How to Increase Your Home’s Value with Outdoor Living Spaces

How to Increase Your Home's Value with Outdoor Living Spaces

Two of the primary reasons for buying a house include providing comfortable accommodations for you and your family, and increasing your net worth as the value of your home investment appreciates over the years. Adding an outdoor living space can enhance both factors for the following reasons.

Expanding Living Space

The most obvious argument for creating an outdoor living space is to expand what you already do inside your home. Your dinner for six at the dining table can become a feast for 20 when you have picnic tables set up on a cement slab that features an outdoor barbecue. And you can invite all the neighborhood kids for your children’s cartoon night if you have a movie screen set up between two trees. The usable square footage of your home increases with an improved backyard.

You can extend the usefulness of outdoor areas beyond the summer if you add space heaters, an outdoor fireplace, patio rugs, or enclose a roofed porch area with heavy external curtains that can insulate against the cold when drawn.

You can extend the usefulness of outdoor areas beyond the summer if you add space heaters, an outdoor fireplace, patio rugs, or enclose a roofed porch area with heavy external curtains that can insulate against the cold when drawn.

Adding New Functionality

Having your own space allows you to perform many activities such as decorating rooms to fit your exact tastes and style to throwing parties that feature your culinary creations and allow dancing in an impromptu disco you set up in the garage. However, there are some things you still cannot do inside your home such as barbecuing hamburgers and hot dogs on a grill or staging a soccer match with the kids.

Adding outdoor living space improves the functionality of your home because you can do things that you could not do before. A pool, for example, allows your family to cool off during the hot summers while a swing set and slide gives your kids a place to safely play after school. Think about what your family likes to do and divide the outdoor space into areas that can handle separate activities.

Increasing Resale Value

If you ever want to sell your home, the price that you ask for it depends on the location, square footage, number of bedrooms and baths, and any interior upgrades, such as wooden floors and stainless steel appliances. However, modern home buyers, especially those with kids, are increasingly considering outdoor spaces for their residences. They prefer to spend time enjoying their homes rather than spending increasingly limited funds on movies, restaurant dinners, and other outside activities. Such buyers would prefer properties with well-developed outdoor spaces and will pay a premium for such improvements.

Improving the View

Even though it’s hidden from the street, a neglected backyard can become an eyesore if it’s visible through the sliding glass doors of your living room or every time you look out the kitchen window. Updating the backyard with creative hardscapes, colorful plantings, and useful furniture gives you something beautiful to enjoy both visually and physically.

Do you want more information about outdoor living spaces or how they can be part of a custom new home? Then contact us today at Petros Homes. We can help you design the perfect outdoor living space that you and your family will love!

Leave a Reply

Your email address will not be published. Required fields are marked *