I have always wondered this. Will adding any landscaping to the outside of property make it worth more in the long run? Or will it have the same value no matter what?
I have nothing to back this up – but I do believe it adds value. Especially when it comes time to sell – a well maintained, nicely presented home will sell for more compared to the same home without the same first impression.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Agree with Jamie. It will certainly make it look better on realestate.com.au and so will get more people through the door.
I would personally hold off on doing any work untill it comes time to sell, unless possibly if you were considering refinancing in which case it may result in a higher valuation and so more equity to extract out.
Of course it all depends on location.
Cheers,
LukeHi Mattsa,
I’ve heard that you can spend up to 10% of the total value of the property on the landscaping without over capitalising.
Cheers.
I am currently in the process of landscaping my ppor, I believe it will add add around 30-40k to the value and cost me around 25k, basically just boosting the value so I can pull out some equity for an IP purchase.
If its your ppor and you don’t plan to sell for a few years make sure what you landscape will last without too much maintenance, eg colorbond over having to paint something yearly..it all adds up
I spoke to a values about this about a month ago. We have a block of unit that we have completely renovated on the inside but done nothing outside. She said fixing up the yard e.g. Landscaping and fencing would be important before getting the property valued.
Landscaping can also help increase rental return. With this though you want very low maintenance, low water consumption gardens
Agree that landscaping is a low cost way to easily achieve more $$, whether seeking better rent return or higher sale price… Makes sense and doesn't mean you're overcapitalising!
I recently read that lawns could add massive value to a property. http://www.news.com.au/money/property/what-buyers-will-pay-more-for-in-a-new-home/story-e6frfmd0-1226268739194 Anyone experinced this?
itsandrew
Go as far as you can see and you will see further.
I guess landscaping which is lasting and still making a substantial difference to the appearance and amenity of the place and is still there “in the long run”, will add value. Certainly established trees are more impressive and functional than seedlings.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
I believe well established plants 1-2 meters high are great for increasing value, e.g yuccas and Bangalow palms gives it a real open and nature feel, problem is the price of them at this height, best if u can get them free e.g in a backyard where they have sprawled into many bunched together or something.
Lawn would be worth to buyers also I believe, it looks nice out the front and makes the yard feel more spacious, depends what the buyers are looking for really, i believe gravel and spaced out pavers an look good also and are a low cost and low maintenance option.
I have recently found a couple of giveaway palms at 2 meters high which I plan to put in hopefully increasing the value by a few grand and giving the impression of a well established yard.
As long as you don't overcapitalize. Spending 10k on fancy stuff, overpriced plants, pergolas etc is unlikely.
But………….$800 for levelling and dirt removal if required, $500 for nice topsoil, $900 for premium Sir Walter Lawn for say 70m sq, $300 to road base the drive and part of the bakc yard, and a few old bricks/pavers to make a path or 'stepping stones' to the shed or clothesline while costing 2 or 3 grand if you do the work yourself, will triple or quadruple your investment (ie add $10k min) but more importantly may just be the thing tha makes the difference between selling or not selling, or getting a good tennant or not getting a good tennant,Cheers
well said v8 im with ya there
Having a goal of home improvement and increased value to your property Landscaping is one of the best ways to improve your property curb appeal, for me it’s a good kind of home improvement. Most likely people always wanted to get in touch with nature and that is good example.
A home can look wonderful with perfectly trimmed grass and beautiful flower beds. Yes, it can be very good for a real estate property, if you invest in landscaping.
it comes down to first impressions…you want to wow people (and especially valuers) before they step foot inside the house.
not to mention un-landscaped properties tend to look unfinished.
You should check out gumtree for cheap mature plants, found some lilly pilly's in pots 1m high for $15 ea. I'm scanning through them at the moment because we want to landscape our front garden.
It actually adds value to the property not just in the long run. In the eyes of the potential buyers, landscape is not something that every property has, so if you have it on yours, it’s already a plus to them. It automatically registers an increase in value to ones mind.
North Shore
Frey
You must be logged in to reply to this topic. If you don't have an account, you can register here.
