Property managers, homeowners, commercial building owners, and institutions may easily cut costs by putting in artificial turf instead of non-drought tolerant grass. The notion may not be new, but is developing more attention as owners and real estate stakeholders try to reduce costs in a tightening economy.
The idea is really uncomplicated. If you swap traditional grass lawns, which have a tendency to use a great amount of irrigation water and care on a weekly basis, with great looking synthetic lawns that will be needing virtually no servicing and zero water, the ROI make the project accountant-proof. Recurring costs can be cut in two areas. Lawns made out of artificial turf, whether putting greens or sports fields, require no irrigation water, which might be pricey, especially in dry areas. At the same time, lawn service expenses are dramatically more affordable with synthetic lawns, notably for schools with big grounds.
Is the cost advantageous? A cost-benefit analysis is one thing that each homeowner or building owner will need to ascertain, but the initial step to accomplish this is always to get a bid for installing the product in your particular property. Estimates can differ widely amongst contractors, and competent installation of a high quality product is extremely important if you hope to enjoy the best ROI.
In many instances, the cost of materials and labor can be recovered within two to 4 years. With interest rates as small as they are today, if a job is financed, the monthly cost of the synthetic lawn installation can be significantly lower than the monthly water and lawn maintenance bills that are no longer required. This can save the average homeowner higher of $20 a month. Where larger savings become attainable is with commercial properties with more landscaping, such as commercial buildings and churches. For lots with greater areas of landscaping, an synthetic grass solution can possibly lead to a financial savings of 100s of dollars on a monthly basis.
There can also be tax savings property owners can acquire as a result of adding synthetic grass. Our advice is to meet with your tax advisor about it, but the costs may be written off . Frequently, state agencies even will offer you rewards for synthetic lawn installation to reduce a portion of the installation cost. Without exception, however, homeowners should instantaneously enjoy lower charges for irrigation water and landscape care. If the real estate is income property, the costs may well be even more important, as seemingly small cost reductions could very well make the difference between a negative and positive bottom line.
