Thinking about renovating your landscape and wondering if it will be worth it? Go for it.
In May 2015’s Turf Magazine, Nicole Wisniewski, Editor-in-chief, wrote an editorial titled “LANDSCAPE ROI AS HIGH AS 150%” which heralded optimism and opportunity for homeowners and businesses that renovate and upgrade their property landscapes. ROI, or return on investment, of hardscape and landscaping projects can raise the value of your property and ensure more interest from homebuyers. Six years later, we are still seeing home sales escalating, especially in the Southeast. Homeowners during the pandemic shutdown, looked out their windows onto uninspiring backyards. The landscape industry inadvertently benefitted from the stressful shutdown with frustrated homeowner’s wanderlust, who then decided to use unspent vacation money to create their own tropical getaways or sanctuary retreats. And in return (on investment), saw homes and communities renovated in the landscaping and gardening boom of the century.
According to RealEstate.com: “For every dollar spent on upgrading a backyard or outdoor space, a homeowner can expect to get back anywhere from 60 cents to two dollars. With up to 14 percent added to the home’s resale value; on a $500,000 home, that’s nearly $75,000.”
Landscapes not only provide curb appeal, a sense of the community’s values, an introduction to the homeowner’s personal style, but also insight as to the future value of the home’s marketability. I especially loved John Duffy of Duffy Real Estate’s quote in the Turf Magazine’s editorial saying, “The new mantra in home buying is location, location, landscape.” Go ahead and upgrade your landscape, it’s a worthy investment.
The National Initiative for Consumer Horticulture (NICH) is a consortium of industry leaders who are promoting the benefits and value of horticulture. NICH brings together academia, government, industry, and nonprofits to cultivate the growth and development of a healthy world through landscapes, gardens and plants — indoors and out.
Teresa Watkins is a landscape designer, horticulturist, garden writer, and co-host of syndicated Better Lawns and Gardens radio show, heard Saturdays 7am – 9am on WFLF FM/AM, Florida News Network, iHeart Radio, iTunes, and Betterlawns.com. You can find her at www.she-consulting.com or on Facebook and Instagram: TeresaWatkinsFL