Outdoor rooms, an expense or an investment?

March 07, 2020

Outdoor rooms, an expense or an investment?

Outdoor rooms and outdoor living, are they an expense or do they add to the investment of your home? 

Here is a "Before" picture.  Contrast this with the "After" picture. 

Which property are you more likely to buy?

The "After" picture.  

No longer an empty patio space.  This area now says fun and entertaining.

We pulled our research from respected sources and have some great news on what brings value to your outdoor spaces.

From the American Institute of Architects 

Outdoor rooms investment AIA

As you can see from the American Institute of Architects, demand for outdoor living outranks in the top spot for specialty rooms for six consecutive years.  That is good news for those of us who love to be outdoors, entertain outdoors with family and friends and enjoy a good investment.

What features of an Outdoor Room provide the highest ROI?  

The overall rule is a well planned and developed outdoor space will bring the most value to for an investment in your home.  To get the most value from your outdoor space, seek out a professional to offer you a virtual design of your outdoor space and help add to the features of your outdoor space at a minimal cost.  A virtual design can be done in stages of completion as your budget allows.   

Without further ado...  May I have a drum roll- please? 

Here is our count down to the four best investments for your outdoor space.

  1. Patio-    Patio spaces are the most sought after amenity with a potential ROI of 100% depending on the size and materials used.
  2. Outdoor Kitchens- Most experts state that you will at least break even.  However, according to Absolute Outdoor Kitchens and their research, you can expect a return of 100-200%

  3. Wooden Deck- According to Remodeling Magazine, the average spent on a wooden deck is  $11,000. and one can expect a return of around $9,000. this would be a ROI of about 82%
  4. Fire Pit-  Great score on a home resale value is to add a fire pit.  Most estimates put the ROI around 78%. A 

Swimming Pool-  The ROI for a swimming pool are all over the place.  As you can imagine it depends on where you live.  If you live along the coast, south or south west, your return is much higher.  If your pool is lower maintenance with a salt water chlorinator, you can expect a higher return as well.

The best return to measure is how much joy does it bring to you, friends and family.

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