Poor landscaping can make even the best of properties look a bit run-down and rough around the edges. But it turns out that less-than-stellar landscaping can do more than make your home look bad—it can actually impact the value of your property.
A recent survey from Trees.com, which surveyed 1250 licensed real estate agents in the United States, explored the impact of landscaping on property values. Some of the survey’s key findings include:
- Poor landscaping can drive down property values. According to the survey, a whopping 78 percent of real estate agents said that poor landscaping negatively impacts property values.
- The impact of poor landscaping on property values is significant. 24 percent of real estate agents estimated that poor landscaping decreases a home’s value by 10 percent. 22 percent estimate that decreases in value to be 20 percent—while 18 percent of real estate agents said that poor landscaping could cause a property’s value to drop by a staggering 30 percent.
- Grass, trees, and flowers add the most value to a property. Not all landscaping elements are created equal. If you want your landscaping to add value to your home, the real estate agents surveyed recommend focusing on grass (64 percent), trees (59 percent), and flowers (52 percent).
In regards to rental property, this is the same with rental prices. Curb appeal will help get your property leased quicker. You see, this shows that you, the property owner, take pride in your property. While we are not saying install a new garden, make sure your property is mowed, trimmed, edged, bushes trimmed, mulch added (if applicable), and all-around clean and neat. Keep it simple!
The Takeaway:
So, what does this mean for you? Keeping your property properly landscaped takes time, energy, and resources—but when you look at the way your landscaping can impact your rental property value, it’s definitely time, energy, and resources well spent.
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