For an equity-building backyard upgrade, we help a homeowner install a maintenance-free deck, paver patio and water feature. The homeowner tops off the makeover with a few new plantings and a fresh coat of paint on the house. Though the overall project went over budget by about $3000, the owner upped the value of her house by an estimated $25,000.
Here's the dollar breakdown:
Final Tally:
class 5 gravel: $474
extra labor: $1,500
treated lumber: $745
pavers & blocks: $5025
composite decking: $1116
rock bubbler: $342
plants & mulch $773
TOTAL = $9,975
realtor's estimated value increase = $25,000
total cost of material = $9,975
net return on investment = $15,025