Many homeowners will jump to adding an extension or renovating their entire home to increase its value. While this can be an effective way to add value to your property, it is not the only one. In fact, a significant amount of value can be added to your home with a Landscape design project. The American Society of Landscape Architects (ASLA) estimates that the right landscape design project can increase your home’s sale price by 15-20%, and create a return on investment (ROI) of 20-30%.
The amount you will need to invest, and the ROI will depend on the value of your home, the current market trends, and which areas of your Backyard you choose to invest in. Fortunately, there are many ways that you can improve your backyard to increase the overall value of your property.
Landscape design can positively impact the value of your property, but you will need to ensure that you choose the right features and spend the right amount of money, to get the most out of your investment.
Benefits of using landscape design to increase the value of your home
Customize your home
Many people are now investing in adding value to their homes, without the intention of moving. Resale of a property is not a prerequisite for adding value to your home, instead, it is a great way to customize your home, create features that reflect your family’s needs, and future-proof your property.
Create a more functional space
Regardless of the reason for adding value to your home via landscape design, outdoor spaces have become increasingly popular in recent years. By boosting the appearance of your backyard, you can make it a better and more functional place to spend time in, relax, and entertain guests. It can also provide you with a much better view of the interior of your home.
Enjoy the hot weather
The Southern California Climate provides residents with bright and hot weather – all the more reason to spend time outside. And what better way to have an oasis right on your doorstep? A landscape design project will enable a more comfortable and functional extension of your home. With the addition of features such as trees, pergolas, decking, and a pool, you can have fun, stay cool and relax in your own oasis.
Appreciate nature
The lasting impact that the COVID-19 pandemic has had on our appreciation for nature cannot be denied. With numerous lockdowns, the behavior and relationships with nature within society changed dramatically, with our very own backyards becoming the perfect escape.
The lockdowns encouraged everyone to spend more time in their backyard, and appreciate the space that we may not have utilized before. This new appreciation for backyard space has only increased since. But it didn’t just start there. It was proven long before the pandemic, that nature is important for mental health. This has resulted in the growth of homeowners seeing their backyards in a new light, and are ready to invest in customizing the space for themselves. A professionally landscaped outdoor space has also become attractive to buyers, increasing the demand and house prices for those that can offer it.
Important things to consider when using landscape design to increase the value of your home
How much money you should spend
The general rule of thumb is to spend between 5-20% of your home’s current market value, to see a good ROI. However, this will depend entirely on a range of factors, including trends and consumer behavior, your personal financial situation, and your future goals. If you want to increase the value of your home to live in, this may look different from increasing the value in preparation to selling it for a profit. Make sure you consider your personal situation and set yourself a budget.
Seek professional advice
You may choose to speak to a realtor, or a professional landscape designer, to help you better understand what is trending, how you can obtain your personal goals, and what investments are worth the money. From changing your grass to adding a pool, there are a plethora of ways to increase the value of your backyard with landscaping.
Having the right goals
If you are planning to sell your home, you will need to consider that certain upgrades that you may prefer, may not be to everyone’s taste and potential buyers may not be willing to pay a higher price. Make sure you only consider upgrades that will reward you financially.
On the other hand, if you wish to stay at your home, then you should upgrade and enhance your backyard to your heart’s content. This is your space to enjoy now and in the future, so you must customize it to your specific taste and needs. You may consider using Pinterest, magazines, and books for inspiration, and begin to write a list of what outcomes you hope from the upgrade.
Consider the maintenance
If you are not selling your home, you must consider the maintenance of the landscape project you wish to embark on. This will ensure that you make the upgrades that suit your personal situation. The last thing you want to do is upgrade your backyard to increase its value, and then lose that value as you cannot keep up with the maintenance.
Backyard improvements that will give you the most value and ROI in 2023
Backyard improvements have become a very popular way to enhance the appearance and function of your home’s outdoor space. Aesthetic upgrades, as well as expansions including decks and patios, are trending for 2023 and beyond.
Planting trees and shrubs
Planting trees and shrubs is an excellent way to provide shade and cooling, so you can spend more time in the scorching weather conditions that Southern California brings. They also provide the added benefit of bringing more colorful and diverse nature into your backyard to enjoy. Trees and shrubs can be used to create structures, organization, and even privacy in your outdoor space. These features will create instant and continuous value for your home. Make sure you seek professional advice, to ensure the right plants are used for the Southern California climate, the shape and theme of your garden, and avoid mistakes such as overcrowding.
Driveways
Old and worn-out driveways not only create a safety hazard but also an eyesore, providing buyers an easy way to lowball your listed house price. A quick and easy way to increase the value of your home, and create ease in your daily life, is to install a new driveway or upgrade your existing driveway.
A stamped concrete or paver stone driveway will create luxury and texture, whereas an asphalt driveway will create a sleek and modern look for your home.
Entertaining spaces
Outdoor kitchens, firepits, and seating areas are an excellent way to add value to your home. They provide a luring feature for potential buyers and give you an advantage over other homes on the market. If you are choosing to add value to your home to live in yourself, then it can provide you with a great space to host social gatherings and extend your home further without building an extension. You can opt for a large, luxury outdoor kitchen space for a higher ROI, or a small unit housed on a patio. It will all depend on your budget and intentions.
Pool addition or upgrade
Homes with pools are known to be worth a significant amount more in Los Angeles, than those without. With the hot weather, pools are one of the most sought-after features in a backyard and will add value to your property. They can provide your backyard with a great place to socialize in the heat and provide your family with countless hours of fun. Whether you install a pool for your enjoyment, or to add value to your home, swimming pools are a great investment. A landscape designer will be able to help you come up with a custom design, to suit your budget and your sized garden.
There are many ways that landscape design can increase the value of your home. With the right investments, you can expect a good ROI if you are selling, or long-lasting comfort and enjoyment if you intend to live there. Adding value to your home is a big investment. Make sure you do your research and speak to a professional when making your final decisions.
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