Outdoor Features That Add Value
Buyers are drawn to outdoor spaces that feel like an extension of the home, with comfort, lighting and versatility helping listings stand out
NEW YORK – Outdoor living spaces are wildly popular. A 2024 poll of more than 1,000 homeowners conducted by Thumbtack found that 29% of respondents intended to spend as much as $5,000 improving their outdoor spaces in the coming months.
In addition to the improved functionality and additional usage residents get to enjoy when upgrading these spaces, such projects can help to improve resale value. In fact, a 2021 survey of real estate agents conducted by HomeLight found that a new patio provided an average return on investment of 109%.
There’s much to gain in both the short- and long-term when upgrading an outdoor living space.
The following are a handful of must-have features to make such spaces an even better addition to a home’s existing layout and landscape:
- Multi-functionality. The home renovation experts at This Old House note versatility in an outdoor living space can set a stage for relaxation, entertaining and family activities. Outdoor living spaces tend to be most useful when residents can relax on weekend mornings and evenings throughout the week while also offering the potential to entertain crowds during backyard barbecue season. Homeowners can keep this in mind and prioritize multifunctionality when designing outdoor living spaces.
- Seamless connectivity with interior designs. In a 2024 survey conducted by Fixr, 78% of industry experts noted a coherent indoor-outdoor design was the most popular outdoor living space trend that year. This design choice suggests an outdoor living space is an extension of the home as opposed to a wholly separate area.
- Seating. The days of stackable plastic lawn chairs are largely a thing of the past. Modern outdoor living spaces offer comfortable, all-weather seating where residents and guests can gather to relax and engage in conversation.
Accent tables to place drinks and other items is another nice touch that can add to the comfort-first feel of an outdoor space.
Modular furniture merits homeowners’ consideration, as such furnishings can be customized and rearranged for each gathering and might prove easier to store for homeowners who will be taking the seating in over the winter.
- Lighting. Summer gatherings in outdoor living spaces have a tendency to continue past sundown. Proper lighting can ensure spaces are safely navigated when the sun goes down. Sufficient lighting also enhances the visual appeal of the space while facilitating conversation when natural light is no longer enough to illuminate a space.
There’s no shortage of ways to create an awe-inspiring outdoor living space.
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