Several ideas are worth considering when planning home improvement projects for your family's house. The best upgrades will help ensure your property's value remains high for generations. Ideally, a property's worth should appreciate over time, but as a homeowner, you can intentionally increase your home's value further. Here are some ideas to consider that'll excite your whole family!
1. A Pole Barn
Homes with extra space for another structure present great expansion opportunities. Consider building a pole barn for your family home. The structure and form of the barn will determine its return on investment.
Some homeowners use a barn as their garage. In this instance, you don't need to floor the barn. Work with a professional company that understands your needs so the final product boosts your property's value. If you have the funds, construct a foundation for your barn. Doing so will increase its worth due to the permanency of the structure. Ensure the barn is insulated inside to protect users during extreme weather.
Install electricity in the barn so it's always functional. Bob Vila states that a pole barn made with foundation, insulation, and installed electricity can fetch an 80% return on investment. That's a tidy sum and a good motivation to go all out.
A well-done barn can serve several purposes. You can host your family parties there, keeping the noise from the main house. The men of your household can use it as a man cave when they need to unwind. The ladies can also use it as their she-shed. Children will enjoy the space for endless play times at any time of the year!
2. An Outdoor Sitting Area
Add an outdoor sitting area to your home for entertaining guests or enjoying meals on warmer evenings. A deck can increase your home's options for outdoor living spaces. It adds value to your home, though this depends on the materials you use and where you place it within your home.
You can choose from materials such as recycled composite or wood. According to Trex, the return on investment for a new wooden deck was 66%, and a deck is relatively cheap to build. Some tutorials can assist you to do it yourself. However, consider getting a professional deck carpenter to work on your property if aesthetics and resell value are top priorities.
The location of your deck is important, too. It can be built outside the kitchen for outdoor dining; moving food and utensils from the kitchen to the deck becomes easier in this case. A deck facing the pool provides a feeling of relaxation and views, too!
3. A Pool
A swimming pool is another asset that, when upgraded, will boost your return on investment for a long time. According to Ruby Home, a swimming pool can boost the value of your property by up to 7%. Consider the size of your pool and the location of your home when planning your upgrade.
Installing a pool in a warm location will give your family more chances to use your pool throughout the year compared to installing a pool in colder locations. Do you live in a posh location? Your pool will likely increase your home's worth and compete effectively with other homes nearby!
Seek professional input from swimming pool installers to understand how much money you'll sink into the property. The location of the pool will determine its price, and the cost will also differ for one in-ground compared to one above-ground. Consider the costs of maintenance, heating, and other accessories that come with having the facility.
A large-size pool will cost you more to build and may also take up more of your family compound space, leaving less room for other activities. It's also costlier to maintain than a small-size plunge pool. The building material also matters; concrete is more expensive to use but lasts longer, while fiberglass shells reduce your construction costs.
These ideas will give your home improvement journey direction. There are many more tips and tricks that you'll pick along the way, so keep an open mind. Work with professionals, as they're guaranteed to give your home the look you want for top dollar on the market. Happy construction!