When it comes to increasing the value of a home, many people consider remodeling the kitchen or bathroom. But what about the backyard? Installing a patio in the backyard can be a great way to add value to your home. It's estimated that well-designed patios not only add 8 to 10% of home value, but also generate an ROI of more than 80%. This can provide an ROI of nearly 500%.Nelson, a real estate expert, says that buyers often like to see that there will be enough space in the yard to add a patio sometime down the line.
This means that improving the backyard with some smart gardening ideas, including expanding the patio, can really make a difference to a homeowner's last dollar. Investing in a basic patio space instead of all the luxury upgrades is the way to go if ROI is your top priority. You can buy concrete sealant at any home improvement store and then follow this step by step guide to learn how to apply it to your yard. However, value-added estimates vary and the exact return on investment will depend on your location, the type of yard, and buyer demand. It can be hugely expensive to do an exclusive patio remodel with a high-end remodeling extension that includes extras such as a pergola, an outdoor kitchen and a fireplace. In a self-made patio installation that goes wrong, big problems can arise, such as uneven stones or a mosaic of mismatched materials.
You can still live comfortably in the house while your yard is under construction, so buyers are more willing to do so after the sale. The perfect place to relax, entertain and cook, patios are returning to every stage of the market. Installing a patio is another project that expands and improves your outdoor living area while increasing the value of your home.
