Return on Investment for Residential Outdoor Living Upgrades?

If you’re looking to increase the value of your home, one area that can provide a significant return on investment is outdoor living upgrades. In fact, according to the National Association of Realtors, outdoor living features are among the most desired by homebuyers, and can add considerable value to a home.

Some popular outdoor living upgrades include adding a deck, patio, or outdoor kitchen, as well as installing landscaping and outdoor lighting. These upgrades not only make your outdoor space more functional and enjoyable, but they can also help increase your home’s resale value.

In terms of return on investment, outdoor living upgrades can be a smart investment. According to a report by Remodeling Magazine, the average return on investment for a wood deck addition is around 72%, while a backyard patio can provide a return of up to 54%. Other upgrades, such as outdoor kitchens, can also provide a high return on investment, particularly in areas with mild climates where outdoor entertaining is popular.

In addition to increasing your home’s value, outdoor living upgrades can also provide a number of benefits for you and your family. They can enhance your lifestyle by creating a comfortable and inviting space for relaxation and entertaining, and can help you make the most of your outdoor space.

When considering outdoor living upgrades, it’s important to keep in mind that the return on investment can vary depending on a number of factors, including the location and size of your home, the cost of the upgrades, and the overall condition of your property. It’s always a good idea to consult with a professional to help you determine which upgrades will provide the best return on investment for your specific situation.

Overall, if you’re looking to enhance your home’s value and create an inviting and functional outdoor living space, outdoor living upgrades can be a smart investment. With the right upgrades and professional guidance, you can enjoy a high return on investment while also improving your quality of life.

When you are ready for a custom outdoor living quote, we look forward to working with you!