Residential real estate market information for Metro Detroit's Northern Suburbs brought to you by Realtors Maureen Francis and Dmitry Koublitsky of SKBK Sotheby's International Realty. Monthly market statistics for home owners in Oakland County. MLS listings available on our web site:

Wednesday, November 09, 2005

Looking for a high return on Investment? Consider Landscaping.

Found this in an email from a friend. Landscaping: --return on investment of 100-200% if done well, the highest of any type of home improvement --enhances sales appeal, increasing the actual speed of the sale --homes with excellent landscaping can expect a sales price about 6 to 7 percent higher than equivalent houses with "good" landscaping --a mature tree can have an appraised value of between $1,000 and $10,000 --landscaping can add between 7 and 15 percent to a home's value --poor landscape design can decrease property values by up to 10% Here more from this article. Shrubbery planted too close to a house can reduce the appraisal value. The most common mistakes made by do-it-yourself landscapers were planting trees and shrubbery too close to each other and too close to houses, fences and other structures.

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