Whether you're looking to find ways to make your home more appealing to buyers, or you simply have a passion for landscaping, you might be wondering which yard improvements will increase the value of your home. A study conducted by Clemson University found an above average yard can increase a home's value by as much as 7%. Landscape economist John Harris says the number may even be as high as 28%.
So, if you're thinking it's time to pick up your trowel and dig in, where is the best place to start?
Your front yard is your first opportunity to make an impression with prospective home buyers. When buyers pull up beside the curb and park their car in front of your Ridgewood home, you want to wow them, and that's one spot in which flower gardens can play a big role. A well cared for flower garden makes your home look extra inviting, and if you choose local plants that will naturally take to the climate in New Jersey, you'll find that the care involved is quite minimal. From Lady's Slipper, to the tri-petaled trillium, to the teardrop shaped blooms of the honeysuckle, there's no shortage of native flora to choose from. An added bonus, is that the local birds and bees will love your yard.
If you're interested in growing a vegetable garden, in most cases you can't expect to see the same kind of return on investment on the Ridgewood real estate market that you'd see with a flower garden. However, if you find the right buyer, an established garden can mean a lot. The local climate and length of the growing season is ideal for leafy greens like lettuce, kale, spinach, and Swiss chard in addition to Brussel sprouts, radishes, tomatoes, and eggplants. Plus, you can cross them off your grocery list and save a few dollars during harvest time.
A few good trees can go a long way. They not only serve to frame your home in an inviting blanket of foliage, they have numerous practical benefits as well. Mature trees work as privacy shields between you and your neighbor. The impressive root systems that develop underground not only firmly embed your the trees into the ground, they also absorb extra water when summer rain storms come through, which helps to prevent soggy lawns and drainage problems.
Trees can also help you cut down on heating and cooling costs. In the summer, the shade created by the trees will help keep your house cool, and when winter sets in, they'll help shield your home from wicked winds. Come fall, they'll transform your yard into a symphony of red, yellow, and orange leaves, which means your home will be beautiful year round. And when it comes to selling your home, a study in Portland, Oregon found that mature trees can increase the value of a property by as much as $9,000 and can lend to a speedier sale. Considering most trees can be purchased for under $100, this is an incredible return on investment.
The value of a good fence is undeniable especially if you have young children or a pet. Having that said, fencing is pricey, and if you have a large yard, the cost of a new fence can be substantial. Whether you opt for chain link, treated cedar, or Allan Blocks makes a big difference. Chain link fences don't tend to increase the value of a home, but an attractive picket fence or stone fence can, especially if it's out front. It also depends on the standard that's been preset by your block. If everyone has a white picket fence, yours won't be anything special, but if your home is the only one that went the extra mile, suddenly your home has the potential to fetch a bit more on the market.
To learn more about buying or selling Ridgewood homes, contact Tarvin Realtors. They have the local knowledge and skill set you need to enter the Ridgewood real estate market seamlessly.