FAQ How Much is My Tree Worth??
This is a great post from Bob Crane. It explains how to value trees. As real estate professionals we owe to our clients to point them toward tree professional when they have questions about the value of a tree or timber.
FAQ How Much is My Tree Worth??
A question that every forester is asked often is how much a particular tree is worth.
Well it depends…
A lot of factors come into play when we appraise a tree including location, type of tree, size of the tree, condition of the tree, and of course what is the tree’s highest and best use.
Timber Value (for Forest trees)
For many trees, especially those growing in the forest naturally, the most appropriate price is that of its forest products, we call this stumpage value.
Stumpage value is the value of the tree as it presently stands and is based on species, size, condition and what the market in the particular area is likely to pay for this tree and the products that is will produce.
Depending on the stage in life that the tree is in, we sometimes use current value, and sometimes use future values and determine, the net present value based on future value, growth, inflation, interest, and projected future markets.
Aesthetic Value (for yard trees and recreational area trees)
These are the expensive trees, even though a yard tree is worth nearly nothing for its timber value, its value for aesthetics is immeasurable, unless of course you bring in a Forester who is trained and experienced in appraising trees for their aesthetic value.
For these priceless gems that shade our homes and brighten our day, we need a Forester who can determine the total value of the tree bases on the International Society of Arboriculture’s appraisal formulas.
These trees are valued based on what type of area they are growing in, a residential yard, a park, a small patch of trees in your far back yard, a visual break, etc.
They are also valued on the species, size and condition of the tree as well as the area of the country that the tree is located in.
When you need to determine the value of the Forest that you are buying or selling, or if tragedy strikes and you need to determine the value of your favorite tree that your neighbor cut down, give us a call and we can help.
We are experts at tree and forest appraisal as well as expert witnesses.
Bob Crane
Woodland Management Service
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Bob Crane
Woodland Management Service
715-204-9663
1925 Elk St
Stevens Point, WI 54481
http://woodlandmanagementservice.yolasite.com/
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