Money Can Grow On Your Trees
For Immediate Release
January 24, 2007
Media Contact:
Tim LeRoy
312-558-1770, ext. 128
Trees can both save and make money for your property
CHICAGO – Whoever claimed that “money doesn’t grow on trees” may not have understood the true value that trees can have on your property, as well as your pocketbook. According to The Care of Trees, it’s estimated that trees on your property can account for up to 20 percent of your home’s overall value.
“As with your property, your car, or your home, each tree has its own individual dollar value, which is why trees can both save us money when we own our home, and make us money when we sell it,” noted, Dr. Rex Bastian, an entomologist with The Care of Trees. Large shade trees can reduce air temperatures inside your home or business by up to 20 degrees Fahrenheit, according to Garland Power & Light, lowering both heating and air conditioning costs. Mature, healthy trees also offer many additional benefits, including:
- Increased home value. Your property’s overall landscape has the potential to add between seven and 15 percent to your property value, as reported by The Gallup Organization.
- High appraisal value. Many mature trees can have an appraised value between $1,000 and $10,000, according to The Council of Tree and Landscape Appraisers.
- Improved air and water quality, helping to fight pollution.
- Reducing bothersome noise up to 50 percent and masking unwanted noises, according to the Environmental Protection Agency.
- One single urban tree can provide up to $273 a year in air conditioning, erosion and storm water control, and wildlife shelter benefits, according to The Care of Trees.
Determining the value of your trees is the first step in assessing your property’s overall value. Certified arborists are skilled in examining the individual factors that determine a tree’s value, including health, location, species and size. The certified arborists at The Care of Trees can help you help your trees.