Nothing says, “I love you Mom!” like a comfy chair where Mom can relax while you fix dinner. Why not go one step farther and put that chair on a new, low-maintenance deck? Spring is a popular time to begin home improvement projects, especially if it’s an upgrade to outdoor living spaces. With the economy keeping more homeowners in place, improving your home can elevate both your enjoyment and its eventual resale value.
Even if you choose just the right improvement — one that makes you love your home even more and one that will appeal to potential buyers come selling time — you may still be wondering how much you’ll recoup on your investment.
Some home improvement projects pay off more than others in terms of enhancing your home’s value and your enjoyment of your house. If you’re opting for improvements to your outdoor living spaces, consider ones that will deliver the greatest return for your investment, such as patios, decks or screened porches. In fact, the National Association of Realtors’ 2011-2012 Remodeling Cost vs. Value Report found that outdoor improvements such as wood decks, continue to recoup 77% percent or more in value upon resale.