Considering the Purpose of Backyard DIY Projects
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All projects have a positive return on investment, whether that’s financial or emotional.
What happens here
The speaker introduces a fundamental question regarding backyard outdoor living spaces: Are they built primarily for 'return on investment (ROI)' or for 'enjoyment'? He acknowledges that, ideally, a homeowner desires both outcomes from such projects. However, he points out that for very large or significant projects, one motivation might inherently outweigh the other. He then references a comment from a viewer which suggests that such projects might only yield a '$0.20 on the dollar ROI'. The speaker challenges this perspective by posing a rhetorical question: 'Do you spend money on vacation for the ROI?' This analogy emphasizes that not all expenditures are solely for financial gain. He states that most outdoor living projects will indeed see a positive return in the overall value of the home. However, he concedes that for exceptionally large and ambitious projects, the financial return might not be as high, potentially aligning with the viewer's '20 cents on the dollar' sentiment, although he doesn't fully endorse that specific figure. The core of his argument shifts to the intrinsic value of these spaces: they are 'investments that you get to enjoy'. Unlike a stock, bond, crypto, or rental real estate, an outdoor living space provides a tangible place to decompress after a long day, create lasting family memories, and host friends and family. He concludes by affirming that each individual's motivation for undertaking such a project is unique and personal, and if someone's sole motivation is ROI, that is also perfectly acceptable.
Goal: Understand the dual motivations (ROI vs. Enjoyment) for creating outdoor living spaces and their implications.
Tools and materials
- Video Playback Device N/A — Watching and listening to the video discussion