Quote:
Originally Posted by jyl
Does it make sense to use home equity for landscaping? $1 of landscaping improve the property value by how much $__?
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I wouldn't recommend going in debt to pay for landscaping - whoever - my finding s on Google:
1 source:
Check what it is valued in your area, it might be the same... also note that the return on this investment will bring 100% - 200% depending how well it is planed and installed.
another:
A Clemson University study found that landscaping can result in more than a 100% return on investment. The report concluded that “Homeowners wanting to increase the value of their property will do well to consider the cost-effective, return potential of quality landscaping, and to safeguard their investments by hiring licensed, professional landscape contractors to perform the work.” The return on investment is contingent upon the quality of the landscape installation. This study also found that consumers value a landscaped home up to 11.3% higher than its base price.
a third:
According to a MONEY magazine story on home renovations, “not all improvements will increase the value of a house by the amount they cost to perform.” Landscaping, however, according to their research, has a recovery value of 100% to 200% “if it is well done and harmonizes with foliage nearby.”