How to Get the Best ROI for Your Landscaping Projects
Most of us know that a key element of selling a home is curb appeal, and a huge part of that is landscaping. It’s the first impression potential buyers get of your home.
Properly planned landscaping makes your home stand out from the others on the block and can also give you a pretty decent return on investment (ROI). That’s right, your landscaping offers a return on investment, but just how much can you expect?
Experts nationally agree that investing in landscaping around your home is a strong move to make. RealEstate.com shares the following statistics that might help change your mind if you’re still on the fence:
- Raises the property value as much as 12 percent.
- Increases your resale value 14 percent.
- Spending as little as 5 percent of your home’s value on landscaping may get a return of as much as 150 percent of the amount you invested.
- Decreases the amount of time your home is on the market – sometimes by as much as six weeks.
- Nearly 90 percent of real estate agents encourage homeowners to invest in landscaping prior to selling.
Sounds pretty great, right? Well, before you go crazy planting trees and flowers everywhere, you’ll want to take some time to create a landscape plan. After all, if you’re going to invest in a landscaping plan, you’ll want to make sure you get the most out of it.
Make a List of What You Would Like
Sit down and think about all the things you would like to have in your yard. Do you want a large patio or composite deck for hosting parties? Is a vegetable garden area important to you? Maybe you’re thinking about putting in a pool or hot tub. All of these things are important and can help you plan a budget and start thinking about where your landscaping fits in.
Contact a Landscape Architect
A professional licensed by the American Society of Landscapers can help you plan your landscaping project. They’ll work with you to create the back or front yard you’ve dreamed of. Whether you want lush plants or something that requires little maintenance, they can help you determine how best to meet your needs.
Don’t forget that you have tons of landscaping options that can help you save on your monthly water and energy bills. Make sure to mention that to your architect if it’s important to you.
Buy Quality Materials and Plants
Low prices sometimes don’t warrant quality, and you don’t want to buy a whole bunch of inexpensive plants only to have them die a few months later. Spend a little bit more at your local greenhouse to get quality plants and trees for your yard. Look for plants or trees that are lush, green and full that thrive in your climate zone to get the most out of your money. Avoid wilted or browning plants that might be marked down in price.
The same goes for the hardscaping, or non-plant items, in your plan. For example, instead of opting for a poured concrete patio, which is pretty inexpensive, consider a brick or wood patio instead. Not to knock on poured concrete patios, but wood or masonry make a larger visual impact in the space, and many prefer the way these materials look.
Learn How to Care for Your Landscaping
At this point you may have spent a significant amount of time selecting plants, flowers and trees, and you certainly don’t want them to die or turn into an out-of-control jungle. Decide whether you want to take care of the plants yourself or hire a landscaping expert to maintain them.
An important thing to keep in mind is most real estate experts suggest you shouldn’t do all your landscaping right before you plan to sell. To get the most bang for your buck, you’ll want to let your landscaping fill in first.
Whether you’re thinking about selling your home or just want to build an outdoor oasis, landscaping is a worthwhile investment. Plant a little green around your home to get a little green back later on.
This article originally appears on the Quicken Loans Zing Blog.