ReCasa Financial Blog

While doing some research on which home projects are increasing a home’s value, I came across a very interesting article. According to Money.com, having a property with trees increases a home’s value between 3.5% to 15%. The average selling price of a home in the US is $407,600, so that is essentially a $14,000 to $61,000 increase.  Trees are aesthetically pleasing and offer benefits to homeowners.

Read full article here - What Trees Add the Most Property Value to Your Home? | Money

According Arbor Day Foundation, trees can create many benefits for a homeowner, including…

·       Add value to property

·       Save on energy bills

·       Help cool your property

·       Lower heating costs by creating windbreaks

While trees can add to a home’s value, it can also lower it. This can happen when invasive root systems cause damage to the home’s foundation and/or plumbing.  A tree that is situated poorly on the property can also cause more harm than good, if it blocking most of the natural light for the home, and thus indirectly causing higher electrical usage. Whether removing a problem tree or reshaping/trimming, it is important to assess the condition of trees on your property frequently.

If you plan on adding a tree to your property’s landscaping, make sure to get a species that will survive your planting zone and soil, and pick one that will be beneficial to you (shade, fast growth, privacy, color, etc.).  A great option is to always pick a tree that is native to your area.

Will you be adding a tree to your investment properties?