We live in an area of trees . . . trees everywhere! Most of us (in part) live in the mountains for the natural beauty that the forest offers. And the request from most buyers we service is “we want a home (or lot) in the trees”, particularly the tall pines. But have any of us given thought to how trees add value to our properties?
The Pacific Northwest Research Station of the U.S. Forest Service says that planting a tree in the front yard of a home can increase the home’s value by an average of $7,130 once the tree has matured. Wow! So, money can grow on trees! And, the tree will add to the overall aesthetic beauty of the property.
But adding trees to a property can also help reduce a home’s energy bills. For example, planting trees on the west side of a home to break the afternoon sun can bring energy savings of 3% within five years and as much as 12% within fifteen years, reducing air conditioning use by as much as 30%, according to the U.S. Forest Service.
And how about those pesky winds we get at this time of year? According to the Arbor Day Foundation, trees and other landscaping can reduce the impact of damaging winds, potentially cutting the wind’s effect on the home by as much as two thirds, unless of course the tree falls on the home (ouch!), but let’s not go there. Trees can also reduce the wind’s effect on heating bills during cold, windy days, cutting heating costs by as much as 30%.
According to a Clemson University study, landscaping can increase the overall value of a property by as much as 6%. And, according to the 2016 Residential Landscape Architecture Trends Survey conducted by the American Society of Landscape Architects, the most desired landscaping among consumers includes native and drought-resistant plants (including trees), rainwater harvesting, permeable paving and fire pits… something for homeowners to keep in mind as they improve their properties.
So, plant trees . . . lots of trees to help increase the value of your property! We’ve found that varying types of Maples, as well as Austrian Pines do well up here. Of course, you will need to irrigate the trees for the first several years until they establish themselves. But, I think you’ll find it worth it, not only from a financial standpoint, but also the aesthetic beauty it will add to your property.
If you’d like to know what your property is worth in today’s market with no hassles and no obligation, please contact one of our Dominion Group Properties’ Real Estate Professionals at 928.468.3232 or visit us at our Bison Ranch office in Overgaard. Learn more about us at www.dgp-az.com. We at Dominion Group Properties are Your Rim Country Real Estate Professionals!
Source: REALTOR® Magazine – Daily Real Estate News, by Erica Christoffer, 4/28/2017