Posts Tagged ‘sheds’

Home Improvements for the Summer and What it Adds to Your Home’s Value

Sunday, July 15th, 2012

Along with the change in seasons, your home must go through its own changes itself. After all, your home in the summer won’t be the same as it is the winter. There has been a long standing tradition of seasonal home improvement in the Australia and despite the recent economic crisis, Americans are still heading down to Home Depot in preparation of doing a little home remodeling for the summer.

Here are two of the most popular improvement projects for your home that are well worth your time, home hardware, and hard-earned cash.

Pool

Building an in-ground pool is a highly popular home improvements project for the summer not only because of the benefits and recreation that it offers, but also because it adds considerable value to your home’s resale price.

But before jump straight into this project, here are some things that you might want to consider first. Building an in-ground pool will cost you somewhere between $25,000 and $50,000, depending on the scale of the project and the materials you’re going to use. Other costs involve the pool’s maintenance cost, which can go up to $2,000. Another thing to consider is the state you live in since many states require homeowners to either cover or fence-in their pools. This adds more to the pool’s cost and insurance liability.

Deck

A deck is a must-have for all American homes. In fact, if you live in a house that doesn’t have one, you are wasting a lot of space and possibly even money because of it. Any kind of deck is quite possibly one of the best investments you could make on your home.

Much of this value comes in the form of how much you can recoup in the house’s resale value. For example, a wooden deck will cost you about $11,000, 73% of which you will recoup in the house’s resale value. A composite deck for about $16,000 will let you recoup around 66% of the cost in resale value.

Having a deck is so important to real estate that it’s actually more practical to add one to your home rather then a new bathroom would, or even replacing a roof. The only home improvement projects that let you recoup more out of the home’s resale value are a garage door replacement and a steel entry-door replacement. A deck has the same recoup rate as that of


high return investments