Valuation of Tree Aesthetics on Small Urban-Interface Properties

"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%." [Abstract]