Can a Tree Increase Value for a Philadelphia Rental Property?

Philadelphia Rental Property Trees

If you are a Philadelphia Landlord, and own a rental property, you are one of our city’s greatest investors. You are investing Philadelphia.

And as an investor, we need to talk about numbers. And today I want to give my opinion as someone who has owned a Philadelphia Property Management Service for some years on the value of trees.

Specifically, will a tree increase value? Will rents increase on your rental property far higher than the cost of the tree?

A very simple answer is yes.
It is generally considered in the real estate world that a tree can increase a property’s value as much as 20%.

A tree in Front of a Rental Property offers:

  • Increases Property Appraisal Value. An inexpensive tree will greatly increase the value a bank places on your property.
  • Greatly Increases Rents. Increase curb appeal and you increase rents. Most potential tenants decide on whether they like a rental as they are walking into a property.
  • Increases Neighboring Property Values & Rents. A tree increases the values for the whole block, which benefits you. The more a neighbor’s house is worth the more your’s is worth.
  • Reduction in Utility Bills. Trees provide shade against summer AC bills and even a tree that loses its leaves in winter, can still greatly insulate against cold. Reducing tenant expenses makes your rental more likely to stay rented.
  • Trees Block Harmful UV Rays. The sun and its heat can be quite damaging. It prematurely ages your property. Blocking it, even a little is important.

And they are great for our environment!

Don’t waste time worrying about your property. We fret about values of things like trees for you!

Author:

Joe White

Joe White is a Philadelphia Property Manager and Real Estate Broker. He is the owner of Grow Property Management and has been involved in the management, sales and purchases of Philadelphia area rental investment properties since 2008.

View all posts by Joe White
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