If you’re looking to upgrade your patio in 2024, you may wonder if the investment can increase the value of your home. The truth is that a well-designed and constructed patio can make a big difference when it’s time to sell your home. In fact, according to the National Association of Home Builders, a patio is the #2 most desirable feature in a home–and they’re willing to pay for it.
Understanding the Appeal
Patios add functional outdoor living space to your home on a base level. This is especially valuable in areas like Texas, where the weather (and the cooling features and heaters) make spending time outside all year long possible. Potential buyers are looking for ways to enjoy the outdoors, and a spacious, well-equipped patio provides that sought-after space for entertaining, relaxing, and cooking. This added value is especially appealing to families with young children.
An Added Plus Beyond Square Footage
While a covered patio or even a poolhouse or screened-in porch increases the livable space in your home, it will not increase the square footage when you list it. However, upgrades like an outdoor kitchen can help increase the price per square foot. House Beautiful even ranks outdoor gathering areas as one of the top five features that make a home sell over the asking price.
Curb Appeal Matters–Even in the Backyard
Often, when we think of curb appeal, we think of the front yard. But the same is true for the backyard. Whether it’s a fully covered patio or an elegant pergola, it can enhance the overall look of your home, adding to its curb appeal and making it more attractive to potential buyers.
Don’t Underestimate the Personal Value
A custom patio is, more than anything, meant for you to enjoy exactly as you would like to by providing a place for the outdoor activities and hobbies you enjoy. But more likely than not, you’ll find someone who shares your interests. Potential buyers who enjoy grilling, gardening, or even just lounging in the sun, know that a patio is the perfect space to pursue these interests.
Also, remember that while a TCP-built patio cover with shingles will last the life of your home, a pergola, depending on maintenance, has a more limited lifespan.
Overall, upgrading your patio can be a great investment in increasing your home’s value. Not only does it add functional outdoor living space, but it can also improve the appearance of your property and provide a gathering place for parties and get-togethers. So if you’re looking to build a new patio, consider how it can add value to your home and make it more appealing to potential buyers.
Get started on your backyard transformation by clicking here to book your free consultation today.