I get asked about return on investment for home improvements all the time. I’ve seen all sorts of figures on how much value things like a mature tree will add but I found this infographic particularly interesting because it does such a great job at putting value to all sorts of other improvements.
Clearly, the most important thing to maintaining maximum value is to keep your home looking attractive and cared for. Add a fresh coat of paint and keep siding maintained, clean, and new looking .
Improved home energy efficiency is a feature that is increasingly adding a lot of value to a home. Interestingly, awnings like these are one of a variety of ways that you can save energy in the summer months (by reducing direct solar gain through windows). I’m impressed to see that studies show that adding awnings to a home can result in cooling energy savings of as much as 61% in some areas. I have to admit — it is not an option I readily think of — usually my mind goes to that mature tree – if well placed, it will also be a huge help.
I found it startling that 81% of the cost a deck can be re-couped!?! That figure is much higher than I would have expected. I wonder what that number would be for a stone patio?
I am not however surprised at the verdict on the swimming pool. Contractors hate me for this, but I am constantly trying to convince people to spend ‘pool money’ in a better way. I’m not a big fan of pools so it is easy for me to say. Adding a swimming pool may be a lot of fun for your family while you’re there, but value, it does not add. Do you see any interesting tidbits of information in this info-graphic that surprised (or didn’t) you?
Image provided by general awnings
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