Landscape Install: Return on Investment
Do you believe a kitchen or bath remodel will bring a bigger ROI (Return on Investment) percentage to your home? Time to re-evaluate. Landscape re-design is the highest percentage ROI of all home remodeling. The internet is littered with articles that have numbers ranging from 70% all the way to 200%. That’s right, 200% according toMoney Magazine, with the average being about 150%.
Here’s the deal. Not all landscaping is going to bring you a high ROI. For example, seven shrubs and a crooked tree installed by your cousin, the self-proclaimed “landscape expert”, is not going to bring you a 200% return. Nor will a massive rock waterfall with a babbling brook in your backyard. These features, although maybe fitting for your budget or style, are not positives for your ROI.
A well thought-out and designed landscape by a professional will help you in raising your percentages. Front yard landscape designs follow a “Form-Over-Function” motto. They need to obtain substantial curb appeal by using some well-placed trees for height, balanced shrubs and perennials for color, and proper hedges to provide the framework of your landscape. A backyard landscape is a more “Function-Over-Form” mindset because this aspect contains more usable space that tailors to your needs. Some high ROI items include fireplaces, built-in grills, patios, pergolas, and seating walls. These can be designed in way that creates a pleasant feel and extends your living area to the outdoors. Design elements that do not apply high returns are non-usable items like waterfalls, creeks, and ill-created gardens.
Whether your budget is $5,000 or $50,000, a pleasant/ appealing landscape can be applied to your home and help create an ROI that is in your favor.