Investing in a patio is one of the easiest ways to increase the value of your property. A well-built patio can add thousands of dollars to your home’s resale value for a couple of reasons. Patios offer you the chance to make your outdoor space more enjoyable. Many buyers want a beautiful space outside where they can host their visitors, and they are willing to pay a premium for it.
That said, there are a few things to keep in mind when building a patio. First, you’ll need to decide what material you want to use. Many different options are available, including treated wood, composite, cedar, and even concrete. Each has its advantages and disadvantages, so be sure to do your research before making a decision.
Once you’ve chosen your material, you’ll need to decide on a design. There are several patio designs to choose from, so be sure to find one that will complement your home’s existing style. If you’re not sure where to start, there are plenty of resources available online or at your local home improvement store.
The different types of patios for your home
Patios are beautiful, perfect for relaxing, and make your home attractive to buyers. However, there are different types of patios that you can choose from depending on several factors. Some have the aesthetic appeal that you may be looking for while others are made of durable materials that won’t require maintenance for years.
One of the most popular types of patios is treated wood patios. These are made from durable and resistant materials, which are perfect for home use. They can quickly increase your home’s property value by providing a beautiful outdoor space where you can relax and entertain guests.
Another common type of patio is composite patios. These are made from a combination of different materials to offer durability and aesthetic appeal. Many homeowners choose this option because it requires less maintenance than other types of patio materials and can help to increase home value over time significantly.
Finally, another popular choice for home patios is cedar patios. These offer many of the same benefits as treated wood or composite options, but they also come with the bonus of being naturally beautiful. Cedar is an excellent choice for those who want to create a stylish yet functional outdoor space.
How building a patio will help increase your property value.
When it comes to home renovations, there are a lot of different projects you can undertake to add value to your home. But if you’re looking for the most bang for your buck, building a patio can be one of the best investments you can make. A patio will not only add beauty and enjoyment to your home, but it can also increase its value. Here’s a look at why building a patio is such an excellent investment:
A patio adds usable square footage to your home.
If you have a house without a patio, you are wasting some precious space to make your house look good and enhance its value. Adding a patio can cost anywhere from a few hundred dollars to thousands of dollars, depending on the size and features you want. But the return on this investment can be five-fold.
No one would love to have unused space in their backyard and your potential customers will marvel that you have installed a nice patio. Just remember to get some custom patio company to do the job so that your installment doesn’t look asymmetrical. You can also get financing options to improve your home value even when you do not have ready cash in your account.
2. It increases home value without breaking the bank
While building a new patio is an investment, it offers one of the most convenient ways to increase home value without costing you as much as other home improvements. Depending on where you live and what materials you use, this home improvement project can be completed in just one weekend – allowing your property to look great while making it more valuable at the same time. The best thing is that you won’t have to break the bank unlike other repairs in your home.
3. Patios can add versatility and character to your home
Many patios can add both character and value to your home, from traditional wood or concrete patios to more unique pergolas or trellises. With so many options available, it is easy to find a patio style that perfectly complements your home’s existing architecture and décor.
Getting a patio with the perfect deco will boost the demand for your house. The result? You will get higher offers from homebuyers who want to outbid each other.
4. Patios offer a great return on investment
While every home improvement offers the potential to increase home value, patios offer one of the best returns on investment. In fact, a study by Remodeling magazine reveals that patios built in 2019 returned an average of 130% of their cost when a buyer sold the home.
Building a new patio is not as expensive as swimming pools or home gardens, which may take years to materialize. On the other hand, repairing an existing patio may cost up to $1500 but give you an ROI of 500%.
5. A patio is great for entertaining or simply relaxing
In addition to increasing home value, patios offer homeowners a great outdoor space for entertaining guests or simply relaxing. Whether you want to host a barbecue or enjoy a quiet evening under the stars, a patio can provide the perfect setting. Of course, this is also one of the things that will entice your buyers, and most will be willing to pay a premium for it.
Final thoughts: Why Building a Patio Will Enhance Your Home Value
Building a new patio is one of the easiest ways to increase home value while adding usable square footage, character, and versatility to your property. With so many benefits, it is no wonder that patios are one of the most popular home improvement projects. Working with professionals when building or repairing an existing patio is a sure way to ensure that you get the most bang for your buck. Just take the first step and contact us if you would love to enjoy some of the benefits that a patio brings to homeowners.