When it comes to the enjoyment homeowner’s gain from projects, a new pool comes in at number one, receiving a perfect Joy Score of 10; Joy Scores range between 1 and 10 and higher figures indicate greater joy from the project.
Ninety-five percent of homeowners who completed a pool project said they have a greater desire to be at home, 90 percent felt a major sense of accomplishment, and 80 percent have an increased sense of enjoyment when they are at home. However, Realtors estimate that homeowners will only recoup 50 percent of the cost on resale, making it one of the least profitable projects in the report.
The next most appealing project is an overall landscape upgrade - with a Joy Score of 9.8 - followed by a new wood deck, with a Joy Score of 9.7. When asked why homeowners took on these projects, the most common response was to add features to their home and improve livability.
“Homeowners looking to take on large, expensive outdoor projects should do so for themselves, for the enjoyment they and their family will gain from the finished results, and not only to improve the value of their home for when they sell. Smaller projects will bring potential sellers the most value back upon resale – and have the benefit of costing less up front,” said Salomone.
“This report validates that outdoor remodeling and landscaping improvements are a necessity when it comes to improving your home’s resale value,” said Missy Henriksen, vice president, public affairs, NALP. “Homeowners working with a landscape professional to embark on renovations — whether that means enhancing their turf and growing a lush lawn, rehauling their entire landscape, or incorporating new features, like patios and exterior fireplaces — can rest assured that they are making a smart, worthwhile investment.
source Qualified Remodler
Further, that investment is coupled with the immediate happiness received by beautiful landscaping and the long-term enjoyment of outdoor living spaces, which are priceless.”
Posted on 10/05/2016 at 10:49:00 AM