The Value of an Outdoor Living Space
Creating natural,
relaxing and functional areas in your yard will add a new dimension to your
home and increase its resale value. In Manitoba, people generally enjoy
spending time outdoors in the warmer months and are attracted to the idea of
having a beautiful outdoor living space. Not only will an outdoor living area
enhance your own personal enjoyment of your yard, it will also give you an
advantage if you decide to sell.
Outdoor living spaces with good ROI.
Build a deck.
Building a
simple wood deck has a very high return on investment, especially when compared
to other outdoor and indoor home improvement projects. According to Remodelling
Magazine’s Cost vs.
Value report for 2018, a wood deck addition will recoup 82.8% of it’s construction
cost. That means if you hire a deck contractor to build the deck for you and
spend about $10,950, you can expect your home’s value to increase by about
$9,065.
If you can build
the deck yourself and reduce the labour costs of hiring a contractor, you will
make money on your deck addition at resale. Some building supply stores provide
deck packages to make this DIY project easier to tackle.
Add a patio.
According to a
survey conducted by the National Association of Realtors, patios were among the
top
10 features that buyers look for in a new house. Just like you, buyers like
the idea of having an outdoor space for relaxing, dining and entertaining. Thebest
landscapers in Winnipeg can install an attractive patio area that flows
well with the rest of your yard’s landscaping and your home’s design. You can
have it at the entry of your house, accessible by the back door or kitchen
door, so moving food in and out to the outdoor dining area is easy. Make sure
that the patio has some privacy, as this is also important to buyers.
Outdoor living spaces on a budget.
If you are
looking to sell your home quickly and don’t have time to have a deck or patio
installed, or are on a tight budget, consider creating an outdoor living space
with the landscape you already have. It could be as simple as building a fire
pit area from landscaping materials purchased at the hardware store and buying
some nice outdoor furniture to go around it. You can also upgrade your older
outdoor furniture with modern, comfortable pieces and arranged them in an area
of your yard, so buyers can visualize enjoying themselves in that outdoor
space. Jazz things up with a few colourful flower pots and hanging baskets and
include a nice patio table umbrella for shade.
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