Which Outdoor Renovations Will Add Value to My Home?

Many people embark on various home improvement projects. They may want to make their home more enjoyable while they live in it or want to make it more appealing on the housing market. Either way you look at it, home improvement projects can add value to your home.

However, not all home improvement projects will enhance your home’s asking price. Some will yield very little for your investment and some projects will turn potential homebuyers away.

Which outdoor home improvement projects are good investments and which are bad? We’ll tell you!

Deck

Adding a deck to your home is a great idea. Homeowners are always looking for prime outdoor spaces. If a homebuyer appreciates your beautiful backyard, the positive feelings could flow to the indoor spaces as well.

Adding a deck is one of the few projects that will provide a good return for your money. According to Home and Garden Television, homeowners recoup 65-90% of their investment.

The cost of your deck’s construction will depend on the size and how elaborate the design. Obviously, you can do the project yourself and save a lot of money. However, deck building isn’t as easy as it looks. If you don’t have the necessary tools or skills, it is probably best to hire a contractor.

Swimming Pool

A swimming pool might be a good addition, but it comes with a stipulation. Swimming pools can sometimes add value to a property if it is located in a sunny, tropical region. Otherwise, a swimming pool is a poor investment. If you’re lucky, you might recoup 30-50% of the cost.

Many people associate swimming pools with lots of safety and maintenance issues. For families with little children, these issues are often deal breakers. And if you eliminate families from your group of potential homebuyers, you have severely limited the amount of people interested in your property.

Sunrooms

Sunrooms are another home improvement project that could be good or bad. If you live in a region that doesn’t have temperatures that reach both extremes, a sun room could be a good investment. One of the biggest downsides of a sunroom is the fact that glass doesn’t provide insulation. Therefore, a home with a sunroom experiences high energy costs during the winter and summer.

However, there are some situations where the disadvantages of a sunroom are overlooked. For example, if you live on the beach, have an amazing city view, or gaze at beautiful mountain vistas, the high energy bills might be worth it. On average, though, a sun room will only recoup $486 for ever $1,000 spent.

Before you engage in a home improvement project, you need to consider the long-term ramifications of your investment. Will your project increase or decrease the value of your home?

Denis is a guest author from Pallspera and one of the best realtors in Vermont.

Image provided courtesy of MS Office

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