Outdoor Kitchen and Resale ROI is here and answers some hot questions, literally.
Who doesn’t love and outdoor kitchen? Dining outside and BBQ’s are becoming great american traditions, but did you know that these upgraded outdoor spaces actually add to your home value? I represent Main LIne PA home buyers and sellers and I am here to tell you that you should absolutely go ahead with those outdoor updates. Buyers on The Main Line oooh and ahhhh at outdoor living options. Here are some of the top upgrades for ROI.
First, when you update the living area, you get expanded Living Space: Outdoor cooking and dining areas provide an extension of your home, allowing you to enjoy the fresh air and beautiful surroundings while preparing meals. It also effectively adds additional usable space that is highly attractive to potential buyers, especially those who love outdoor entertaining and embracing an alfresco lifestyle.
This naturally brings us to the second impact on ROI and it is entertainment. An outdoor kitchen creates the perfect setting for hosting gatherings and entertaining friends and family. Features that are often featured in the updates are built-in grills, refrigerators, sinks, and ample countertop space, where you share in food preparation. The third impact on ROI is that the updated outdoor space is like a very upscale amenity. You can go very over the top with an outdoor kitchen adding features like pizza kitchens, beverage stations, and more.These luxurious touches not only enhance the functionality of your outdoor kitchen but also give it a premium and upscale feel that can attract discerning buyers. The Fourth impact on ROI is Landscaping and Design: Beyond the functional elements, upgrading your outdoor kitchen allows you to enhance the overall aesthetics of your outdoor space. Landscape and hardscape improvements with lighting and seating make a big impact on potential buyers.
Finally let’s talk home value. An upgraded outdoor kitchen can significantly increase the value of your home. While the exact value added will depend on the updates, studies consistently show that outdoor living spaces, including kitchens, have a positive impact on resale value. According to Remodeling Magazine’s 2021 Cost vs. Value Report, outdoor kitchen projects recoup an average of 71% of their costs upon resale.
An outdoor kitchen is more than just a place to cook; it’s a space where you can entertain guests, enjoy meals with family, and savor the great outdoors. Upgrading your outdoor kitchen not only enhances your lifestyle but can also add significant value to your home when it comes time to sell. Curious what your home is worth? Reach out to me and fill out the link below.
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