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Home improvement for summer outdoors
The most precious time for many homeowners is in the summer, when long afternoons and evenings draw them outside, to backyard patios and pools. The desire to be in the great outdoors often spurs efforts to spruce up these spaces for family time and/or entertaining. And that often means spending some money. In many cases, outdoor home improvement is a good investment, according to an article from Reuters.
Any money spent could add to the value of a home. “If the patio costs $12,000 to $20,000, you’ll probably get $40,000 back as long as it’s big enough to put some tables and chairs out there,” says Ben Salem, a real estate agent with Rodeo Realty in Beverly Hills, California.
While your return on home improvement investment dollars will vary, and it makes sense to consider what that ROI will be, there are other considerations too. For one, any homeowner should consider the value of living in the improved space. After all, do you really want to fix up your home so that someone else can enjoy?
You’ll also want to carefully consider your expenditures. As detailed by Reuters, many home improvement projects don’t come as cheaply as they once did:
With home improvement spending dramatically on the rise, backyards are vying with bathroom renovations and kitchen upgrades for homeowner dollars. Harvard University’s Joint Center for Housing Studies forecasts double-digit gains in home improvement spending for 2014. First-quarter spending in 2014 on home improvement was estimated at $144.7 billion, up from $127 billion the same period in 2013 – a jump of nearly 14 percent.
Are you thinking about outdoor home improvements? Read the entire Reuters story here.