Do Outdoor Living Spaces Add Value to Your Home?

Homeowners are constantly looking to improve the resale value of their home. Even if you aren’t looking to sell any time soon, it’s always nice to know that your home is worth more than what you paid for it in the event that you do decide to sell! Outdoor living spaces absolutely add value to your home, but some spaces add more value than others. Check out these outdoor living spaces that are definitely worth the return on investment!

Patio

Patios are a very versatile outdoor space that almost anyone who would buy your home in the future could love. If your home has an existing patio that just needs to be updated, that offers a return on investment of nearly 500%! Building a new patio is costly, but it typically raises the value of the home at least enough to break even on the cost it takes to build the patio. Adding outdoor lighting to the patio space is a great way to amp up the value even more.

Outdoor Kitchen

Outdoor kitchens are a big investment to make, but they’re worth it! outdoor kitchens show the biggest return on investment in warmer regions, although you can typically break even if you live in a climate with cold winters. Outdoor kitchens provide the perfect space for entertaining and are highly customizable depending on what you think you’ll need or use. Outdoor kitchens are typically paired with one or more of the other outdoor features on this list for an even bigger selling point to potential buyers.

Wooden Deck

Building a new wooden deck is costly and you may not see a full return on investment, although if you plan to live there for a while, it can still be worth it. However, if your home already has a deck that just needs to be revamped, you can expect to see a great return on investment. Add lighting, reseal the wood, and incorporate fun architectural design choices for an extra wow factor.

Designing an outdoor living space should be done with an exterior designer or contractor to ensure everything is up to code, within budget, and turns out looking great. You’ll be shocked to learn all the possibilities your outdoor space has, even if it isn’t huge! Fire pits, pergolas, and other outdoor living features can be included in your design too.

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