30 Sep '11, 6pm

As if they haven’t done enough for you, trees also increase property values:

As if they haven’t done enough for you, trees also increase property values:

Trees, man! They produce oxygen, they cool the planet , they make you smarter , and it turns out they also make your house worth more . It's like a Shel Silverstein book or something. A recent study of Portland, Ore., rental properties, led by Geoffrey Donovan of the U.S. Forest Service, found that the presence of trees can subtly increase rental prices, even once you control for factors like how popular the neighborhood is. A tree in the yard increased rent by $5.62; trees on the street increased it by $21. Donovan's previous research has found that there's a much bigger effect when you're trying to sell a home, rather than rent it. A paper from 2010 (comfortably after the real estate bubble) found that Portland homes with a tree on the property sold for $7,000 more than homes without trees. (Although weirdly, a tree in your neighbor's yard increases your home value much ...

Full article: http://www.grist.org/list/2011-09-30-as-though-they-haven...

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