Improving your home and your lifestyle by putting some money into outdoor areas is a great place to invest. Choosing your outdoor improvement projects carefully can help you to get the return on your investment that you are hoping for. For example, adding a fence to your outdoor space can give you a 65% return on your investment. Learn what other outdoor area projects are going to add value to your home.
Is there anything better than a beautifully landscaped back or front yard? Taking the time to landscape the property around your home will instantly increase your home value by up to 13%. Of course, with landscaping, you improve the aesthetics of your home, and can easily ramp up the curb appeal, but that is not all you will get out of it.
A beautifully landscaped property is inviting. Friends and family will have a great space to gather. Landscaping your outdoor areas will extend the living space in your home from indoors to outdoors.
Adding a Patio
You do not have to add an elaborate patio to your property to get a nice ROI on your investment. A recent study found that homebuyers put an outdoor patio area high on their list of must-haves. About 59% of buyers in the market for a new home report that an outdoor gathering space is high on their list.
A patio can come with a 21% ROI. Additionally, having a patio can provide you and your family with a great place to gather for meals and outdoor fun. It is a win-win investment.
Adding outdoor storage to your property can add some value to your home and will definitely add some value to your lifestyle. When you are thinking about which shed is right for your home, consider your storage space needs, then add about 25% more space than you think you need to that equation. Purchasing a larger shed from the get-go will ensure that your shed can grow with your needs.
Investing in a larger shed than you think you need will save you money down the road when you amass more things that you need to store. A shed can add about 9% resale value to your home.
A Pool or Hot Tub
You may have heard that adding a pool or a hot tub to the outside space of your home will not return the ROI that you deserve. The fact is, a pool or hot tub can add ROI when done right. You may be able to get a 10% return on your investment, which is not the highest amount of return, but it is a return nonetheless. About 17.12% of American homeowners between the ages of 18-29 already own a pool, hot tub, or spa. People enjoy them, and the right buyer would see the value in buying a home with a pool or hot tub already installed.
Of course, everything that you invest in outdoors does not have to be about financial ROI. Having a pool or hot tub can be great for your family and greatly improve your lifestyle. Many people are opting to add a pool or a hot tub to their outdoor designs to create an oasis in their backyard to ultimately save money on vacations. Staycations are a very big thing. More people are choosing to invest money in their outdoor spaces at home and not travel to other destinations for their vacation time.
If you have visions of coming home from work and sitting by a fire pit and relaxing, or enjoying a cocktail on the patio while the kids are off playing on their swing set, you can make it happen. Improving the outdoor spaces of your home is a great way to improve the value of your home, but more importantly, it is a great way to improve how you live in your home. You can make your home vision a reality by rolling up your sleeves and getting to work on your outdoor areas. Get started now.