It’s no surprise that today’s buyers want year ‘round living space. While statistics vary, a well designed and functional outdoor space can add as much as 30% to the value of a home in some parts of the country.
Smartmoney reports that a landscaped patio raises the value of your home by 12.4%. Hedges alone can raise the value 3.6%. So, clearly buyers find value in finished, landscaped outdoor areas.
According to Barbara Corcoran, nationally known real estate advisor, create less lawn and add more trees (but all 8 feet tall or above); use a landscape designer and don’t forget about irrigation. Include a dining area, backyard sanctuary with a water features. Today’s status symbol is a complete outdoor kitchen – costing $15,000 to $100,000.
- Bring the indoors out – your outdoor area is an extension of your inside living spaces so use similar colors, weather and stain proof materials, and comfortable but durable furniture.
- Use stylish privacy – Depending on your proximity to neighbors, check out Pinterest or HGTV.com for ways to block view but keep your space feeling open and airy.
- Incorporate Nature in your design; urban gardens, sustainable materials and natural furnishings create intimate spaces that set it apart from the rest of the yard
- Year around living – include all the seasonal elements to stay comfortable in cold or hot weather. In landscape and hardscape, consider using color in materials so it’s not bland or dead looking in cold weather – colored bark, ornamental grasses, stained or patterned concrete, and natural stone.
- Use whimsical accessories and creative lighting for drama and warmth.
- In some areas of Colorado, add a firepit and comfortable seating (but check your local district’s fire codes to make sure it’s not banned where you live). Patio heaters can also keep you and your guests toasty warm on a chilly evening.
The sky’s the limit, literally, in your outdoor space! For inspiring images, see over 9,400 ideas from HGTV to create your outdoor space in your Colorado home.