When it comes to home improvement projects, patios are often overlooked. However, they can be a great way to add value to your home. It's estimated that well-designed patios can add 8 to 10% of home value and generate an ROI of more than 80%. This can provide an ROI of nearly 500%.
According to a survey conducted by the National Association of Realtors, a patio is listed as one of the 10 top features homebuyers are looking for. People are willing to pay a premium for a house with a well-built and well-maintained patio. A well-constructed patio can transform your outdoor space from dull and bland to a beautiful paradise. Generally speaking, a terrace will add more value to your home than a patio.
Roofs average between 65 and 85% ROI (return on investment), while patios average between. However, there are many different factors that determine the value of the deck and patio, including materials, size, maintenance, style and features. In addition, the final value of any home improvement project will be determined in part by the real estate market and the area in which you live.
