Does a Deck or Patio Add More Value to Your Home?

Outdoor spaces are great additions to any home. They bring a new space where you and your loved ones can spend time together or even spend time apart. On top of this, adding a deck or patio adds value to your home, so if you want to sell it, hopefully, you can make money from it. Below are six additions to your outdoor home that can liven up your space and provide you with a financial return. 

Patio

Patios are popular and very sought-after for many homes, which makes them a valuable addition when anyone is trying to sell their property. It is estimated that a well-designed patio can bring an additional 8-10% value to your home. However, it doesn’t stop there because it can also earn you a return of investment of over 80%. That is why MGCDecks is perfect to call, because they’re available to give you a quote on the patio of your dreams. 

Outdoor Kitchen

Outdoor kitchens are great investments because they add a new area to your home. You can comfortably have a barbecue while your friends and family sit down and talk to you. It’s perfect for bringing everyone together. Moreover, an outdoor kitchen can add an interesting touch to your home, so when it comes to reselling, you should be happy with the outcome. 

Estimations for a return of investment when it comes to an outdoor kitchen is between 100-200%. However, you need to keep in mind where you live. People typically make these investments in warmer states because it can be used for longer periods of time throughout the year.

Wooden Deck

Wooden decks are seen with many houses because they are an easy way to extend your home. However, it has been shown that homeowners spend more money on making their deck, and they do not get the same return when it comes to selling. Still, if you have a wooden deck that needs to be restored, you have a good investment there. Homeowners have seen that after repairing their decks, they have more of a chance to see 600% recovered in costs. 

That number sounds good to most people, so call a professional to see if this is plausible for you. Keep in mind that you can’t have your deck take up too much of your backyard because it may get overwhelming. Get in contact with MGCDecks to get assistance in getting the right deck for you.

Fire Pit

If you want an easy win when it comes to home resale, then adding a fire pit is your best bet. Most homeowners can see 78% of the costs being put back into their pocket when reselling, especially if it runs on natural gas. Additionally, everyone likes the opportunity to sit around a fire in the evening, so they can relax and toast some marshmallows.

Some make a firepit themselves, but it is better to have the experts help you out so that it follows all regulations.

Pergola Or Extended Roof

Many people used to have pergolas or overhanging roofs with their patios, but the popularity of it has begun to decrease. The return of investment is only around 50%, and that also changes depending on what state you live in. While the look of a pergola or an extended roof can be appealing to some, its high price may just not be the right option for you. 

Swimming Pool

A pool in your backyard is an idea that many people speak about, but it might just not be worth it. It’s expensive to build a pool, and you may not see a very good return when you go to sell your property. Many homeowners see 50% of their investment back, but some people only see 7%. Also, you need to think about the regular maintenance that you need to do in order to keep your pool in good condition. 

Again, this is an idea that many float around, but it might just not be the one for you. You need to see if the expenditure to build the pool is worth the possible loss when it comes to reselling. 

Conclusion

When adding any outdoor living space, it is important you pick the right one for you. If you are looking to resell your home, your best bet would be to add a patio, outdoor kitchen, deck, or a fire pit. All of these additions can give you the best return when it comes to reselling, and you and your loved ones can enjoy it while waiting for that day to come. 

If you need any help figuring out which one is best for you, or you just simply want to ask some questions, then contact MGCDecks for answers!