When it comes to your home’s overall value, there’s no question that enhancing your landscape is going to give you a boost. But just how much isn’t entirely clear. Some online research reveals numbers ranging from 20 percent to 100 percent—or even beyond that—in terms of a return on investment. Regardless of the exact number, there’s really no doubt that adding curb appeal is going to add value. But homeowners do need to be willing to invest in order to get the most bang for their buck.
John Gidding, host of HGTV’s Curb Appeal, recently told the Washington Post that he’s often heard landscaping can give homeowners a 150 percent ROI on their home’s value. However, he thinks the number may be even higher. On one Curb Appeal project Gidding says they invested $20,000 in the landscaping and the sellers got $200,000 more than they had paid for the house just a year prior.
While there’s no question that landscaping is going to give you tremendous resale value, it can also be a worthwhile investment if you’re not looking to move in the foreseeable future. There is hidden value or lifestyle enhancement that is achieved when a landscaping project is completed. The enrichment in your day to day life isn’t something that can necessarily be assigned a monetary value. We have had clients come back to us one to two years after we finish a project and say they can’t believe how it has changed their life. Families who have never used their yards suddenly find themselves outside all of the time. That is certainly worth something.
Homeowners often think about making changes and improvements on their home in terms of value but making changes purely for your own family’s enjoyment is worthwhile, too. There is personal value in the enhancement of daily living. Instead of landscaping just when it comes time to sell, those that maintain their landscape for their own benefit will get the best of both worlds. Down the line, the home will be worth more, but the homeowners will get more enjoyment out of their time spent there. It’s truly a win-win.
Contact Exscape Designs for help with your landscape!