Turn Your Yard Into An All-Seasons Living Space

Turn Your Yard Into An All-Seasons Living SpaceThink of backyard space as “in-between” or transitional space that is a bit like being inside while being outside. Sunrooms, screened-in covered patios, outdoor kitchens, spas, fire pits and more, are all becoming very popular ways to make more use of the backyard. Making use of the outside area is not limited to only the times of the year that have nice, warm weather.

Sitting around a fire pit, with a blazing fire in it, is a perfect way to spend a chilly winter evening under the stars. This is a bit like camping out, without having to leave the comfort of your home.

Here are some tips about how to turn your backyard space into a comfortable and functional transitional area.

Landscaping

Install shade trees, cobbled paths that invite exploration, and water features that are mixed in with attractive landscaping to make your backyard more inviting. Add some inexpensive solar-powered lights to line the walkways for a nice nighttime look.

This can be a labor of love that you take your time doing without having to rush the end result. It is healthy for you to do a bit of gardening, to get some fresh air and light exercise.

Outdoor Cooking

There are many ways to enjoy outdoor cooking such as simply taking a hibachi grill out to cook on a patio. You can cook hamburgers, hot dogs, steaks, chicken, shish kebab, and more. You can even grill vegetables, like delicious slices of eggplant or corn on the cob, for your vegetarian friends on a separate grill reserved for that use.

Pizza Oven

If you really want to impress your guests, then put in a wood-burning pizza oven. Pizza made this way tastes delicious. There are dozens of pizza recipes you can try from thin crust to deep dish.

You can also make loaves of bread and other types of oven-baked foods. When you get a wood-burning pizza oven hot enough to cook properly, you will want to cook plenty of things so be sure to invite over lots of friends and neighbors.

Gourmet Kitchen

Taking the outdoor cooking one step further, some people like to install a full gourmet kitchen and spend lots of time cooking outside. There are many stainless steel grills to choose from that go along well with matching stainless steel appliances, which are strong enough for exposure to the elements.

Temperature Control

When desiring to have some control over the temperature outside, it is best to think of creating usable areas. When it is cold outside, you can use patio heaters that burn propane to make warmer areas for sitting. Another popular idea is to put in a fire pit to sit around.

During warmer times, you will want to have shaded areas and patio covers with ceiling fans. In the hot summers, you might enjoy a misting system that sprays a fine mist of cool water vapor in the air.

Summary

Many neglect their backyards, which is a shame because they can be lovely places to hang out. Rather than investing in an expensive room addition, start thinking about how you can make your backyard more enjoyable as a transitional space between the interior living area and the outside.

If you are in the market for a new home or interested in refinancing your current property, be sure to contact your trusted home mortgage professional.

Big Home Repairs That Can Sink A Budget Quickly

Big Home Repairs That Can Sink A Budget QuicklyFor most individuals and families, their home is the most expensive investment they will ever purchase. Therefore, it is important for everyone to take care of their home. Routine maintenance can prevent costly repairs from arising down the road.

It is important for homeowners to make sure they budget for home maintenance and repair costs. Even with a meticulous repair schedule, it is still possible that a major repair might be required. There are a few home repairs that are more expensive than others.

Damage To The Foundation Of The Home

One of the most expensive home repairs that might come up involves damage to the foundation. The foundation is the part of the home that supports the rest of the structure. Therefore, its strength is vital to the integrity of any building.

Depending on the exact nature of the project, repairing the foundation of a home may cost close to $100,00 if the building is large and the damage is severe. At a minimum, homeowners should expect to spend a few thousand dollars on a home foundation repair project.

Some of the most common reasons why a foundation might be damaged involve plumbing issues, clogged gutters, and flooding. Water can corrode the foundation and pool around the base, leading to damage. Therefore, the water system also needs to be addressed with any foundation repair.

A Roof Repair Can Be Costly

The roof is one of the most important barriers in the home. It separates the interior of the home from the dangers of the elements outside. Therefore, it is critical for the roof to remain intact. Roofs need to be inspected regularly.

If there is a problem with the roof, this may cost more than $10,000. Regularly inspecting the roof and making repairs and replacements as they come up can save a home’s budget.

Siding Repairs Are Expensive

Finally, water and wind can damage the siding of a home. Furthermore, insects and other pests can also lead to siding repairs. Repairing a single piece of siding isn’t costly; however, if the entire siding needs to be replaced, this may cost more than $15,000. The exact nature of the cost is going to depend on the materials chosen.

If you are in the market for a new home or interested in refinancing your current property, be sure to contact your trusted home mortgage professional.

Home Improvements That May Improve Resale Value

Home Improvements That May Improve Resale ValueDid you know that some home improvements lower the resale value of a home and decrease the number of potential buyers? If you are going to repaint the exterior of your home bright, traffic-cone orange and try to sell it for a high price, think again! Maybe, if the artist Pablo Picasso once lived there that might work, but probably not under any other circumstances.

Some things are counter-intuitive. A swimming pool is an example. Swimming pools are great and highly desirable for many people. However, others do not necessarily think so and only see them as adding unnecessary expenses for maintenance and upkeep.

There are general guidelines to follow, which give you a better chance to increase the resale value of a home by making certain improvements. If possible, work with your REALTOR® who understands the local real estate market conditions before making decisions about investing in renovations to increase a home’s resale value.

Be aware that the industry averages show a percentage of recoupment of the investment and no renovations make back what they cost, in terms of increased resale value. This means you should only consider renovations that you like for other reasons as well as the potential financial impact on the home’s value. The only way to profit from renovations is to do some work yourself.

Renovations — Partial Recoupment In Resale Value

Here are the top ten things to consider with their average installation cost, average increased resale amount, and the average recoupment percentage as ranked by Remodeling in the 2020 Cost vs. Value Report:

1. Manufactured Stone Veneer (applied to the front of the home)

Installation Cost $9,357 — Increased Resale Amount $8,943 — Recoupment 96%

2. Garage Door Replacement

Installation Cost $3,695 — Increased Resale Amount $3,491 — Recoupment 94%

3. Fiber Cement Siding (applied to the exterior of the home)

Installation Cost $17,008 — Increased Resale Amount $13,195 — Recoupment 78%

4. Vinyl Siding (applied to the exterior of the home)

Installation Cost $14,359 — Increased Resale Amount $10,731 — Recoupment 75%

5. Vinyl Windows (double-pane)

Installation Cost $17,461 — Increased Resale Amount $12,761 — Recoupment 72%

6. Wooden Deck

Installation Cost $14,360 — Increased Resale Amount $10,355 — Recoupment 72%

7. Wood Windows (double-pane)

Installation Cost $21,495 — Increased Resale Amount $14,804 — Recoupment 69%

8. Steel Entry Door

Installation Cost $1,881 — Increased Resale Amount $1,294 — Recoupment 69%

9. Composite Deck

Installation Cost $19,856 — Increased Resale Amount $13,257 — Recoupment 67%

10. Asphalt-Shingled Roof

Installation Cost $24,700 — Increased Resale Amount $16,287 — Recoupment 66%

The runner-ups, with their recoupment percentages, are remodeling the bathroom (62%), metal roofing (61%), a kitchen remodel (59%), a bedroom addition (59%), and a bathroom addition (55%).

Summary

Notice that the top ten items that make the most positive impact on the resale price are all exterior projects and most of them are visible from the front of the home. The wise adage of “curb appeal sells” seems to be true when it comes to renovations that generally improve resale value.

If you are in the market for a new home or interested in refinancing your current property, be sure to consult with your trusted home mortgage professional.