Can bad landscaping decrease your sale price?
There’s no question that landscaping elements like trees, grass, and flowers add a lot of visual appeal to a home, but just how much does their absence affect what a home is worth?
Home prices in the U.S. have surged within the last two years, the result of pandemic-related relocations, low mortgage rates, and a lack of new and existing housing inventory.
According to Zillow, the median home value in the U.S. was $303,288 as of August 2021, a 17.7% increase from 2020.
However, according to a new Trees.com survey of 1,250 licensed U.S. real estate agents (and our agents agree!), there’s one way to decrease a home’s value—neglect your home’s landscaping and hardscaping.
Landscaping provides potential buyers with a first impression of your home, and gives potential buyers an idea of whether the home was maintained and cared for well, or not. This first impression can affect what they perceive the homes value to be. If the landscaping is overgrown or the property looks run-down, the homes’ value could drop in their mind before they’ve even seen the interior.
In today’s hot real estate market, even a 10% price decrease means a seller could be leaving tens of thousands of dollars on the table if they don’t bring their lawns up to snuff before putting their home on the market.
Take a look at the full landscaping survey from Trees.com if you are interested in learning how your landscaping could affect your sales price, then give one of our agents a call for more input on how to get your country home ready to sell.