Valuation of Tree Aesthetics on Small Urban-Interface Properties
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Copyright 1999 The International Society of Arboriculture.
Abstract
A model was developed to predict the value contribution of forest condition on small urban-wildland interface properties. Sample data were collected on property transactions in the Lake Tahoe Basin of California between 1990 and 1994. A variant of the stand density index (SDI) and a tree health measure were added to a list of traditional property characteristics (i.e., location, house size, lot size) to express the influence of tree care on property value. These aesthetic characteristics were statistically significant despite the expected dominant influence of the traditional characteristics. Values for the forest density and health characteristics were estimated and reveal a contribution to property value between 5% and 20%.
Suggested Citation
Richard Thompson, Richard Hanna, Jay Noel, and Douglas D. Piirto. "Valuation of Tree Aesthetics on Small Urban-Interface Properties" Journal of Arboriculture 25.5 (1999): 225-234.
Available at: http://works.bepress.com/dpiirto/15
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