When selling your property, you want the price to reflect the effort and time that you have put into maintaining it. For many, this means renovating the bathrooms, retiling the kitchen, or painting the walls.
Boosting curb appeal is also another thing that realtors often advise homeowners to do when looking to increase the value of their property. This typically means doing a bit of landscaping.
However, most people do not know how much value a tree can add to their property.
According to research, landscaping with trees can increase your property value by up to 20%. How so? This article will discuss how trees add value to your property.
Privacy is an innate need among the human species. According to Privacy International, we value private spaces as they allow us to be ourselves without judgment, in addition to giving us control over what other people know about us.
Having trees on your yard allows you that kind of privacy, which is why potential homebuyers will be willing to pay extra for it.
What’s more, studies indicate that neighborhoods with greater amounts of tree cover have significantly low crime rates, which is a factor that affects the value of a property directly
You cannot deny the aesthetic appeal of a lawn with well-maintained trees. For many, this appeal is worth every extra penny. According to the Council of Tree and Landscape Appraisers, the appraised value of a mature tree often ranges between $1,000 and $10,000.
Trees also help maintain your lawn by preventing erosion, thanks to their extensive root network that keeps the soil intact.
In addition to aesthetic appeal, having trees on your yard can have a dramatic effect on your energy bill. During summer, the shade from the trees can reduce your air conditioning bill by up to 50%. During winter, on the other hand, trees act as a barrier to the cold, and this can reduce your heating bill by 20-50%. This is according to the USDA Forest Service.
Trees are natural carbon sinks, meaning that they absorb carbon dioxide from the air to release oxygen. What’s more, they also filter particles from the air, such as dust, smoke, pollen, and ash. As such, by having trees around your home, you will not only enjoy fresh air but also keep allergens and other health risk inducing particles at bay.
Which Trees add The Most Value to a Property?
There is no specific tree that has been shown to add the most value to a property. Moreover, due to differences in geography and climate, different regions will favor certain tree species over others.
The best tree, therefore, is one that is suited for your region while being hardy and disease-resistant. Such a tree will have the best chances of growing to be big and strong, which is what increases property value.
Study this chart to find the most suitable trees for your region. Nonetheless, we have done some legwork for you and narrowed down the best trees by zone:
1. Zones 3-8: Northern Red Oak/Sugar Maple
The Northern red oak is a classic shade tree. It can tolerate most soil types and grows quickly. The Sugar Maple features a brilliant fall color. However, it needs a lot of space to grow.
2. Zones 4-7: Concolor Fir
The Concolor Fir is a hardy evergreen tree with citrus-scented needles.
3. Zones 7-10: Crape Myrtle
The Crape Myrtle has a liking for Southern weather. It is a small tree with fuchsia flowers.
Can Trees Lower Property Value?
There are instances when cutting down a tree is the best way of increasing the value of a property. They include:
- If the tree is dead
- If the tree is too close to the house and risks damaging it
- If it poses a danger to power lines or plumbing
If your tree shows such characteristics, it is best to call an arborist so they can inspect the situation and advise you on the best way forward. If it has to go, consider getting tree stump grinding services, as it is a much cheaper and more efficient method of tree removal.
There are many things that people do when looking to increase the value of their properties. However, trees are rarely given thought when it comes to that endeavor.
Nonetheless, numbers do not lie, and trees have been shown to raise the value of a home tremendously, in addition to providing other invaluable benefits. Do you have trees on your lawn? What are you waiting for?