Return on Home Improvements
August 2nd, 2010, posted by Brandon
A client recently asked about return on investment for landscaping improvements and I thought I’d share portions of that email with everyone as the question comes up frequently:
“Ah yes, the ol’ debate about how much to spend on home improvements. Generally I think you want to have a couple things in mind. 1) Make sure what you’re doing has a large component of personal enjoyment. By that I mean the “investment” value is not as important if you’re going to be staying in your home for 10 more years. You’ll get 10 years of great use out of the yard which is fantastic! On the flip side, if you thought you’d be selling this winter or early next year, we’d want to look at the project and trim it down to the bare necessities. 2) Generally you get a lot of bang for your buck when it comes to curb appeal work. At least $1.50 for every $1.00 you spend. So if you’re spending $35,000, it could certainly raise your value up by $50,000. “
If you’d like more information about values of other home improvement projects, contact me at brandon@brandongreen.com