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Think of palm trees as one of your investments. A healthy palm tree increases in value quickly with age—paying real dividends, increasing property values, beautifying your surroundings, purifying the air, and saving energy by providing cooling shade from summer’s heat and protection from winter’s wind. The rate of increase in value of a palm tree is historically greater than gold and the demand for this investment has increased each year. It is almost independent of the general economy. Can you imagine any new or remodeled project in any climate than can support palm trees without them. Most people do not realize that trees have a dollar value of their own and this value may be determined by a competent plant appraiser. Remember that trees, like other real property assets, can be damaged or destroyed and in most cases you are able to recapture any loss through you insurance and more importantly from your federal income tax. The plus side is that you pay no appreciation tax on tress grown on your property as landscape elements. You should begin to think of how palm trees could finance your retirement, send your children to college, provide a trust fund for your grandchildren and enhance the quality of your life in the interim. The value that palm trees could add to your life are rooted deep in our history. Most people respond to the presence of palm trees beyond the simple process of observing their beauty. Feeling to serenity, peace and tranquility often resonate with the site of a palm tree. Witness the response of people to the removal of trees from the public areas of their community; that reaction speaks to our innate need for trees in our lives. Trees are often planted as living memorials for loved ones. Palm trees have always been associated with wealth, royalty and success and are often the symbols of individuals associated with wealth. Witness the Palm Island built in Brunei.
Housing areas often include the names of trees and many are differentiated by the type and presence of palm trees in them. Palm trees are the most frequently plant material that in incorporated into a landscape in scale. Others are planted as seedlings that takes years to develop. People will pay for large palm trees for their homes but seem less willing to do that for other varieties. A 22 acre Palm Tree Nursery in Florida was priced for sale as a development which had mature palm trees located had a land value of $325,000 and and inventory value of $500,000. The trees were worth more than the land was valued as a prime development site.
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