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Landscaping to Add Value to PropertyPC_Melbourne [43 Posts] Hello All, We built a home last year, and the 4 bedroom house's main lounge was a little smaller than I had envisaged, due to a protected tree on the land the restricted how big the slab could go. The landscape we are putting in involved (backyard is quite small): Anyways, we are attempting the wow factor garden resort effect. I realize i have broken the first cardinal rule of property investment to not get emotionally attached but as it has already happened, I will treat it as a learning experience. This is the first time I have had to landscape anything, and the journey has been a useful teacher. Now to the question at hand. Can folks share their landscaping experience, wowing up the back or front yards, and whether the effort resulted in any significant increase in the value of the property. Thanks in advance. duckster [1620 Posts] I once planted grass seed in the front lawn that was dead. Replanted new plants in gardens , mulch in gardens, removed ugly volcanic rocks. An 8 person Spa and 8 burner BBQ and out door area could be over capitalizing If you would like help with sprucing up a house you could use Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser. Jane - Hotspace [44 Posts] Hi PC, I agree that the front yard is absolutely the best place to spend your money when landscaping and in general when renovating the exterior of a property. With my clients, I typically try to create a crisp, clear, modern effect by minimising the number of plants in the yard. It may be a matter of paring back what is there already. Or if there are no or minimal plants existing, planting a select few to add interest but not create a forest that a potential buyer is going to be put off by. I've tried to paste a few images from my website so you can see some examples of simplified gardens that work really well. However, I will need to just add the link to the pages because I can't seem to make it work the other way... http://www.hotspaceconsultants.com/_webapp_280988/69_Winifred_St None of these gardens were expensive to create. Many of my clients might spend $2,000 - $3,000 at the most on landscaping. For investment properties, I believe that it's a matter of working with what you have and then making the most it. If it was a million dollar property then certainly you would spend more than $2,000 but you can still make the landscaping look fantastic with minor changes. Re: the back yard - I tend to recommend a tidy up and minimal changes here. After all, people will generally make their judgement about the property when they first see it from the road. A blank canvas for a back yard is fine because if selling, your purchaser can create something there if they wish. If renting the property out, then a blank canvas really is all you should have anyway (in most cases) since only a small percentage of tenants will have an interest in gardening. I hope that helps - and I wish you the best of luck on your next reno deal! Jane Eyles-Bennett - Renovation Design Consultant PC_Melbourne [43 Posts] Thanks guys. There are reasons to the madness. I had the option of doing a cheap landscape, but that would really just entail a fence with back garden that had a way steep slope. Whilst the cost of the landscape would have been cheaper, I came to the conclusion that it would devalue the house by doing this. Also the living area of the house is quite small compared to the rest of the house so I decided to build a whole living \ entertainment area outside instead. JeremyV [8 Posts] I guess there is always a balance between adding value and overcapitalising. You have to assess whether your suburb can support the price you want to put on your property in the future and get a return on investment. Also remember how many hours of labour you are putting into it - would you make more money working somewhere else? Queenbury Investments Jeremy |
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