Don’t Overlook the Trees, Home Buyers Aren’t!

The number of trees on a lot can be a powerful influence for home buyers. 18 percent of repeat buyers and 25 percent of buyers purchasing a new home said that being on a wooded lot or on a lot with many trees was very important to them, according to National Association of REALTORS®’ home buyer and seller surveys.

If buyers can’t live with a wooded lot, they certainly at least want one nearby. Twenty-three percent of recent buyers surveyed felt that convenience to parks or recreational facilities was an influencing factor for their neighborhood choice.

Home buyers may not only want trees for beauty but also for savings. At least three trees strategically placed on a lot can save an average household between $100 and $250 in annual energy bills, according to the U.S. Department of Energy.

Source: “National Arbor Day: Trees and the Home Purchase,” National Association of REALTORS® Economists’ Outlook blog (April 24, 2015)