Artificial Turf Return On Investment
Considering artificial turf for your property? It’s essential to evaluate the artificial turf return on investment when making such a decision. In this comprehensive guide, we’ll dive into the ROI for artificial turf, using columns to illustrate returns for each year. With an average cost of $12 to $19 per square foot, let’s explore the long-term benefits of artificial turf.
Factors Impacting the ROI of Artificial Turf
- Initial Installation Costs
- Artificial turf prices range from $12 to $19 per square foot
- The cost depends on factors like material quality and job size
- Lifespan of Artificial Turf
- High-quality artificial turf can last 15-20 years with proper care
- The longer the lifespan, the better the ROI
- Maintenance and Upkeep
- Artificial turf requires minimal maintenance compared to natural grass
- Lower maintenance costs contribute to a higher ROI
Year-by-Year ROI Analysis
| Year | Cumulative Cost | ROI |
|---|---|---|
| 1 | $12-$19/sqft (installation) | Savings on water bills, maintenance, and lawn care equipment |
| 2 | Minimal upkeep costs | Continued savings on water and maintenance, plus increased property value |
| 3 | Minimal upkeep costs | Consistent savings on water and maintenance, and further increased property value |
| 4 | Minimal upkeep costs | Ongoing savings and property value appreciation |
| 5 | Minimal upkeep costs | Cumulative savings surpass initial investment (break-even point) |
| 6-15 | Minimal upkeep costs | Accumulating savings and property value enhancement |
The return on investment for artificial turf, with an average cost of $12 to $19 per square foot, becomes more significant over time. By eliminating the need for regular watering and maintenance, artificial turf can save homeowners both time and money. Moreover, it increases property value and offers an environmentally friendly alternative to natural grass. By evaluating the year-by-year breakdown, you can gain a clearer understanding of the long-term benefits of investing in artificial turf.
