SEEING GREEN
How Professional Landscaping
Can Increase Your Home's Value
All homeowners want to thing that any upgrades made to their homes will pay back in the long run. Most owners know that money put into a new bathroom or kitchen is a good investment. But investing in your home's exterior makes good sense, too.
Consider this: When your home is appraised as part of the selling process, an appraiser will look over the home, compare it to others in the community, then add or subtract value according to what they see. The appraiser notes, if the home's interior is aged or new as compared with other homes in the community. They also look at additions, finished basements, fireplaces and other amenities to determine value.
Curb Appeal Sells:
One of those amenities, landscaping, may
be the most underused method of raising
property valuation in the real estate industry.
Several studies of the last few years have
revealed that landscaping increases
property value. According to information
from Louisiana State University Agricultural
Center (LSU AgCenter) landscaping can
add between 7% and 15% to a home's
value. Other studies show it may also
reduce the time on the market by five
to six weeks. The Wall Street Journal
reported that landscape investments are
recovered fully, and sometime doubled, by
the increased home value.
What And Where?
Are all plantings equal? The experts weigh
in again: Research from the University of
Florida found that lot size, plant type, plant
spacing and overall design also determine
how much return homeowners get on their
landscaping investment. Quickly adding
color appears to help in the short run to
beautify a home. Owners desiring a more
long-term effect should focus on trees and
shrubs that will grow over time. In fact,
according to the LSU AgCenter, mature
tree can often have an appraised value of
between $1,000 and $10,000. In one study
99% of real estate appraisers concurred
that landscaping enhances the sales
appeal of real estate.
The associated Landscape Contractors
of America aggress that a properly
installed and maintained landscape gives
homeowners a 100% to 200% return on
their investment. Compare that with a
reported 77% return on investment for a
remodeled bathroom and you can see how
landscaping can pay for itself when you
sell your home.
Bringing It Home
The most wonderful thing about landscaping
is that you can install it now and enjoy it
while you live in the home. Unlike other
home improvement projects, such as
replacing carpet, they may need to be done
just before selling a home, landscaping
usually looks better for having time to grow
and establish itself. So, even if you have no
plans to see anytime soon, you can start
your landscaping plan now.
Where to begin? Since first impressions
are vital to selling your home, begin with
the front yard. You may have grand plans
for a park-like setting with a gazebo in the
backyard but if your front yard is blighted
with poor soil, cracked walkways or rampant
weeds, most buyers will drive on.
Once basic clean-up, pruning and mowing
are taken care of, it's time to consider what
your landscaping will look like year- round.
You may want to plant shrubs and trees
that hang on to their leaves even through
the winter. Some plants bloom through the
coolest of nights and driest of seasons.
Year-round color puts you ahead of your
competition.
Finishing Touches
With your front yard looking its best, you
can now plan that sanctuary spot you
so desire. Build a gazebo, stone wall or
fenced area. You could add special lighting
to highlight your trees and walkways. Add
benches and you have an inviting area that
will lure in buyers even those who aren't
nature lovers. Finally, take your indoors,
outdoors. Decks, patios, even kitchens
make the outdoors more enticing and can
help to create a competitive edge for
your home.
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How To Ensure A
Good Relationship
With Your Contractor
Take A Survey Start looking for a contractor by talking to friends
and neighbors who have had home improvements done recently. Would
they recommend the contractors they used? Find out about the quality of each
tradesman's work and work habits. Ask:
Did the contractor begin and end
the project on time?
Did the contractor try to minimize disruption of your family? How?
How would you score the contractor both on technical expertise and finished
appearance of the project?
Did the contractor work neatly and clean up at the end ofeach workday?
You can research your project by reading do-it-yourself magazines and manuals, so you have a grasp of the work involved. Then invite at least three contractors to bid your project. As you talk through the proposed improvement,
ask what special problems could arise and how the contractor would resolve
them. If a contractor is vague or dismisses your questions, keep looking.
Pay For Quality When adding rooms, rearranging the kitchen, moving walls or performing other major improvements, spend the extra money for a design professional. Be sure anyone who works on your house is licensed and insured.
Get It In Writing Write the contract to include exactly what the project will entail, how much it will cost, and at what points payments will be made. Make sure the contract specifies the quality of materials to be used, beginning and ending dates, sanctions for tardiness, and how changes in plans will be handled. Keep on top of the project, checking progress and the quality of workmanship. If you are unhappy with something, talk to the contractor immediately.
Make sure all changes from the original contract are made in writing.
Make all complaints, suggestions and compliments to the boss. If possible,
have your chosen contractor do a small job first, so you can verify the quality
of work before you become mired in a more complicated job. You'll also get an idea what it's like to work with the contractor, if he will be responsive to your questions, concerns and suggestions.
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