What to know about landscape renovation budgeting

Money doesn’t buy happiness, but it does impact most of our decisions. Today, we’ll take a look at a few things to keep in mind when considering renovating your landscape

What is a reasonable budget?

MOST full property renovations are between 8-12% of the house value. There’s not a science to this, it’s just a handy little tool to do a quick calculation. We’re not trying to do more expensive things at expensive homes or are being irresponsible with your budget if you live in a certain neighborhood. But, property value usually takes into consideration lot size (very landscape-impactful), bedrooms (can impact how you use the space: spaces for more people might have more features or larger areas), and location (landscape in San Diego is going to cost more than Bakersfield). Here are a few other quick take-offs to consider:

• 5% of your property value: a small improvement consisting of just planting and maybe a few pathways that you don’t need engineered or structured (aka no hardset flagstone or concrete).

• 10% of your property value: most standard improvements.

• 15% of your property value: a customized landscape with big features and customized items.

What are the most expensive elements?

I think you can guess the #1 most expensive feature that usually comes up: pools. Pools will usually be at least $80k. An in-ground spa isn’t that much cheaper as most of the cost of pools and spas can go to permitting, pool equipment, excavation, and pouring. Other high cost items include outdoor kitchens (depending on what amenities you want), shade structures, and decks (depending on the material). Other items that have higher price tags are stairs and retaining wall. Basically, the more engineering an item takes, the more expensive it is because it needs a certain level of expertise to implement.

Plants can’t be that expensive, right?

yes, BUT they also grow. This is where I usually start when value engineering. You can always plant smaller and less. My landscape designs are to create big impact. I’ll always maximize a space because the expectation is that I’m the professional and will do my best to create the best environment possible. If you’re patient, you can save quite a bit of money. A 5 gallon plant is less than 1/3 the cost of a 15 gallon plant installed. If you decide to get trees larger than 24” box you’re going to be paying for machinery to help get it to it’s location. Also, there are some plants that are very slow growing and their cost reflects that.

What has the highest return on investment?

TREES! Visually, a tree is very impactful in a space. It creates scale, softens a space, and can set the tone for a whole space. The lasting value of a tree is vast and they have the longest lifespan of plant material. They also take less water the more mature they get! If you do anything in a blank backyard, add a shade tree or two.

What random things can impact cost?

the layout of your property. No large access to your backyard? You’re paying for the time it takes people to walk back and forth to grab things and it can be really tough to get back there if there’s no good access. Also, the grading can have large impact on accessibility. Other than the layout is your neighborhood: zoning ordinances and HOA requirements can drive up design and construction costs.

Is it worth it?

You know I’m going to say yes. However, it’s not a resounding “YES!!!!”. If you can’t see yourself living in your home for 10+ years, make small changes. If you just want a little curb appeal, choose three reliable plants you like and plant them in groups of three or more to fill out an area. Don’t pay for a custom kitchen if this isn’t your forever home, buy a prefab counter and put your barbecue next to it.

The last thing I’ll leave you with is have some flexibility. Landscape renovation is just like any house renovation. You need to have contingencies. Get multiple bids, ask friends/family about their contractors, and be thoughtful about what you want your outdoor space to be. An inviting landscape will always be more used than just a lawn and patio.