All eyes are on the housing market in 2021. With historically low interest rates, many are flocking to purchase a new home — and the demand is far outweighing the supply. That has spelled a clear seller’s market in Indiana and other states, and many homeowners have found that their property value has increased sometimes by six digits just in the last year!
For those homeowners who are looking to make the most of their investment in their home and continue to see their property value rise independently of the current housing market, a hardscape project might seem like a good potential investment. Decks, patios, and outdoor kitchens are all eye catching additions for buyers — not to mention great features for your family to enjoy.
Read on to see how a hardscape project might affect the value of your property.
When considering the value a deck can bring to your home, think about it in these simple terms: building a deck is like adding square footage to your home. For three seasons out of the year, it’s a place to spend time with loved ones, enjoy a meal with your partner, or simply escape to read a good book.
That being said, potential homebuyers usually want a deck that’s big enough to enjoy with company, but not so big that it dominates the backyard. The right size and dimensions for the perfect deck can be tough to figure out on your own, but it’s a piece of cake when you lean on the professionals at Cutting Edge.
Patios are a surefire way to increase the value of your home. It’s hard to see a well-built patio and not imagine cozy summer nights relaxing with your family in the backyard. But if there’s one thing homebuyers don’t want to see, it’s huge portions of their future property taken up by unsightly concrete.
Thankfully, Cutting Edge only builds patios using high-quality stone pavers that are structurally stronger than concrete and much more visually appealing. They come in a variety of colors and styles that will look great to any potential homebuyer.
Outdoor kitchens are becoming an increasingly popular addition to homes. They provide a comprehensive outdoor experience for you and your guests, bringing the entire evening centered around food out into your backyard.
In light of the pandemic, many homebuyers are looking for an all-encompassing outdoor space to safely host their guests, and outdoor kitchens scratch that itch perfectly. While they can be a fairly major construction project, building an outdoor kitchen can really pay off when it comes time to sell your home.
Is it worth it to build a hardscape project?
Now there’s the thousand-dollar question. Knowing that a professionally constructed hardscape project can indeed increase your property value, is it worth it to invest in one for your home? In truth, you’re the best person to answer that question!
A deck, patio, or outdoor kitchen can generally add enough value to your property that they mostly cover the cost of construction. But the best reason to invest in a hardscape project is because of the enjoyment you and your family can get from them right now.
Think of your new deck not in terms of the thousands of dollars you’ll make during the sale of your house, but in the number of warm summer evenings you’ll spend outdoors with your partner. And don’t measure your outdoor kitchen in terms of return on investment, but in how eager your guests will be to return for dinner next week.
Hardscape projects are a great investment, both in terms of home value and quality of life. As always, a free consultation can help you understand the ins and outs of any hardscape project before you commit to construction. We look forward to hearing from you!