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Email Post to a Friend: Outdoor Upgrades That May Improve Your Home's Value

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July
21

Outdoor Home Upgrades

As a homeowner, you look forward to a lifestyle that provides privacy, relaxation, and outdoor activities with family and friends. After working all week, a backyard cookout or a dip in the pool sounds pretty enticing. Whether you prefer entertaining or just chilling in the backyard, outdoor upgrades can make activities more enjoyable and add value to your home.

According to our real estate agents at Kelly, Realtors, buyers look for homes with outdoor upgrades that add comfort, visual appeal, and privacy. Take a look at outdoor upgrades that rank high on the list of most desirable home features in Waco homes for sale.

  1. Outdoor Decks and Patios
    Most homeowners enjoy spending leisure time in their backyard, and building a new deck or patio provides the perfect opportunity. Outdoor decks and patios provide the perfect spot for lounging in the sun or grilling with family and friends. According to Remodeling Magazine, a 16' x 20' wood deck with stairs and railings will cost about $13,300, but you can recoup about $10,000 when it's time to sell. An 18' x 20' concrete paver patio will cost about $7,500, but you can recoup about 69% of those costs.

  2. Outdoor Kitchens
    In 2018, outdoor kitchens topped the American Institute of Architects' list of kitchen and bath trends, especially for high-end buyers who expect outdoor kitchens with Argentinian grills, pizza ovens, side burners, dishwashers, and wine refrigerators. Outdoor kitchens offer a big payoff for homeowners looking to sell. 

  3. Outdoor Fire Pits
    According to the National Association of Realtors (NAR), fire pits are in big demand. Just like outdoor fireplaces, fire pits add warmth, light, and a cozy atmosphere, but they are much cheaper to build and install. Whether fire pits are wood-burning or attached to a gas line, you can expect to earn about a 67% return on your investment. Before installing a fire pit, make sure you check city and county fire department requirements for permit regulations and community restrictions.

  4. Lush Landscaping
    Before buyers even notice the features of a house, they notice the landscaping. NAR estimates that a beautiful landscape can net a healthy 83% return on investment. Upgrading your landscaping may include new grass, shrubs, and flowers; mulch around trees and flower beds; stone or gravel walkways; and stone or terracotta planters. Pruning existing trees and shrubs will promote healthier growth and protect your landscape from insects and critters that can quickly cause destruction.

  5. Irrigation Systems
    It's difficult to keep a beautiful green lawn and lush landscaping without some type of irrigation system. One of the best investments you can make is a buried sprinkler system or drip irrigation system. Both systems are effective, but drip irrigation systems offer minimal water loss due to evaporation and runoff. You may pay $5,000 - $8,000, but your home will potentially increase in value.

  6. Outdoor Lighting
    Outdoor lighting not only creates an inviting ambiance for your home but also deters burglars and unwanted critters that can cause property damages. Installing various fixtures like pathway lights along walkways and driveways, spotlights for trees and shrubs, and motion lights that detect movement will add value to your home and curb appeal to your property after dark. 

If you're looking to buy or sell in the Waco area, we have great properties in different communities. Contact us for more information.

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