There are many benefits that come with installing a quality patio cover. But, some people wonder if one of those benefits will include an increase to their overall property value? If you are wondering that as well, then this article is for you. Keep reading for some perspective from a few of our readers.
Klara Dumancic
Klara Dumancic, Marketing Specialist at Investors Club.
It Depends on the Home
If you have an older home with a smaller yard and a large patio in front of your house, adding a patio cover could help you sell your home for more money. People are always looking for houses with patios so they can use them as extra space to have parties or hang out with friends and family.
If you just bought a new house with a small yard and no patio, it might not be worth it to add one because you might not need the extra space just to have people over. But if you live in a place where there aren’t many houses around yours, this might be a good idea if it will help you get more money from potential buyers.
Added Wow Factor
Adding a patio does increase the property value. However, as with any upgrade, it is crucial to remember that most high-end upgrades will not increase the overall value significantly.
In my professional opinion, a patio adds a wow factor that [hastens] the selling process of the property. But, you must consider the desired sale price before deciding if the addition is worth it. The added value will also depend on the neighborhood.
Jon Sanborn
Jon Sanborn, Co-founded Brotherly Love Real Estate in Philadelphia, PA.
Shaun Martin
Shaun Martin, Owner, Member, and CEO of We Buy Houses in Denver.
Three Reasons Why
A patio cover can certainly increase the value of your property for several reasons.
1. Aesthetic Appeal
The first and most obvious reason is that a patio cover can make your home look more appealing. It does this in two ways.
First, by providing shade and protection from the elements, it makes your patio a more inviting and comfortable place to spend time. Second, because it can be customized to match the style of your home, it can give your home a more polished and put-together look.
2. Functionality
A well-designed patio cover can also make your home more functional. The provided shade can help keep your patio cooler in the summer months and extend the amount of time you can spend outdoors.
In addition, by protecting your patio furniture from the sun and rain, a patio cover can help to prolong its life.
3. Added Value
Finally, a patio cover can add value to your home by increasing its curb appeal and making it more attractive to potential buyers. Because a patio cover can make such a big difference in the look and feel of your home, it can be a selling point for potential buyers and help you to command a higher price for your home.
Improved Outdoor Enjoyment
A patio cover is an extension of your home that provides usable space for entertaining and relaxing. Adding a patio cover to your home can increase the property value by increasing the livable space and having a valuable addition to your home.
It will add beauty to your outdoor living space and improve your property’s look while providing weather protection and comfort. The feeling of being outside in comfort is difficult to buy, so a patio and pergola can make a big difference in value.
With a patio cover, you can use your deck all year round! It also allows you to enjoy outdoor space without being bothered by bugs and other pests.
Patio covers add value to your home because they offer a functional and stylish space to entertain, cook and enjoy the outdoors.
Patio covers can be custom designed to fit your home, so you can rest easy knowing that they won’t clash with your other investment in your home. And because they follow the style of your home, they will never go out of style.
Warner Quiroga
Warner Quiroga is a Real Estate Investor and Owner of Prestige Home Buyers.
Lindsey Hyland
Lindsey Hyland, Founder of UrbanOrganic Yield.
Energy Savings Along With Aesthetic Appeal
Patio covers provide shade from the sun, they act as a barrier against the wind, and they can improve your home’s insulation value. All of these things mean that you will be able to save money on your energy bills, which in turn makes your home more valuable.
Another reason a patio cover can increase your property value is that it can add to the aesthetic appeal of your home. A well-designed and installed patio cover can make your outdoor space more inviting, which makes your whole property more attractive to potential buyers.
A patio cover can most definitely increase the value of your home. If you are thinking of selling your property shortly, investing in a patio cover is a wise move that is sure to pay off.
This is a crowdsourced article. Contributors’ statements do not necessarily reflect the opinion of this website, other people, businesses, or other contributors.