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Updated about 2 years ago on . Most recent reply

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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
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How much does landscaping affect an appraisal on a BRRR?

Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
Posted

We're rehabbing a SFR in far northern CA (Shasta Lake City, Zone 9). It's a total gut rehab so everything about the property is new and very nice but solid middle class - nothing extravagant. We had to pull out every bit of "landscaping" that existed because it was a jungle - vines growing through the windows and weeds covering all kinds of hazards around the house. So now it's basically barren red clay dirt. Of course we want to get maximum $ from the appraisal. My question is, how much does landscaping factor into the appraised value? Since it's going to be a rental and most tenants won't keep up the landscaping, what's the balance I should be trying to achieve to positively impact the appraisal but not overwhelm a tenant with expectations they'll have a lot to keep up? Suggestions for specific types of plants and/or hardscaping ideas would be much appreciated. Very hot, dry summers. Fairly cold winters (30's with some snow days). Full sun.

  • Bonnie Low
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    User Stats

    1,942
    Posts
    1,775
    Votes
    Bonnie Low
    #1 Medium-Term Rentals Contributor
    • Lender
    • Asheville, NC
    1,775
    Votes |
    1,942
    Posts
    Bonnie Low
    #1 Medium-Term Rentals Contributor
    • Lender
    • Asheville, NC
    Replied
    Quote from @Nicholas L.:

    @Bonnie Low

    did this get resolved, or come up again in your investing career? I'm working on my 3rd BRRRR and going to try to put out all the stops to make sure i get the best appraisal. I would think appearance generally matters - first impressions and all that. but needs to be balanced with cost of course.

    thanks!

    I can't say that it's ever been officially resolved, but anecdotally, I don't think it matters a whole lot. I say that because our appraisals have come in pretty much where we expected them to even with minimal landscaping in the way of plants. We have added hardscape, though, to every property. Like sidewalks, a paver patio and gravel side yards with stepping stones. So it's not bare dirt. We did this for aesthetics and also to reduce wear and tear on the property by not having mud and dirt tracked indoors quite as much. I think there is definitely appraised value to the hardscape. I just unfortunately still can't say for sure how much appraised value is given to plantings - I'm guessing nominal at most.
  • Bonnie Low
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