Page 13 - Home Decor 5 2021

What to know about outdoor living spaces

Home trends come and go. What • Cost: The home renovation resource which means homeowners should not
was popular as recently as a decade ago HomeAdvisor estimates that the average expect substantial ROI when selling their
may have lost some luster in the eyes cost of an outdoor living space is around homes. But that built-in fire pit? Estimates
of today’s home buyers. Though that’s $7,600.Thatcostcaneasilygoupdepending from the National Association of Realtors
historically been the case in regard to onwherehomeownersliveandthefeatures suggest fire features recover around 67
real estate, outdoor living rooms are one they want to have in their outdoor living percentof homeowners’ initial investment.
relatively recent home trend that figures spaces. For example, including a built-in fire In addition, 83 percent of homeowners
to have a longer shelf life, especially pit in an outdoor living space will cost more surveyed by the NAR who had installed
in the aftermath of a global pandemic than purchasing a stand-alone fire pit that fire features said they had a greater desire
during which people were encouraged can be picked up and moved. But many to be home after completing the project.
to stay home as much as possible. homeowners feel a built-in fire pit makes • Space: An outdoor living space may only
an outdoor living space even more special. be as relaxing as the space allows. The
Real estate professionals and • Return on investment: Return proximity of neighbors may affect privacy A Special Advertising Section of The Morning Call
organizationsliketheNationalAssociation on investment is another factor for levels, which can make it hard to enjoy
of Home Builders note the popularity of homeowners to consider as they try to movie night outdoors or curl up to quietly
outdoor living spaces among prospective decide if they should install outdoor living read a good book. In addition, landscaping
home buyers, and how that popularity spacesandhowtodesignthoseareas.Much also may need to be addressed if drainage
has grown in recent years. Outdoor conflicting data about the ROI on outdoor is an issue in the backyard. That can add to
living rooms not only appeal to potential kitchens can be found online, but many the cost, and drainage concerns may limit |
buyers, they also serve as a means for trusted real estate organizations report the materials homeowners can work with.
current homeowners to get more out of that such additions do not mesmerize Outdoor living spaces are popular.
their properties. Homeowners mulling prospective buyers. Data from the Homeowners must consider various Thursday, May 13, 2021
outdoor living space projects should American Institute of Architects indicates factors before deciding if such spaces are
consider various factors before deciding that outdoor kitchens are routinely ranked for them.
to go ahead with a project. among the least desirable home features,
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