5 Most Popular Backyard Upgrades to Skyrocket Property Value
When you start a project in your home’s backyard, you may be thinking of the property value it may bring. Your home is a valuable asset that can help you in tough financial situations; a lower value may limit your financial options. You’ll also want a desirable home value if it comes time to sell. Certain features in your yard may lower your property’s value, such as poor landscaping choices or unsafe decking, which can hurt your financial health. It’s important to consider property value when setting goals for your home’s outdoor space. Luckily, there are a ton of fun and gorgeous backyard features that can provide timeless value for you and your home. While this list isn’t exhaustive, it can serve as excellent inspiration for your outdoor space.
1. Swimming Pool
Arguably, the most popular option for a home’s backyard is usually installing a swimming pool. Whether you’re single or packing your home with a large family, pools provide endless value for you and any future buyers. Pools extend your home’s floorplan to the outdoor space, giving you an excuse to enjoy outdoor fun and relaxation. Pools can provide some excellent fitness routines, too. Pools do come with some downsides. If you live in a particularly cold or rainy area, you may not see as much year-round value in your pool. Installing and maintaining a pool takes a lot of time and money, too. While local pool contractors can give you some great rates, you’ll still need to take a lot of preparation and planning time before making a decision.
2. Outdoor Kitchen
Pools don’t suit all tastes, but everyone needs to eat. Even if cooking may not be your strong suit, many homeowners love the appeal of an outdoor kitchen. Whether you want to grill some burgers, roast a wood-fired pizza, or simply mix a cocktail with the wind on your skin, an outdoor kitchen provides endless options for entertainment and enjoyment of your home’s outdoor space. Outdoor kitchens are fully customizable, too—you can tailor the space to how you like to cook or enjoy food and drinks. A well-made outdoor kitchen will significantly boost your home’s value, especially if it includes a scenic dining area.
3. Storage Solutions
While you can’t predict what buyers will want out of your home’s backyard, there is always a strong need for storage solutions from owner to owner, especially if your home currently lacks a garage. Lawncare equipment, pool maintenance, or pet supplies all need a place to go, and stylish backyard storage options will always boost a home’s value. There are tons of outdoor storage choices that buyers look for. Sheds provide a compact but versatile way to store outdoor items. For larger properties, a detached barn or garage may even be more beneficial. Pole barns are very cost-effective, and materials sourced from local suppliers can save you even more. Compare quotes and rates with local builders to discover your options. Searching with terms such as ‘pole barn builder near me’ can yield helpful local options. If you’re not sure which storage option to go with, take a look at your yard’s size and what else you may plan to do with it for a more informed decision. Your budget will also play an important factor.
4. Fencing
In many neighborhoods, it can be difficult to find privacy between barking dogs and nosy neighbors. Even if privacy isn’t a concern, many homeowners with pets or young kids want to make sure they’re safe and contained when they turn their backs for a moment. Fencing is widely appealing for these reasons and more. Most homebuyers have kids or pets to think about. Even if they don’t, it’s nice to enjoy the breeze in your backyard without having to worry about inquisitive neighbors or loud kids next door. Fencing can make the space feel your own, too. A locked gate can also deter some intruders for additional peace of mind. A tall, well-maintained fence can boost property value and attract many buyers.
5. Decks and Patios
At times, versatility is key to an alluring backyard space. If you’re not quite sure what you want to do with your yard, a deck or patio can be a great start. Homes with a designated space to relax outdoors are great for buyers who desire a more blank canvas for their backyard plans without having to start entirely from scratch. For many buyers, a simple deck or patio is enough to attract them to a home versus an empty yard. Decks and patios are versatile enough to be transformed into a grilling zone or pool relaxation area, too! Patio space doesn’t require a lot of work or money, either; it’s an affordable way to add value to your property.
Final Thoughts
Regardless of your lifestyle preferences, there are many things you can do with your yard that will improve the value of the home. Professional landscaping and gardens can also appeal to a wide variety of prospective buyers if plant life is ideal for you. You can combine gardens or landscaping with pools, kitchens, fencing, and patios, too. Before getting started on any backyard project, determine your goals and budget relative to your property’s size. You don’t want to install a pool that is too big for the space you’re in! With the right planning, you can create a peaceful outdoor oasis that boosts your property value for generations.
