Most people are aware that trees and other living plants are valuable. They provide beauty to our properties, manufacture oxygen, reduce rainfall runoff, provide sound barriers, and help us save energy by providing cool shade in the summer and reducing the harsh winds in the winter. However, trees and other landscape plants are a part of your property and have a dollar value that can be measured by competent plant appraisers.
A U.S. Forest study conducted in Amherst, Massachusetts shows that real-estate appraisers estimated that trees contributed as much as 27 % increase in dollars for two thirds wooded compared to open land with no plants. Another study by Arbor National Mortgage, Inc., revealed that “ 84 % of the real estate agents feel a house on a lot with trees would be as much as 20 % more saleable than a house on a lot with no trees.” (Arbor National Mortgage 1993).
If you have trees or shrubs that have been damaged or destroyed, you may be able to recapture your loss through insurance claims, litigation, or as a deduction from your income tax. The extent of damage and how the damage occurred will determine which avenues are available to you to compensate for the lost value. If you have a portion of your property condemned for right of ways, utility easements or other condemnation proceedings, the value of any trees and shrubs on that portion of your property should be considered in determining your compensation for the loss of that property. In the event of a loss or damage to your landscape, you should obtain a written appraisal by a qualified terrain appraiser to insure that you are properly compensated for the dollar value of your landscape.
What is my Landscape Worth?
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