Appraisal Institute Offers Landscaping Tips for Homeowners
May 27, 2021 08:00 AM
CHICAGO (May 27, 2021) – The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to hire an appraiser to offer ideas about how to enhance their property’s landscaping and potentially boost their sales price.
Well-landscaped homes are worth anywhere from 1% to 10% more than homes without landscaping, according to a report from HomeLight. Landscaping can make a house much more saleable and attract potential buyers.
“Just as job seekers shouldn’t show up improperly attired for an interview, sellers need to ensure their property is as attractive from the outside as possible,” said Appraisal Institute President Rodman Schley, MAI, SRA. “Well-maintained landscaping is particularly attractive to home buyers who aren’t willing to invest money to upgrade the property to their desired condition.”
A home with lackluster landscaping or an exterior in desperate need of a fresh coat of paint will likely be unappealing to prospective buyers and, ultimately, could affect the home’s potential resale value.
Homeowners considering selling their property should ask themselves:
Is the landscaping attractive enough to make the prospective buyer walk through the front door?
Could the landscaping provide cost savings?
Is the landscaping energy-efficient for the home overall?
Are the trees planted at the safe distance from the home and are they healthy and well-maintained?
Homeowners can learn more about how landscaping may influence property values by contacting a local Designated Member of the Appraisal Institute using the organization’s Find an Appraiser directory.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.