People are investing more in the back of their properties, and the home improvement boom is driving that engine. A University of Michigan study found that consumers value a landscaped house 11.3 percent more than the same house without good landscaping. Ah, the outdoor kitchen, the one thing everyone dreams of. Having an outdoor kitchen makes entertaining company a breeze.
This added luxury has quickly become a desired feature for homebuyers. A patio with outdoor kitchen creates an attractive environment that enhances your outdoor experience. Investing in an outdoor kitchen can be a great idea if you live in an area that is experiencing a long winter season. Opt for an outdoor kitchen instead of a pool.
You can use it all year round. Just be sure to cover it with a pavilion or a waterproof awning. Rinal Patel, licensed real estate agent and co-founder of We Buy Philly Home, a home exchange and rental company serving the greater Philadelphia region, says: “While the weather is nice, take advantage of it and create an outdoor living space that you and your family can enjoy for many summers to come. It can be anything from a simple patio to a more elaborate outdoor kitchen.
Whether you install outdoor tiles or pavers, sculpting even a small patio will allow you to create more space for outdoor living, which is now an intrinsic part of a happy home life. The beauty of an outdoor fire pit is that it allows you to feel comfortable in your backyard when the weather turns cold or very cold. So what does this entail? “A ceiling fan to enjoy a cool breeze on hot summer days and a fireplace or fire pit to warm you up during cold fall nights,” he says. In addition, Garrett recommends that the outdoor kitchen have enough counter space to prepare food and party supplies.
It goes without saying that the best grill you can afford will also go a long way. A terrace can increase your outdoor living space, and that's why broker Ted Karagannis, of Warburg Realty in New York City, recommends it. In fact, he really likes tiered or multi-level decks. A swimming pool is a significant investment, and Golden says the added value varies widely, but is increasing.
However, the pandemic changed that equation. Maya Vander (opens in a new tab), a Miami-based real estate agent associate known for her time on Netflix's Selling Sunset, agrees that after the pandemic, people especially want to invest in outdoor pools and that, in general, this offers the best ROI: “I didn't want to have a pool for my children, because they don't want any risks, but a lot of people want to have a pool”, saying that people do prioritize installing them. In fact, that's why Golden says he built a shade structure in his own backyard.
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