Increasingly, homeowners around the nation are investing in their outdoor living space. In fact, the majority of homeowners surveyed by American Express revealed that they have plans to engage in some sort of home improvement project in the next year. The outdoor living and landscape sector has grown into a $60 billion per year industry, according to IBISWorld, a market research firm. Investing in outdoor living provides a good return on investment for most people, making it an ideal home improvement project.
“Many people are finding that they want to get back to spending more time outdoors,” explains Bob Dallas, the chief executive officer at UltraOutdoors.com. “People also want to put money into their home improvement projects where it is going to pay off. Outdoor living is a logical choice that fulfills both of these needs.”
Here are 5 reasons investing in outdoor space pays off:
Resale value. HGTV claims that homeowners recoup 65 – 90 percent just by adding a deck. Experts agree that investing in your outdoor living space will add to the value of your home. When you put money into this area, a lot of it will come back to you, when and if you decide to sell your home. Buyers will like the fact that your home includes nice outdoor living features and spaces.
Personal enjoyment. Most people could use a place to unwind and de-stress. Having a relaxing outdoor living space will create an environment where the family can relax together and enjoy each other’s company.