The Great Outdoors: Adding Value to Your Home

An outdoor living space is a great feature to enjoy while you live in your home, and it will also attract buyers when you’re ready to sell.

Buyers are willing to pay top dollar for a home with a well-done livable outdoor space. I’ve seen homes with a well-designed outdoor space sell for six to seven percent above homes with plain backyards.

Here’s what I recommend homeowners keep in mind when planning an outdoor space to get the most return on your investment:

Proportion: Your outdoor space should be proportionate to the outdoor area. Creating an outdoor focal point, such as a pergola, gazebo, or tiki hut that is too big or too small to the outdoor space itself can make the outdoor space feel disproportionately distorted. This perception can take away from the value of your home when reselling it.

Lighting: Well-designed lighting can extend the use of your outdoor space. With good lighting, you can now enjoy the outdoors at night also.

Don’t Clutter: A common mistake that homeowners make is filling up every square foot of the outdoor space with lots of furnishings, leaving you with little room to walk or run around in. Over-furnishing will make the space feel smaller and goes against the open feeling you are looking to get from being outdoors.

Privacy: Your renovation budget should include nice fencing and easy-to-maintain shrubbery that will grow full to provide that sense of privacy that will allow you to enjoy the outside space. Privacy has a value in itself!

Think Green: Outdoor spaces are created to enjoy the comforts of indoor living while taking in the beauty of the outdoors. Allow for your outdoor space to have a good balance between living space and natural elements. Don’t pave the entire outdoor area. For example, invest the money you would have spent on all those pavers into other items in your budget. If you have older trees that provide good shade, incorporate them into your design. This will also make your space feel inviting.

By Miguel A. Espinoza, P.A.
BROKER ASSOCIATE
ONE SOTHEBY’S INTERNATIONAL REALTY
MiguelEspinoza.com