Real Estate Services
According to a MONEY magazine story on home renovations, “not all improvements will increase the value of a house by the amount they cost to perform.” Landscaping, however, according to their research, has a recovery value of 100% to 200% “if it is well done and harmonizes with foliage nearby.”
This compares to a recovery value of 75-125% for a kitchen remodel, 80-120% for a bathroom, and 20-50% for a swimming pool. Not bad, huh? For all of us looking to extend our homes with “outdoor rooms” and to “decorate” them with attractive plants, outdoor furniture, and appealing features and ornaments, it is very reassuring to know that the time and money we invest will not only give us pleasure but also increase the value of our greatest personal asset. In fact, according to a Gallup poll, homeowners polled feel that landscaping “adds almost 15% to the value of their property and that landscaping as an investment is one with lasting value.”
This holds true especially if you’re looking at putting your house on the market to sell.