Increasing a home's value is typically thought of as requiring months of construction and thousands of dollars.
However, taking home renovations outdoors to create a unique living space can take minimal time and provides valuable square footage.
In fact, three of the four types of home-improvement projects that significantly increased a home's value at the time of resale were exterior upgrades, according to The National Association of Realtor's "2007 Remodeling Cost vs. Value Report."
The improvements include replacing siding, adding decks and upgrading windows. Other upgrades that increase a home's value include landscaping, outdoor lighting and outdoor kitchens.
With recent housing market fluctuations, it's more important than ever to make economical home upgrades. Expanding outdoor-living space adds valuable square footage to the home, but it's also functional. Increasing outdoor-living space creates another area of the home where people can cook, play, entertain and relax, ultimately increasing the home's value.
Some examples of outdoor rooms are covered eating areas next to the pool, covered outdoor-cooking spaces with refrigerators and gas grills and even outdoor home theaters.
Finding creative ways to increase home values can leave many homeowners at a dead end. But, by thinking beyond the four walls and taking design ideas outdoors a new world of possibilities opens up.
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