Summertime is a great time for starting or completing some of those home improvement projects on your wish list. It is also a good time to consider what will and won’t yield a good return on investment. Ultimately, if you plan to live in your home for a number of years and know that the new patio or that swimming pool will yield hours and hours of enjoyment and family time, then maybe return on investment is in quality time and not monetary; that is a pretty great thing! Here are some projects to consider if you want to increase your home’s value as well as make it a more enjoyable space!
Landscaping? For sure!
When we begin to spend more time outdoors than indoors with the changing seasons, one of the most common home improvements people make are in the landscaping. This is not only great for improving the atmosphere and usability of your outdoor space, but it also improves the value of your home. Consider planting trees and shrubs, adding a walkway, mulching and edging. These are fairly inexpensive and easy project that can really transform the feel of your home. In your family eating area, add flowering plants, a potted herb garden, and a firepit. If your space is a blank canvas, then consider hiring someone who can come in and create a vision for the space. You don’t have to do it all at once, but maybe in phases starting close to your home and working your way to the outer edges. Whatever you decide, there is pretty much no way you won’t enjoy your landscaping improvements at the same time as you increase your home’s value!
A patio? Maybe!
There is nothing better than a summer evening with friends out on your patio. Even though you will likely use your patio a great deal, they can be tricky in the “return on investment” category. There is evidence that patios do increase your home’s value, but because they can be a big ticket item, they can cost more than you can get in return if you aren’t careful. So, when you are determining whether or not to put in a patio, you will want to do research in your area to determine how much is too much when it comes to getting a return. Use your real estate agent as a resource to find out how many of her clients are looking for patios and whether or not they are willing to go up in budget to get one. Ask her/him what kinds of patios are popular in the area. Consider different materials (pavers, concrete, gravel) that can keep costs down but still provide you with an inviting outdoor living space.
Kitchen remodel? Always a hit!
Whether you are staying put or thinking about a future move, a kitchen remodel usually always holds its value! The kitchen is often the key selling point of many homes, so if you have some upgrades you want to make, go for it! If your countertops are old and in need of an update, new surfaces can yield a very high rate of return. They truly add something dynamic to a kitchen. Of course, they can be cost prohibitive if you go for top of the line, so try to find a middle ground material that will look great, is low maintenance (like concrete, wood, or stainless steel), and won’t cost you your first born! Installing a new backsplash can be cost effective and really change the overall feel and freshness of your kitchen. Subway tiles are inexpensive but classic, cool patterned tin can liven up the space, glass tiles will give it a light and airy feel, or even a peel and stick wallpaper can give your kitchen a chic and lively vibe. Adding new hardware and light fixtures can really change the appearance of your kitchen in subtle but effective ways without breaking the bank! And, the really good news is that in the summer you can use your grill to continue to feed your family while you are living in a construction zone!
Paint? No brainer!
Last but not least, paint, paint, paint. Painting is one of those easy on the wallet, more costly in time and labor type of projects. Giving your favorite rooms a fresh coat of paint will have you falling in love with your home all over again. Low fume paints and the open windows of summer are a great excuse to jazz up a number of rooms in your home. There is nothing boring about the recommendations, from Chartreuse to Neon Pink to Red and Lavender, made by some of the best design experts at House Beautiful. Why be shy? If you hate it, buy another gallon and give it another coat of paint! Paint may not yield a high rate of return, but because it isn’t costly, it doesn’t matter.
Summertime is a great time to play, relax, and make your home the respite you want it to be. Enjoy the dog days and have a little fun revamping and enjoying your time at home.