Are we experts in lawn maintenance? No. However, as one of the largest guarantors of single–family loans in the country, we do know a thing or two about home values.
Grass, dirt, bushes and trees can account for 10 percent or more of the price of your home, probably the most expensive thing you will buy in your lifetime. And if you are considering selling (and it's certainly a seller's market in most parts of the country right now) good landscape design can add up to 20 percent of the value to your home according to Bob Villa. That's why smart landscaping and lawn care are essential to protecting your property's value.
And you know who else cares about your lawn? Your neighbors. In fact, studies have shown that taking your landscaping from "good" to "great" can add 6 percent to 7 percent to a home's value. On the flip-side, you don't want to be accused of external obsolescence - where external factors have an effect on a home's value, factors that can cause a decrease.
If you're a first–time homebuyer, and you don't have a green thumb, here are a few tips to help you through your first green growing season.
"Homeownership gives us the freedom of planting whatever we like in our yard, painting our walls and building a kitchen to our specific needs. It also gives us the freedom to be stable and secure in our fifties and beyond. Becoming homeowners was the best thing we could have done!"