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Updated about 9 years ago on . Most recent reply
Appraisal Value Added? Trees, Waterfalls, Fountains, on Res/Comm
I've so often heard for decades that a mature ornamental and/or fruit tree - especially for instance, the Canary Island Date Palm in this area (Socal) - easily adds 25k-50k to residential, commercial, or even undeveloped land. Ditto for pools, nat falls/creeks, etc in absence of the topmost sellers like waterfront or 365/clifftop views.
http://www.wsj.com/articles/SB108690570014334423
However, after years of observing appraisers doing their thing, never noticed any stop to smell the roses let alone scope out a backyard or landscape aesthetics! Of course they do stand on the curb or streetfront for a couple mins taking notes, pics..
But do they actually add value for mature trees, orchards, artif waterfalls, ponds, fountains, etc?