Everyone wants to get the most out of an investment. Whether it’s an investment in an education, stocks, bonds or some other asset, the key is to maximize value.
Oftentimes your home is your biggest investment.
The trick then becomes, how do you get the most value out of your home?
Adding Value To Your Home By Adding Outdoor Living Products
Most people think about the outside of how their homes look…from the street.
Landscaping the front of your home is a no brainer. Landscaping the back of your home usually involves creating an atmosphere to relax and enjoy the outdoors without much thought as to what others might think.
A well-maintained landscape, back or front yard adds an aesthetic value to your home that can be difficult to put a dollar value on.
What To Consider When Adding An Outdoor Living Space
With so many options to consider, adding an outdoor living space can seem daunting at first. That’s why it is important to have a plan before beginning a project.
Consider what the real purpose of your new, extended living area.
Do you want:
- A gathering place for you, your friends and family?
- A place for your kids to be safe and enjoy the outdoors?
- An area that speaks to you personal style?
- A sanctuary from distractions?
- All of the above?
Tackling an outdoor home improvement project is much easier when you have a clear vision of what you want to achieve. There are many resources to help you make that vision a reality.
Check out a few patio and backyard hardscape ideas here.
What Is The Real Value In Upgrading Your Landscape and Hardscape?
Every investment needs to be researched for that coveted “ROI” (Return On Investment).
Research suggests that a well maintained and upgraded landscape investment could increase the value of your home by 10-15%.
However, in order to achieve that increase in value, it may be necessary to spend 5-10% of your home’s value on the project itself.
Those of you with good and quick math skills just realized that if your home is worth, say, $200,000, that initial investment in landscape and hardscape could be as much as $20,000!
A Little Investment In Outdoor Living Can Go A Long Way
A few relatively inexpensive ways to begin an outdoor living project are to:
- Add some planters in strategic areas to create a little ambiance
- Add a few garden decorations or accents
- Add some high quality patio furniture or a swing
Start small while you create the area of your dreams and you may be surprised how quickly everything comes together.
Before you know it, the backyard you’ve wanted is within reach and maybe your dream of a pergola or pavilion overtop a barbecue pit with your family and friends doesn’t seem so far away!
Consider it an investment in your home first and foremost.
But maybe the real value of adding some type of outdoor living area can’t totally be expressed in dollars and cents.