Is Having a Yard Worth It? Here Are the Pros and Cons

Trying to decide between a house with a yard or a condo without one? Consider these factors.

Lawn benefits and considerations

A lush landscape with enough space to host a cookout is certainly enticing. But if you're not well-versed in lawn care tips, you may not realize what it takes to achieve that backyard paradise.

Here are some of the upsides to owning a yard—with other factors worth considering—to help you decide what type of home is best for you.

The benefits of caring for a lawn

Yardwork can be a stress reliever

Did you know working outside can be good for you? Not only can you give yourself a solid dose of Vitamin D, but studies have shown gardening can decrease cortisol, the stress hormone. Plus, you'll be getting a little exercise.

Privacy is in your hands

When you own a yard, privacy between you and your neighbors is within your reach. Here are a few ways to make it happen:

  • Plant trees, shrubs or an entire hedge against your fence line
  • Supplement your traditional fencing with a portable partition
  • Hang outdoor curtains around your patio to create a breezy backyard escape

A yard may increase your home's property value

In addition to improving your home’s appearance, a nice yard may increase your property’s value.

You can take creative control

Part of the appeal of owning a home is having control over everything from paint color to floor coverings. When you own a yard, this freedom extends outside as well. You can choose exactly what you want to plant and create a space that's uniquely yours.

Other factors worth considering

Caring for a lawn can be time-consuming

The average American spends 70 hours a year taking care of his or her lawn. Sound like fun? Then this could be your next great hobby.

You can pay someone else to maintain your yard

If you're on top of your finances, you can still own a home with a yard without getting your hands dirty. The average monthly cost of lawn care and snow removal is around $141 a month, depending on your location. If you want to hire someone to handle these tasks, you could be looking at $1,170 to $1,755 a year.

Your neighborhood rules

In many condos and townhome communities, the homeowners association (HOA) is responsible for maintaining the trees and grassy areas around you. It may be easy-peasy, but keep in mind you're still paying those HOA fees to cover the maintenance.

Keep it up. You're getting smarter about home buying.

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