| There are plenty of research on the influence of city | | | | increase in value by 18%. |
| trees and open spaces on property values especially | | | | · Underdeveloped acreages with tree covering |
| in residential settings. With proper landscape | | | | have a 22 % hike in property value. |
| improvements, the economic value of a home can be | | | | · Lots that sit on the hems of wooded preserves |
| increased immensely. This article focuses on the | | | | have a market price increase of 19 to 35%. |
| hedonic valuation of city trees which would not only | | | | · Open land with a two-third forest cover have a |
| benefit developers and home buyers but also play a | | | | price increase of 37%. |
| vital role in a city's revitalization project. Read on to | | | | It can be noted that the cost of preserving trees is |
| know how natural capital such as trees and open | | | | more than compensated by the higher sales price of |
| spaces can add value to a property, although intangibly | | | | the property. |
| so. | | | | 3. Proximity to parks and open spaces. The results of |
| The following are the top 5 landscape improvements | | | | more than 30 studies show that people prefer homes |
| to increase home value, based on the results of | | | | that are located close to parks and open spaces and |
| various studies on trees and residential property | | | | are willing to shell out more money for them. The value |
| values. | | | | of homes located in proximity to naturalistic parks and |
| 1. Advantages of homes with trees. Single-family | | | | open space are typically about 8 to 20% more, and |
| homes with trees are generally preferred to those | | | | increase with the proximity. |
| without. Homes with trees and those located in | | | | · Inner city homes located within a quarter mile of |
| neighborhoods with good tree cover have a higher | | | | a park have a market price increase of 10%. |
| property value than homes without trees. The following | | | | · Homes that are 2 or 3 blocks from a |
| results are from a selection of studies done on yard | | | | heavily-used park have a market price increase of |
| and street trees. | | | | 10%. |
| · Mature trees in your home's yard can increase | | | | · The value of homes located near cleaned-up |
| the value of your property by 2%. | | | | vacant lots increases by 10%. |
| · Having trees in the front yard can augment a | | | | · Homes that are adjacent to a park area or with |
| property's value by 3 to 5%. | | | | a view of it have a value increase of 20%. |
| · Neighborhoods that boast of a good tree cover | | | | · Greenbelts located next to residential |
| can increase a home's value by 6 to 9%. | | | | developments augment property value by 32%. |
| · Homes located in high-income neighborhoods | | | | 4. Forest View. Homes that have a view of the |
| that grow mature trees can increment in value by 10 | | | | forests and parks have better market value due to |
| to 15%. | | | | the aesthetic element. According to some studies the |
| 2. Benefits of preserving trees on lots. Retaining trees | | | | value increase to homes that have a view of forested |
| and forest cover while developing residential sites can | | | | open space and parks range from 5% to 8%. |
| boost market value. Tree preservation in untreed lots | | | | 5. Commercial properties. Non-residential sites have |
| has added value to the property in the range of 18 to | | | | also known to benefit from trees in terms of better |
| 37%, depending on the extent of tree cover. Besides | | | | rental rates at commercial offices that have a good |
| this advantage, homes on wooded lots are known to | | | | green view and increased consumer spending in |
| sell faster. The following is the result of studies made | | | | forested business districts. |
| on market prices of treed and untreed lots. | | | | Source: Arborist News, Kathleen L. Wolf (Aug 2007). |
| · Lots with a substantial cover of mature trees | | | | |