If you’re flipping, selling, or renovating a home, you need to explore ways to add value in more than just the interior of the home. Outdoor changes can add exceptional value as well — especially with the pandemic putting new emphasis on at-home escapes.
But how can you go about adding outdoor value on a budget?
The following are seven ideas for enhancing the value of your outdoor space without spending too much in the process.
Integrate indoor-outdoor spaces
These are multifunctional rooms that can provide enhanced use of space and natural lighting. From covered porches to furnished patios, these spaces provide a sense of openness and fresh air while providing the privacy of an indoor room.
As gatherings change due to COVID-19 and its variants, real estate professionals will want to consider the value of these hybrid spaces in homes. A cozy, private, weather-resistant outdoor gathering area could be enough to secure the buyers or renters you want while adding invaluable enjoyment for whoever occupies the home.
Organize a garden
Then, consider organizing garden spaces in the yard to make gardening easy, convenient, and sustainable. This means integrating a water-efficient irrigation system as well as avoiding toxic pesticides and weed killers.
The perfect garden space will allow residents of the home to compost, develop healthy soil, and even grow some of their own food. By laying even the groundwork for such a garden, value all but grows itself.
Put up a half-court
Getting out and staying active are priorities for most of us, but the pandemic has made doing so frequently inconvenient and even unsafe. As a result, the popularity of yard or driveway features like miniature basketball courts are taking off.
Fortunately, these courts don’t take up too much space. Half-court kits are typically 30ft by 30ft or smaller, meaning the average American yard size at 8,650 square feet can easily house one.
Build backyard playsets
In a similar vein, backyard playsets of all varieties are offering families more value than ever in the era of school closures and stay-at-home orders. By investing in a playset for you property, you provide not just value to any family that will live there but you’ll be helping to create formative and fun memories for the children growing up there.
From tree houses to simple reading nooks, playsets in the backyard are a gift for any family property. Consider these investments as a means of adding outdoor value.
Invest in a hot tub
But if you want to go even bigger, go for a hot tub. If you know your property will house an older demographic than families with young childen, then a hot tub could be a great choice. Who doesn’t want to hang out in a hot tub — in just about any weather, no less?
These outdoor investments provide a striking draw for prospective tenants or buyers. For you, a hot tub could mean much-needed relaxation. Consider a hot tub if you want to go big but a pool is too much.
Add warm colors
Warm colors are associated in our minds with comfort, privacy, and closeness. By decorating outdoor spaces in warm colors, you can create a more inviting area and cultivate value through aesthetics and appeal.
Expand the front porch
Finally, by expanding the front porch, you can implement value in a culture in which drive-up parties and socially distanced gatherings are a thing. Create a front porch comfortable enough for remote workers to hang out on during the day or invite their friends for a drink in the evening.
The front porch can itself be a valuable indoor-outdoor space that leverages the value and the functionality of the property. Maximize the potential of this area to maximize outdoor utilization.
Bottom line
All these additions can boost the value of your real estate investment, whether you intend to live in the property yourself or rent it out. The best part is most of these features won’t add much in the way of overhead but can cultivate value long-term nonetheless.
Consider any or all of these easier ways to add real estate value outdoors for your property. For more information on renovations, remodels, and real estate investment, look for more 208.properties insights.
