One of the many nick-names for Chico - ‘The City of Trees’…got me wondering how trees relate to Real Estate values here in Chico. Personally I’m a big fan of trees, as a birdwatcher trees are generally the feature that I spend most of my time looking at. As a Real Estate agent I imagine that I sometimes ‘impose’ my affinity for trees on my clients – I assign a higher value to homes with mature trees and have often told buyers and sellers that a particular house is ‘worth more because of it’s trees’…is it true?
A Google search of the words ‘trees add real estate value’ provided me with a number of different sites and articles on the subject.
According to an article by Valerie Finholm for Frontdoor.com, trees add from “7-19%” additional value to the price of a home. Finholm quotes Vredevoogd Combs, immediate past president of the National Association of Realtors. "People tell us they want trees and privacy behind," she said. Well-landscaped yards with mature trees and bushes that provide privacy not only fetch higher prices -- they sell more quickly than houses with little or no landscaping, she said, noting that they provide the ultimate "curb appeal" by impressing buyers before they even walk into a house.
Another site belonging to the Southern Urban Forestry Associates claims that their research shows that the value trees add to a particular property ranges from 7 to 25 percent of the total land value. This site contains links and specifics for appraising the dollar value of trees!
With these statistics in mind I decided to check out sales figures for Chico homes featuring prominent trees in an attempt to determine whether the sales prices were positively affected by the presence of the trees. (continued below)
A Google search of the words ‘trees add real estate value’ provided me with a number of different sites and articles on the subject.
According to an article by Valerie Finholm for Frontdoor.com, trees add from “7-19%” additional value to the price of a home. Finholm quotes Vredevoogd Combs, immediate past president of the National Association of Realtors. "People tell us they want trees and privacy behind," she said. Well-landscaped yards with mature trees and bushes that provide privacy not only fetch higher prices -- they sell more quickly than houses with little or no landscaping, she said, noting that they provide the ultimate "curb appeal" by impressing buyers before they even walk into a house.
Another site belonging to the Southern Urban Forestry Associates claims that their research shows that the value trees add to a particular property ranges from 7 to 25 percent of the total land value. This site contains links and specifics for appraising the dollar value of trees!
With these statistics in mind I decided to check out sales figures for Chico homes featuring prominent trees in an attempt to determine whether the sales prices were positively affected by the presence of the trees. (continued below)
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