When it comes to real estate, we all know the drill - a sleek kitchen, modern bathrooms, and perhaps a fresh coat of paint can significantly bump up your home's value. But what about the often overlooked backyard? Turns out, it can be a game-changer in attracting buyers and sealing the deal.
In today's competitive market, where buyers are scrambling for available properties, having a standout backyard can give you an edge. Here's a rundown of some not-so-obvious features that can make your home stand out and potentially sell faster. However, let's put the big one, pools, on the back-burner for now. While pools can indeed increase a property's value, they come with a hefty price tag and ongoing maintenance costs. Adding a pool solely for resale value might not be worth it. Now, let's explore some other backyard features that can offer a more cost-effective boost to your home's appeal.
These seemingly small backyard additions might not have the wow factor of a gourmet kitchen or a spa-like bathroom, but they can make a big difference in how your home is perceived by potential buyers. So, if you're looking to up the ante and stand out in a crowded market, consider sprucing up your backyard with these simple yet effective features. Who knows? You might just find yourself fielding multiple offers and inching closer to that coveted sold sign.
Outdoor TVs: Who would have thought that an outdoor TV could be such a hot commodity? Surprisingly, it's one of the top items on many homebuyers' wish lists. For those of us who relish in the joys of grilling and game nights with friends, an outdoor TV is a dream come true. And guess what? It's not just a luxury; it can add significant value to your home. According to Zillow, homes equipped with outdoor TVs can command 3.1% more in value, translating to roughly $10,000 in a typical US home sale. The best part? You don't have to break the bank - a decent 50-inch smart TV can be snagged for as little as $225 at your local Walmart.
Outdoor Showers: Ah, the luxury of an outdoor shower, especially at the Jersey Shore where going to the beach is a way of life. But even if you're not living by the shore, an outdoor shower can be a prized feature that adds both convenience and value to your home. Research suggests that outdoor showers can boost your home's value by 2.6%, making it a worthwhile investment, particularly in areas with warmer climates or a penchant for outdoor living.
Outdoor pizza ovens: This is definitely a newer/trendy addition to a backyard, however it's many peoples dream to make fresh Neapolitan style pizza in their backyard. Well, for many homebuyers, it's a dream they're willing to pay for. Outdoor pizza ovens have become increasingly popular in recent years, and for a good reason. Not only do they add a touch of charm and sophistication to your outdoor space, but they also offer a unique and enjoyable cooking experience.
Outdoor kitchens: Now, let's turn our attention to another backyard feature that's sure to impress - outdoor kitchens. Imagine having all the conveniences of a traditional kitchen right in your backyard - from a grill and countertops to a sink and storage space. It's the ultimate setup for outdoor cooking enthusiasts and entertainers alike.
But what about their impact on home value? According to research, outdoor kitchens can add an average of 1.7% to a home's value. While it might not seem like much, it can make a significant difference, especially in today's competitive market.
However, it's essential to note that outdoor kitchens are on the pricier side. Costs can range between $6,121 and $25,180, with a national average of $15,534 According to bobvila.com. But for many homeowners, the investment is well worth it. Not only does an outdoor kitchen enhance your outdoor living space, but it also adds functionality and style to your home.
So, if you're considering sprucing up your backyard, an outdoor kitchen might be just the thing you need. Not only will it make your home more attractive to potential buyers, but it will also provide you with years of enjoyment and memories with friends and family.
In conclusion, while the interior of your home often steals the spotlight when it comes to increasing property value, don't underestimate the power of a well-designed backyard. From outdoor TVs to pizza ovens and even full-fledged kitchens, these features can add not only monetary value but also enhance your lifestyle and enjoyment of your home.
While pools may be the quintessential backyard addition, their cost and maintenance may outweigh their potential value increase. However, with the rise of outdoor entertainment trends, investing in features like outdoor TVs, showers, pizza ovens, and kitchens can set your home apart in a competitive market and attract buyers seeking a unique outdoor living experience.
So, if you're looking to up the ante and make your home stand out, consider sprucing up your backyard with these simple yet effective features. Who knows? You might just find yourself fielding multiple offers and inching closer to that coveted sold sign, all while enjoying the ultimate outdoor oasis right in your own backyard.