Homeowners love making additions or changes that can positively affect how much money they can get when they want to sell. Most people will instinctively go for bathroom or kitchen remodels, basement finishing, and other such projects.
However, more homeowners now realize the impact of trees on home value. Do trees increase property value?
The premier tree service in Gaston will cover the details you need to know in this post.
The Relationship Between Trees and Property Value
Talking about property value and trees may seem strange, but research shows a clear relationship between them. According to data from the U.S. Department of Agriculture and Brigham Young University, trees can increase a property’s value by 3% to 15%.
With the median home sale price at $387,000, this could mean up to an extra $58,000 when it’s time to sell your home.
How Do Trees Increase Property Value?
Trees increase the value of your property in the following ways:
Higher Curb Appeal
The exterior of your property is the first thing prospective buyers will see when they look at your property. Beautiful, mature, well-maintained trees have a way of improving a property’s visual appearance. They add depth, visual interest, and color.
However, spaces with trees don’t just look attractive.
They have a psychological impact that’s hard to quantify. How many times have you felt fresher and more relaxed sitting around trees? That feeling makes potential buyers willing to pay more for a property with trees around it.
Better Energy Conservation
Healthy, mature trees can lower your energy bills depending on their size and position around the property. Trees block excess heat from the sun and the harsh winter winds. As a result, they can keep your home’s indoor space at more comfortable temperatures, lowering the strain on your heating and cooling systems.
The Forest Service of the U.S. Department of Agriculture puts it all into numbers. According to them, strategically placed trees can lower your cost of air conditioning by up to 56% and save you up to 3% on heating.
Thus, potential buyers know how much they stand to gain each year in saved energy costs.
Improved Privacy
Privacy provides one of the biggest selling points in the current real estate market. Potential buyers know that mature trees mean less worrying about prying eyes.
You’ll find it hard to replicate the seclusion and privacy you get from mature trees compared to any fencing options. Your six- or seven-foot tall fence will not provide the same level of cover as a mature tree of the same height.
Get More Guidance on Increasing Home Value With Trees
Are you still asking, “Do trees increase property value?” Do you want to talk more about the benefits of trees for property appraisal? We are experts on all things trees and real estate value. We’ll provide the guidance you need on the types of trees to grow, how to keep a tree small, how to make it grow bigger, and more.
Call Oregon Arborist in Gaston, OR, today at (503) 899 4166 to schedule a free estimate.