Is it worth investing in outdoor living spaces this year? The simple answer is a resounding yes!
“Spending more time outdoors” is a phrase repeatedly brought up in conversations, especially within the last year. Due to COVID-19 restrictions and guidelines, people have taken the opportunity to utilize their time in the great outdoors. This has meant that the value of outdoor living spaces has increased within the last year as well. When thinking of the value of your home, you may think first in terms of monetary value. However, you should also think in terms of how much you value the time you spend there.
With more people working remote and schools with virtual learning schedules, there is more and more time being spent at your home than you probably ever imagined when you purchased it. There is no better time than the present to consider investing in outdoor living spaces for yourself, your loved ones, and your future (if you decide to put your home on the market any time soon).
Expense Or Investment
When speaking of terms of monetary return on investment, over 90% of realtors will recommend that you upgrade your curb appeal before putting your home on the market. Why? First impressions are critical. Most realtors will recommend or suggest that you consider upgrading walkways and outdoor lighting in the front yard. In the backyard, the recommendations are typically heating features, patios, and decks. If you upgrade with more amenities such as an outdoor kitchen, grill, oven, wet bar, custom swimming pool; then, you will be looking at a high return on your investment.
These additions offer functional living areas and have designated activities to the layout of your property. This is a great selling point. In the past few years, the debate of expense or investment had a wider range than it does today. Due to the COVID-19 restrictions and guidelines along with the current housing market, you will most likely see investing in outdoor living spaces with a return rather than an expense.
If you are not looking to sell any time soon, then investing in outdoor living spaces will only benefit you and your loved ones. Consult with a professional that is trustworthy and has extensive knowledge in landscaping to get the outdoor living space you’ve always dreamed of having. Any Unilock certified contractor can do just that for you and more.
Consider These 5 Features When Investing In Outdoor Living Spaces
Investing in outdoor living spaces may seem like a daunting task at first. However, when you have an Unilock certified contractor with 3D landscaping design software, you will be able to visualize the potential on your own property before purchasing any materials or breaking ground. The best investments for your outdoor living space, both monetary value and time value, are a patio, outdoor kitchen, deck, fire pit, and custom swimming pool.
Having a patio is one of the most sought-after amenities with a potential 100% in return of investment. That 100% ROI all depends on a few factors. The key is a well-planned space with a smart design in layout. Your size and materials used for your patio matter. Again, consult with a professional to find the best options for your home and property line. Everything is customizable in size, materials, style, color, etc. The next item is an outdoor kitchen. Most people will break even with having an outdoor kitchen. This all depends on the amenity choices you make and if it has potential to be used all-year round.
For a deck, many folks will receive a little over 80% ROI. You will have to consider size, materials, maintenance required (low maintenance is almost always preferred), and type of potential activities you can hold on this single feature. A fire pit area with seating is a great score on a home resale value. Consider adding a small retaining wall to act as additional seating. Most estimates state that there is a little under 80% ROI. In some areas, you could expect a bigger return with a gas fire pit.
Last but certainly not least, we have a custom swimming pool. The ROI is unpredictable in a swimming pool. However, we know that when referring to time spent over monetary value, pools (as well as these other features) are a great investment.
Since every family is different in their needs and wants for an outdoor living space, any feature while investing in outdoor living spaces can increase the value of your home life. Whatever you choose to add or spruce up, consult with a professional that will deliver high quality services, materials, and final products.
Your outdoor living space can serve as an extra workspace or a complete oasis for after-hours only. It can be a place to work out, relax, catch up on work, cool down from work, etc. You create what your space will be for you and your loved ones. When you decide that it’s time to be investing in outdoor living spaces, then you are deciding that it’s time to be investing in yourself. At Seasonal Landscape, we provide high quality services, materials, and final projects for all our clients. We are Unilock certified contractors that collaborate and deliver in turning our clients outdoor living spaces dreams into a reality. Call us today to find out more about what we offer!