These outdoor upgrades will benefit both your backyard and your bank account
A paver patio increases your home value because it expands your outdoor living space, turning your backyard into a functional dining or relaxation area.
Expect to pay $5,000 to $10,000 for a new deck and $300 to $1,400 for a fire pit, with hardscaping projects delivering strong returns on investment.
Your outdoor lighting allows you to enjoy your patio and deck after dark, making your hardscape features more functional throughout the evening hours.
Hiring a local hardscape professional helps you design and install features like patios and fire pits that boost both your enjoyment and home equity.
Hardscaping can be a good way to add value to your home, both in the way you enjoy your outdoor spaces and in the equity it adds to your property. However, not all hardscape projects are created equal. Some of these designs will definitely get you more bang for your… brick. Before you break ground, check out this list of hardscape projects that will net you the biggest return on your investment (ROI).
Hardscaping is any outdoor landscaping feature that is both hard and movable. It encompasses several different elements of your yard—including pavers, retaining walls, and even wood arbors—but for the purpose of this article, we’re going to stick to stone-based projects.
Yes, hardscaping can increase the value of your home. Adding a patio or deck to your property not only makes your yard look nice, but it also increases the livable spaces around your home. Think about it this way: A brick paver patio can instantly become a dining room when you add a table and some chairs, or an extension of your living room with some cozy outdoor furniture and a fire pit. This makes your home more appealing to potential buyers, which raises the value.
You can expect to get 20% to 30% of your investment back when you choose the right hardscaping project. For example, say you’re going to add a $10,000 paver patio to your backyard. You can expect that patio to increase your home’s value by $2,000 to $3,000 when it comes time to sell or refinance. Considering that hardscaping project costs run anywhere from $300 to $30,000, you could be looking at a wide range of values.
Here are five hardscape features that you can enjoy while they add value to your home.
Adding decking or a patio right off of one of the exits of your home can really allow your interior living spaces to flow into the great outdoors. Homeowners can expect around a 72% ROI when they add a deck onto their property and more than 80% for a patio. Decks can cost between $5,000 and $10,000, so you could be looking at between $3,575 and $7,150 in equity. Obtaining an estimate from multiple hardscape contractors near you can help you compare materials, services, and designs before moving forward.
There are few things as great as grilling up dinner while standing out in the fresh air. An outdoor kitchen lets you cook a delicious dinner outdoors while still having all of those great indoor amenities. You’ll pay a pretty penny to get your master (outdoor) chef station set up—between $22,000 and $100,000 on average—but with an estimated ROI of 55%, you’ll be laughing all the way to the bank. Or at least, all the way back to the supermarket so you can buy more burgers.
It can be hard to enjoy your outdoor spaces if you have to limit your use to daylight hours, which is why outdoor lighting has several benefits. You might have to spend between $2,000 and $4,500 to do it right (and to do it right, you’ll need a qualified local electrician to help you out), but you’ll see about half of that back someday.
A good fence can do two things: Keep kids and pets in while keeping unwelcome visitors out. It offers your home an added layer of protection while also giving your family a little bit more freedom to move around your yard. That’s why they are such great investments. You’ll be looking at between 50% and 70% ROI for your fence, depending on the materials you use. On average, the cost to install a fence runs between $1,500 and $8,000.
Being able to step outside after a long day and relax around a fire pit may sound like it would be worth its weight in gold, but it’s actually worth a bit more than that. Fire pits yield around 67% to 80% ROI based on the average cost to add a fire pit to your yard, which is between $300 to $1,400.
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