Whether you're a property manager looking to attract more tenants, or a homeowner looking to boost your property value, adding "green space" such as trees, shrubs and other plants to your landscape is an affordable, rewarding way to achieve your goal(s).
But how exactly does green space add value? We break down the details here:
#1: Green spaces boost property values
Green space benefits the economy in many ways, but most importantly it benefits your bottom line. Good landscaping can increase property values by as much as 20 percent.
In addition, landscaping is relatively inexpensive to add and maintain, making it a cost-effective way to add curb appeal and increase your property value, without putting a strain on your budget. One easy and cheap way to buff up your trees and plants is add fresh mulch. (A 2 - 4 inch layer of composted wood chips makes a good quality mulch.)
“Fresh mulch is such an easy landscaping fix,” landscape supply company Fra-Dor, Inc. says. “But it always gives your yard a more put-together look - and once you have the mulch spread nice and thick, it will often last a year or more before you have to mulch again.”
#2: Green space helps reduce air conditioning costs
Strategically planting trees and shrubs on your property can save you up to 25 percent in energy bills by reducing air conditioning and fuel costs year-round, according to Twin Cities-based Precision Landscape & Tree. Some estimates even put that savings at around 40 percent depending on where you plant and the type of building. Consult a professional arborist before planting to ensure you are maximizing your savings!
#3: Landscaping renews business districts
The greening of business districts increases community pride and the perception of the area, which draws customers to the businesses in the area, green space advocacy group Project EverGreen says. Bustling businesses mean a strong economic community, which benefits homeowners and property managers alike.
#4: Quality landscaping means quality goods
It’s all about curb appeal, and that’s exactly what you want when you’re looking to raise your property value or attract prospective tenants.
“[Your landscaping is] the first thing people see,” the folks at McCarty Construction, a New Richmond, WI-based homebuilder and remodeler, say. “And it also sets the stage for your neighborhood.”
So? What are you waiting for? Get to planting! The environment, your neighborhood and bank account will thank you for it.
About the Author
Caitlin Burgess is a former community journalist who now works in blogging and digital marketing. She is a guest contributor for a handful of home, garden and tree companies in the Twin Cities and Western Wisconsin area. These include Fra-Dor, Inc., McCarty Construction, and Precision Landscape & Tree (check out her article, 8 Steps for Planting a Tree!)
Photo Credit: HGTV Remodels.