Do you have money growing on trees?
If you have an established garden with mature trees, it is quite possible that you do!
Did you know that a mature Japanese Maple could cost $7500 to replace? That a mature Mahogany tree could be worth as much as $100,000!
Grab your attention?
When we bought our home, we attributed value to the mature maple, oak and various other trees and shrubery on the property. We did not want to wait thirty or forty years for saplings to mature.
A 2009 report by Delloitte and Touche for the Canadian Nursery and Landscape Association found that a well-landscaped property can add up to 20% to the value of a home and that landscaping can bring a recovery value of 100% to 200% when you sell your home. This is because trees are more expensive the older and bigger they get.
Horticultural Asset Management, takes an insurance perspective and, for a $400 fee, will produce a book that will provide an inventory, complete with photographs, and will present a five year valuation of the items in a garden.
Bill Glynn, the co-founder, says that about ten percent of the gardens assessed have plants worth more than $10,000.
Want to add value to your home? ... Or, thinking of selling and want to obtain full value? Do not neglect your garden.
Attracting Birds and other wildlife and Helping to Save Our Planet are just added benefits =)
Chris Smith CSSBB
Chay Realty Inc., Brokerage