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Ever wondered what the trees in your yard are worth? Have you thought
"Can you put a monetary amount on the value of the tree?" We hear about the
curb appeal of trees, and landscape, and how that is the first impression of potential
buyers, and guest and those are true. Now it may be possible to place a value to trees.
Two guys in Portland have collected data, and created calculations to help do just that.
By taking into account the types of trees, evidence of disease, proper pruning, and other
data and ranking them with the size of the crown of the trees in conjunction with houses
sold, they estimated that street tree adds $8,870 to the sales price of the property it's in front
of, and also minimized the time of a home on the market by 1.7 days.
The researchers also ascertained that mature trees provided on average $12,828 to the value
of other homes around it.
While this research was solely based in Portland and the numbers will vary for the market,
the monetary value of street trees, and yard trees is unmistakable.
Doesn't this make you want to plant a tree?
Information from:Trees in the City: Valuing Trees in Portland Oregon by Geoffreey Donovan
and David Butry; Landscape and Urban Planning, vol. 94, 2010
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