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TimAbramowitz/Getty Images April 13, 2022 Cynthia Paez Bowman is a former personal finance contributor at Bankrate. She is a finance and business journalist who has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. Troy Segal is Bankrate's Senior Homeownership Editor, focusing on everything from upkeep and maintenance to building equity and enhancing value. Bankrate logo The Bankrate promise
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Does landscaping improve home value
First, a quick refresher as to what landscaping actually means. Basically, it encompasses the exterior area around a residence — both the overall design and the individual elements. Softscaping refers to living things: flowers and plants, trees, gardens and natural ground coverings and formations (grass, hills, rough stones). Hardscaping refers to non-living ornamental or architectural features such as structures, steps, and formal paving. As with interior designs, landscaping trends can and do change over time. Nowadays, “outdoor are very popular upgrades — including expansions of decks and patios, adding fireplaces or fire features, dining areas and covered gazebos or pergolas,” Britt Wood, CEO of the National Association of Landscape Professionals, says. However, a project’s popularity does not mean it adds the sort of value the next homeowner is willing to pay a premium for. Pagodas may not be to everyone’s taste, for example. Or that elaborate water garden may require too much upkeep (who’s going to feed the fish?). Still, “ by Alex X. Niemiera, a horticulturist at Virginia Tech, found that a well-landscaped home had a 5.5 percent to 12.7 percent price advantage over a home with no landscaping,” note Chase and Patti Michels of Chicago real estate agency the Michels Group. “That translates into an extra $16,500 to $38,100 in value on a $300,000 home.” The most financially-rewarding landscaping projects expand living space and add low-maintenance beauty to a property.
Which landscaping projects improve a home s value
Whether hardscaping or softscaping, the following landscaping projects are more likely to increase home value when done right. Decks
are the only landscaping project to make the list on Remodeling.com’s annual , which analyzes home improvements offering the best return on investment. A wood deck costs on average $16,766, returning 65.8 percent at resale; a more durable composite deck costs $22,426 on average, recouping 63.2 percent. Wood decks’ ROI has gotten hammered in the last two years, due to rising lumber prices; composite decks’ ROI has held steadier. But both have consistently performed well on the study over the last decade. Mature trees
Niemera’s study states that the top thing that buyers are looking for in landscaping is a sophisticated design. “Close behind is plant size and maturity,” the Michels note. So, you may want to invest in larger trees and mature greenery that appears more established for your landscaping project. The cost of planting a tree vs. a shrub may be higher, but so are the benefits. According to , planting a shrub averages between $25 and $50, while a tree costs $150 to $300 on average. However, you may need fewer trees than shrubs. In addition, trees are less likely to require maintenance when compared to a shrub (once established) and provide shade, a windbreak, curb appeal and a safe habitat for birds and squirrels. Xeriscaping
, landscaping in a style which requires little or no irrigation, may be one of the most expensive landscaping projects up front — but as climate change rocks the country with droughts and warmer temperatures, it’s getting more popular. The ASLA has reported that members have seen a in client demand for drought-resistant landscaping. Fixr.com states that the average xeriscaping project costs $16,000 to $18,000. However, moving away from water-intensive landscaping towards xeriscaping or low-water landscaping may be the wisest decision now and in the long run, simply because you eliminate many of the maintenance costs associated with traditional landscape designs. That could be worth an additional in property value. Bryan Clayton, CEO of GreenPal, a site that pairs consumers and lawn pros, sees a growing preference for waterwise landscaping. He advises customers to “save money on their landscape maintenance by installing river rock in their gardens and landscaping beds.” Although rock gardening may seem like a project better-suited for desert landscapes, Clayton says he’s seeing clients pare down, even in cooler zones. “People are just tired of wasting money year after year on mulch, straw or other organic materials to put in the gardens,” he explains. Some other ways to integrate the waterwise concept include: Integrating more low-water plants into the garden Automated irrigation programmed to run early in the morning or during the evenings More hardscaping using stone or pavers to reduce a lawn’s square footage Replacing mulch with rock or gravel alternatives Which landscaping projects decrease value
In general, landscaping projects that are “too niche” may put off a large portion of buyers. Ideas such as an Asian zen garden or a cactus garden anywhere outside of the Southwest may not appeal to all. In addition, the Michels explain that, “major renovations tend to have significantly lower returns than smaller projects.” Investing in smaller improvements outdoors would be money better spent. Enhancements may backfire in other ways. For example, certain landscaping projects can be considered high maintenance or too costly to maintain. A lush, green lawn may be attractive in many areas but is not practical in drought zones due to their . Plus, lawns require constant care: mowing, seeding and aerating. Other landscaping projects than can end up decreasing value due to their complexity or maintenance costs include: Swimming pools: They can be seen as a safety hazard and require fencing and added security measures in many municipalities Ponds, waterfalls and other water features: Similar to , they can present a safety issue for young kids and pets. They can also require constant upkeep. Fancy features: Elaborate constructions such as an outdoor kitchen or a may be counterproductive, if the cost of the addition is significant enough to push the home’s value higher than that of neighborhood comps. Landscaping tips
The ASLA recommends keeping your spending on outdoor and landscaping improvements in the range of of your home’s current value. However, you could spend less and still earn a sizable return. When deciding on what type of external upgrades would deliver the most value, consider the following tips: KISS. The most effective landscaping ideas are sometimes the simplest, such as a clean, clutter-free garden or a low-cost trellis featuring a flowering vine. A few annuals can add color anywhere. Less is more. Keep the landscaping plan generic enough for most everyone to appreciate. Not to step on your style, but you should avoid design ideas that may be too personal (and usually overly costly) or trendy. Add lighting. You can find low-cost landscape lights at most home improvement stores that you can install yourself. versions don’t require special wiring. Even the small touch of adding spotlights to add drama to your landscape can create a big impact. Do your due diligence. Always look into the cost of the landscaping, and compare different materials and service providers to find the best price. Work with your local nursery. Although a professional landscape designer can provide a well-designed plan, their fees may take up a significant part of your budget. Many nurseries offer free or low-cost landscaping design ideas when you purchase plants and supplies from them. The final word on landscaping and home value
Landscaping trends may change over time, but the most financially-rewarding projects tend to be the same: They’re low-maintenance, attractive, and expand your enjoyment and use of the home. As with all efforts, some landscaping projects increase value and some do not. It may be best to avoid expensive or overly-personalized projects and keep beautification general — and low maintenance — for a large number of people to appreciate it. As with all home remodeling jobs, doing your research to make the most sensible decision can help you maximize the return on your investment. SHARE: Cynthia Paez Bowman is a former personal finance contributor at Bankrate. She is a finance and business journalist who has been featured in Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. Troy Segal is Bankrate's Senior Homeownership Editor, focusing on everything from upkeep and maintenance to building equity and enhancing value. Related Articles