Focusing On the Future: 5 Larger Home Projects for Long-Term Benefits

Home improvement projects are always a good investment, but some can add more value and benefits in the long run. If you’re a homeowner focusing on the future of your home, you can experiment with updates that can significantly impact the resale value or your daily life. They can consider the following projects: building a swimming pool, adding an extension or a standalone garage, landscaping changes, and finishing or redoing the basement. In this article, we will dive into some of the benefits of each project so you can decide which is the best choice for your home.

Installing a Swimming Pool

Installing a swimming pool is one of the best and most luxurious home improvement projects. It’s not only a great way to relax and cool off on a hot day, but it can also add significant resale value to your home. A pool can increase your home’s value by up to 7% in some cases. It is also great for your health and fitness, saving you money and time on community pool or gym trips. You will also be sure that the pool is well-maintained. However, other considerations exist when adding a pool, such as city permits, maintaining safety protocols, and keeping the pool clean.

Building an Extension on Your Home

Building an extension on your home is a significant investment, but it’s also a good way to add to your home’s resale value. Extensions can create functional space in your home that you otherwise wouldn’t have. For example, you can make a home office or guest room or expand your kitchen. Moreover, an extension can add extra bedrooms and accommodate your home if you have more than two children. Building an extension on your home can boost your home’s overall aesthetic and functionality.

Doing A Landscaping Overhaul

A landscaping overhaul is another home improvement project that can significantly improve your property’s value. Adding shrubs, trees, water features, and other hardscapes can transform your property into an outdoor oasis. Even simple updates like pavers and street lights can add much curb appeal to your home, making it more attractive to potential buyers. If you’re focusing on the future benefits, you might even redesign your garden to provide better drainage, reduce soil erosion, and promote better air quality. Landscaping is also an opportunity to enhance sustainability by planting drought-resistant or edible plants.

Finishing or Redoing Your Basement

Finishing your basement can be a significant investment, but it’s worth every penny. A finished basement creates a lot of functional space, like a second living room, guest room, home gym, or playroom for your kids. It also increases your home’s overall square footage, making it more appealing to potential buyers. Since the underground basement can also provide insulation in your home’s foundation, a basement remodel can significantly improve the air quality in your home as well as your energy consumption.

Building a Standalone Garage or Shed

If your home does not provide adequate parking space, a standalone garage or shed can be an excellent investment since it adds convenience and storage space. It can offer more roofing space to protect your vehicles from harsh weather and qualify for reduced car insurance rates. Furthermore, you can store gardening or sporting equipment, holiday decorations, or even convert it into a workspace. As well, if you’re focusing on the future projects you might undertake, having an area to store equipment you don’t currently need is crucial.

Home improvement projects are always an excellent investment. Still, those that add significant value to your home or increase functionality, like those listed above, are especially beneficial when focusing on the future. These larger home projects require substantial investments but can provide major returns if you plan them well. You should prepare for each project with permits, budget, materials, and skilled professionals. Remember to ensure that you stay healthy and safe throughout the project. Finally, sit back, relax, and enjoy the fruits of your investment.