I have been thinking about our home-renovation philosophy and always having a project going. We have a master plan that involves a porch conversion, and a few more large scale landscaping projects that I'm chomping at the bit to get done. House/garden projects are my favorite creative outlet, but lately I've felt a the need to dial back the big $$$ projects. There are two reasons: the first is that it's probably foolish to spend all one's money on home improvements, and more importantly: it's also unwise to invest so much into an asset that isn't really appreciating. Comparable houses in the neighborhood are selling for way less than we bought our house.
I'm fine with being a little upside down or flat in value. We didn't buy the house as an investment really, but rather a place to live. But it seems silly to pour every spare dollar into a house that has flat (at best!) value 7 years after purchase.
Part of launching the blog was to keep track of the improvements to the property, to see how far we've come, and to loosely keep track of the time and money we've put in. And it's been a lot. The roof, kitchen, fence, front landscaping, front door, patio, insulation, security system, exterior paint - we're talking thousands of dollars over the years (not to mention the blood sweat & tears!)
Most years, we have a plan for what projects we're saving up for. For 2015, we're switching gears. We're maintaining everything, doing a little garden work, but not spending the moolah. We can continue with the upgrades that don't cost anything and keep them more in line with what the neighborhood and markets will support.
Ongoing posts will consist of less hammer and nail kind of stuff, and more posts of things like: flower arrangements (yes, I'm a sucker for those!), garden edibles, plants that I dug up from one part of the yard and replanted in another (a favorite free hobby), and hopefully clutter clearing projects.