There’s a fascinating article using Zillow analysis to figure out the value of food gardens to residential housing. This isn’t news to a lot of us, but it is nice to see the numbers quantified:
- Minor Kitchen Remodel. Cost: $14,917 Return on resale: $14,645 Percentage Return: -1.8%
- Major Bathroom Remodel. Cost: $26,060 Return on resale: $24,264 Percentage return: -6.9%
Here’s how a garden stacks up:
- Average cost of a garden per year (what people spend today): – $70
- Average value of a garden per year (in produce): + $600
- Average value of a garden per year: + $530
So, the garden improvement not only pays for itself, it potentially increases the return on the resale of a home by: 5-7%. Wow. In contrast, the kitchen or bathroom remodel don’t even increase the value of the home more than they cost.
Gardens do cost us time, but the value of the food security they provide and the aesthetic pleasure, as well as light exercise are huge. So if you haven’t been able to get a garden in for any other reason, you could do it to improve your resale value.