Landscape quality and the price of single family houses: further evidence from home sales in Greenville, South Carolina

In this study, the contribution of the quality of landscaping to house prices was estimated for a sample of 218 home sales in Greenville, SC, from 1996 to 1997. The estimates were made using regressions of house price on house characteristics, location and landscape quality. The results obtained in...

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Bibliographic Details
Published in:Journal of environmental horticulture 1999-03, Vol.17 (1), p.25-30
Main Author: Henry, M.S
Format: Article
Language:English
Subjects:
dwellings
housing
housing costs
landscaping
quality
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Summary:In this study, the contribution of the quality of landscaping to house prices was estimated for a sample of 218 home sales in Greenville, SC, from 1996 to 1997. The estimates were made using regressions of house price on house characteristics, location and landscape quality. The results obtained in this research were similar to an earlier study of Greenville home sales, from 1991 to 1993. For homes with the same square footage and other house characteristics, selling prices were 6% to 7% higher if landscaping quality was judged excellent rather than good. The price premium obtained by upgrading landscaping from average to good was approximately 4% to 5%.
ISSN:0738-2898
2573-5586
DOI:10.24266/0738-2898-17.1.25