The hefty cost of watering the lawn is causing a number of homeowners to forego maintaining a green front yard. For those with homes on the market, the option is to spend up to $200 a month to water or potentially take a significant hit in the sales price of their home, provided they can keep a buyer from bolting. From CBS Sacramento:
The California drought is hitting home prices as a growing number of brown lawns are making properties less attractive.
A broker told CBS13 it can cost around $200 a month to keep even a small yard green during the drought. As a result, he’s seeing more sellers give up on watering, causing them to take a hit on the sale price.
The front yards of some homes waiting for buyers in Sacramento look like they haven’t seen water in months.
“When the house was listed, it was a beautiful green lawn, and this is what’s happened because they can’t afford to water,” said Shaun Alston with Eagle Realty. “Previously we would talk about staging and painting and all of that. Now we are talking about the cost of watering lawns.”
Even with a housing market on the rise, the drought is impacting prices, and he believes it will should only get worse as the summer unfolds.