If you’ve got a little bit of extra money hanging around, have you potentially thought about adding luxurious elements to your home? You work hard to earn your money. You want your family to have a higher standard of living because of this. That means you get to start having a few more options about these sort of luxury pursuits.
As you’re going through this decision tree, consider the costs and benefits of family home luxury additions like swimming pools, Jacuzzis, extra bedrooms, and finished basements and attics. None of those additions are specifically necessary, but if you have the time, funds, and energy to pursue them, then at least a good brainstorming session about those topics may be in order.
Putting in a swimming pool is a big deal. You have to consider a number of factors when it comes to costs and benefits as well. It obviously is going to chew up some real estate in your yard. The cost of installing the pool in the first place is quite high. And then there is also the fact that you’re going to have to maintain it over time. All in all, spending money on adding a swimming pool isn’t necessarily going to increase the value of your home when it comes time to sell it either.
A more reasonable luxury item that lots of households decides to do is put in a Jacuzzi. This has a smaller footprint in terms of space, is easier to maintain because it’s much smaller, and many families find that hanging out in a Jacuzzi is more relaxing than hanging out and swimming pool. Plus, you can typically use Jacuzzi all year round, whereas a swimming pool is going to get put up for certain seasons.
If your family has gotten larger, you can typically make do with the bedroom set up that you have. However, if you do have the extra money, adding an extra bedroom may be in the cards. Since this is a major structural update, it’s generally better to hire a contractor to do this work. However, there are some aspects of it that is definitely DIY. After the bedroom does go up, there aren’t necessarily more maintenance costs, so it’s pretty much a one time thing as far as finances go, other than a little bit of additional heating and cooling costs along the line.
Finished Basements and Attics
There is always figuring out how to add the luxury of a finished basement or a finished attic as well. Since these are mostly storage or utilitarian rooms, it won’t be until you have a pretty good extra chunk of cash that you’ll be able to consider finishing these places as options. However, once that time does come, for pretty reasonable price, you can add to a lot of the comfortable space in your home.