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There is extensive documentation of the value that intelligent, thoughtful landscape design can add to your home. In many parts of California, the value of the land surrounding your home is equal to, or sometimes even greater than the value of the home itself. Well designed, installed and maintained landscaping can lead to a substantial increase in the overall value of your home.
A budgeting rule of thumb for a complete landscape installation or renovation is 5-10% of the total value of your home, including the land. Therefore, if you own a $550,000 home, plan to spend between $27,500-$55,500 for a basic, functional landscape that will return up to 200 percent in value. Unusual materials mature specimen plantings, or elaborate hardscape will add to this figure.
The most successful landscape projects start with a realistic budget. Don’t hesitate to share your budget with the landscape designer. The designer can help strike a balance between special materials and cost-conscious choices to create a beautiful space that meets your functional, aesthetic, and budget preferences before you ask contractors for bids.
Finally, be sure to budget for the ongoing care and maintenance of your new surroundings. Good maintenance will protect your investment, as well as ensure many years of personal enjoyment and satisfaction.