March 18, 2010
1:00 – 2:00pm EST
Studies conducted around the country confirm this, but any realtor will tell you that trees can increase the value of a home. In fact, property values of homes with trees in the landscape are 5-20% higher than equivalent properties without trees and just adding a few trees can increase the sales price of homes by 1% and speed the sale of a home by four to six weeks. Adding trees in just 4,000 yards could increase homes sales by a combined estimated $10.4 million.
Landscaping for Property Value Resource List
Donovan and Butry- Trees in the city: Valuing street trees in Portland, OR
Geoffrey Donovan’s Website
REAL Green Brochure
REAL Green Tree Selection Guide
REAL Green Development Proposal
Geoffrey Donovan, Research Forester, Pacific NW Research Station (Portland, OR)
Geoffrey Donovan has authored numerous studies investigating the impact of trees on home and property values. His current research examines the policy and economics implications of property value increases through trees. For example, he has found that while 40% of value is on the tree owner’s land, the rest is divided among homes within 100 feet. From a policy perspective, community greening is an important issue for not only homeowners but also city and state governments.
Jane Fortune, Development Director, Tree Fresno (Fresno, CA)
A partnership between Tree Fresno and real estate agents could add 100,000 trees to the region’s urban canopy over the next decade. Under a program beginning in January 2010, participating real estate agents in the Fresno Association of Realtors can buy two trees and a free one-year membership to Tree Fresno as house-warming gifts to families who purchase a home in the Fresno and Clovis areas.
Webcast attendees will learn about:
* Why and how much value trees add value to homes and properties.
* Marketing trees within the frame of the real estate market.
* The effects of tree size, height, type, and health on value imparted to surrounding property.
* How tree location on properties or along streets determines distribution of added value.
* Working with and educating realtors and developers about the value of trees.
About the Webcast Series
The Webcast Series is the Alliance for Community Trees’ bimonthly webcast series held at the lunch hour and made possible through support from The Home Depot Foundation and USDA Forest Service. The goal is to create informal training opportunities for local urban and community forestry organizations. The content is geared to mainly serve the needs of volunteer organizations and community groups, although webcasts are open to all.
The trainings leverage local successes by amplifying to a larger audience the model organizations’ methods, materials, and approaches. Sessions are planned to last no more than one hour, with two presenters speaking on the same topic from slightly different perspectives, each for 10-15 minutes, followed by 10-15 minutes of questions and answers.