Categories
Make Money From Home

Here’s An Eco-Friendly Way to Boost Your Home’s Value by Up to 15% – The Motley Fool

Image source: Getty Images

Trees can be a wannabe home seller’s best friend.

…….

Image source: Getty Images

Trees can be a wannabe home seller’s best friend.


Key points

  • Trees can add 3.5% to 15% in property value for your home.
  • Healthy trees can offer beauty, shade, and protection from erosion, but sick or dead ones can be dangerous.
  • It’s important to choose the right kind of trees to plant in your specific area and climate.

If you’re a homeowner, you’re perhaps always on the lookout for ways to ratchet up your home’s value. And unless you’ve been living under a rock for the last two years, rather than in your lovely home, you’ve been aware of the wild housing market in the wake of COVID-19. According to Redfin, the median price of a home sold in July 2022 was $412,198, which certainly isn’t chump change. The tide seems to be turning against home sellers ever so slightly, however, as Federal Reserve rate hikes have driven up historically low mortgage interest rates and the market has cooled a little.

Maybe it’s come time for you to list your house for sale and see if you can find a willing buyer. Are you wondering what home features might be worth more money and trying to decide how to spend some cash to give your home the best chance of selling for a good price. Well, have you considered…trees?

Wait, how much are trees worth?

Data from the United States Forest Service suggests homes with trees have anywhere from 3.5% to a 10% more value than homes without — and other studies even say it’s up to a whopping 15%. Let’s say in your area, the median home price is that $412,198 figure listed above. But if you’re fortunate enough to have several beautiful mature trees on your property, they could add around $14,000 to $61,000 of value to your home.

Why do people love trees?

Seriously, what’s not to love about trees? At their most basic level, trees are beautiful to look at. I live in a neighborhood with many mature trees, and it’s wonderful to walk around my neighborhood at any time of year and watch the trees bud, bloom, change colors, and drop their leaves. Trees also provide cooling shade — and if you have a large shade tree in the vicinity of your house, you’ll likely spend less on cooling your home thanks to that shade. Trees can also fight against the effects of climate change by absorbing …….

Source: https://www.fool.com/the-ascent/mortgages/articles/heres-an-eco-friendly-way-to-boost-your-homes-value-by-up-to-15/

Leave a Reply

Your email address will not be published. Required fields are marked *