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Home Sellers Should Plant a Tree!

Home Sellers Should Plant a Tree!

FromReal Estate News: Real Estate Investing Podcast


Home Sellers Should Plant a Tree!

FromReal Estate News: Real Estate Investing Podcast

ratings:
Length:
4 minutes
Released:
Oct 23, 2021
Format:
Podcast episode

Description

If you’re selling your home and you have a green thumb, you might want to plant a tree. Or pay someone else to plant one for you. According to a new survey by Trees.com, some real estate agents believe that just “one” healthy tree can increase property values by 30%.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Trees.com started off as a blog in 1997 which has evolved over time into a shopping site for plants and trees, along with plenty of educational material. (1) The survey was done last month with the help of 1,250 licensed real estate agents, and 78% of them said that poor landscaping has a negative impact on the value of a property.The Value of a Well-Positioned TreeWhen it comes to the best way of upgrading your landscaping, 59% of the agents said “add a tree.” 20% of the agents said that one tree will increase the property value by 30%. That’s one in five of the agents participating in the survey. If you do the math on a home that’s worth $300,000, 30% of that amount is $90,000!Another 40% of the agents estimated the additional value would be 10 to 20% or $30- to $60,000. The remaining 40% estimated a range of between 1 and 5%. Of course, a lot would depend on the tree, and what it looks like in the yard.Aesthetic CharmWashington-state real estate broker, David North, says that trees can add “aesthetic charm” to a home. He told Trees.com: “A tree is one of the most natural and interesting ways to add color, texture and contrast to any home’s yard.” He says: “The natural beauty of a tree can be especially powerful when it distinguishes one property from others, whether by different shape, color, or size.”Ecosystem Upgrade Trees also improve the ecosystem of the property. California real estate broker, Kimo Quance, says they help with “stormwater management, pollution filtering, and soil fertilization. During warmer months, trees are a natural cooling system, providing shade. Then, in colder months, trees that lose their leaves let sunlight filter through to warm the home.” They can also help stabilize soil and prevent mudslides, if there’s an incline to the property.Landscaping ElementsThe survey also ranked various landscaping elements, and grass was the most important feature for improving value. It didn’t include the estimate value of the grass, but you might surmise that it could rival the added value of trees. Trees were next on the list, followed by flowers, hedges, mulch, and fountains.Hardscaping FeaturesAs for the hardscaping features of a property, the agents ranked decks as most important. After that, driveways were second on that list, followed by an outdoor kitchen, artificial grass, a gazebo, and a firepit.Inside GreeneryThe survey also touched on greenery “inside” the home. 54% of the agents say it’s a good idea to have indoor plants as part of the staging, but most of those agents were in the Southern and Western regions of the country. So indoor greenery may be more important in those areas.There’s a link to the Trees.com survey results in the show notes at newsforinvestors.com.You can also find out more about real estate investing at our website by joining RealWealth for free. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke. Links:https://www.trees.com/poor-landscaping-can-decrease-property-value-by-as-much-as-30
Released:
Oct 23, 2021
Format:
Podcast episode

Titles in the series (100)

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!