Increase Your Home’s Value By Adding Outdoor Living Space

August 28, 2019

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Adding an outdoor living space is one of the most surefire ways to add value to your home.

A report from US Market Trends state demand for outdoor living space from homebuyers has increased regularly over the past few years, rising 3.5% this year1.

Fortunately, the south Atlantic region is one of the best areas in the country for getting the most return on investment (ROI) for your outdoor living space – presumably, this is because the mild climate allows for more use of the space throughout the year. Here, the average patio return-on-investment is more than 100%2.

Here are some tips to keep in mind for getting the best ROI from your outdoor living space:

  1. Aim for mid-range projects: It’s easier to get higher ROI on your project when you keep it to a manageable size and scope. Keeping the project in check, space-wise, will allow you to use high-quality pavers, corners and columns, and cap units, but keep your budget manageable and leave plenty of backyard space for play area and landscaping.
  2. Firepits are hot investments: Firepits and outdoor fireplaces are natural gathering points for both parties and quiet nights at home. Boxley offers a variety of colors and units for your outdoor fire areas.
  3. Go the repair/refinish route: If there is an existing patio space that has seen better days, it’s worthwhile to freshen it up with some new pavers, stone veneers or hardscape accessories. Repairing an existing space is a more cost-effective way of adding value without breaking the budget.

The team at Boxley Block, Brick and Hardscape Center knows the appeal of backyard patios, outdoor kitchens, a firepit/fireplace area, or pool areas cannot be underestimated. They remain some of the best investments you can make in your home. To learn more about how Boxley Block, Brick and Hardscape Center can improve your home’s value with an outdoor living space, contact us today.

1 Source: https://www.freedoniagroup.com/Outdoor-Living.html

2 Source: https://www.extraspace.com/blog/home-organization/diy-projects/outdoor-living-space-features-boost-home-value/