Are you thinking about selling your home in 2022? Do you want to get the most out of your home’s value? If so, it’s important to meet buyers where they are and give them what they want.
So, what do homebuyers want in 2022? More than anything, they want a functional outdoor living space. If you haven’t done so already, it’s time to start thinking about patio installation.
How can a new patio impact your resale value? Is it guaranteed to come with a worthwhile ROI?
Read on to learn why patio installation is the best outdoor renovation for your resale value.
What Is Indoor-Outdoor Living?
Indoor-outdoor living is a buzzword that’s picking up speed in 2022. The idea is that your home no longer consists of indoor space and outdoor space. Ideally, your home becomes a fluid mixture of indoor and outdoor, and the transition is practically seamless.
That requires more than just opening the windows and buying some houseplants. You’ll need an outdoor space that invites you to sit, relax, dine, and entertain.
Why Is a Patio a Necessity in Outdoor Spaces?
An indoor living space needs walls and a roof. An outdoor living space will also need some hardscaping projects to make it functional. Before you can stock your yard with patio furniture and outdoor kitchen appliances, you’ll need to start with, of course, a patio.
Homebuyers anticipate stocking their new home with furniture. However, anyone looking for a move-in-ready home doesn’t want to have to take on any major renovations, first. That’s why something like a new patio will increase your resale value; people will pay more when it means they have less work that they have to do.
Should You Invest in Other Outdoor Home Additions?
If indoor-outdoor living is what homebuyers are after, should you invest in other outdoor home additions? What about an outdoor pizza stove or a swimming pool?
The most important thing is that you remain realistic about how high your home value should go. Permanent outdoor kitchen appliances or swimming pools do well in luxury markets, but they won’t always do well in suburbs. Why?
Property value isn’t just about what the property, itself, can offer. It’s also about the neighborhood amenities and even about how much your neighbors are paying for their property.
Patios are a safe investment because nearly every homebuyer will want one and because they aren’t expensive to maintain. If you’re going to go beyond that, make sure that your renovations won’t tip you into the territory of too valuable.
Increase Your Resale Value With a New Patio
If you want to sell your home in 2022, invest in a new patio. With indoor-outdoor living in high demand, a new patio is sure to increase your resale value without making your home too expensive for your local real estate market.
Looking for more ways to embrace indoor-outdoor living? Take a look at our home and garden content to get inspired.