reading this was NAEBA decrying nice landscaping tricking buyers into thinking homes are nice and over paying for them.

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 11 years ago
I think landscaping and overall curb appeal really helps sell the property. Remodeling Interiors is much harder to do but the landscaping if it is done well seems to seal the deal.
Posted by William Johnson, San Diego Real Estate Voice, GRI CRS e-Pro CDPE (RE/MAX Associates) over 11 years ago

Maureen - Yes, I read Cindy's post, which was very good.

I've never heard of a yard appraisal.  As best as I could determine, it must involve hiring a professional to come and place a value on your trees, your plants, your hedges, etc.  Such a "yard appraisal" would give you a good idea of what it would cost to replace the existing landscaping, but it's not going to make a difference in a real estate appraisal.

William - Nice landscaping will help get buyers and agents to enter your front door.  That's half the battle right there.

Posted by Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate (Fab Real Estate) over 11 years ago

Don, I wondered if a yard appraisal was something used for insurance maybe.  I wondered if in areas that have hurricane's, or some other natural disaster would you insure your landscaping if you had gone to a lot of expense above and beyond the norm?  Would that be a reason to have someone place a value on it.

 

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 11 years ago

Maureen - I don't know that a "landscaping appraisal" would do much good for insurance purposes, as homeowner insurance policies usually limit payments per plant - I think mine will pay up to $250 per plant.  Really not enough to file a claim over, though I guess maybe enough to cover your deductible if you have a larger claim due to a severe storm...

I think the purpose, per the article, was to try to show to buyers how much the landscaping alone is worth.  Just a marketing tactic.

Posted by Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate (Fab Real Estate) over 11 years ago

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