How Do You Upgrade Your Outdoor Space for Future Profit?

At any point that you decide to sell your property; you want the highest resale value possible. Surprisingly, you don’t always need to do much to make this happen. Just take advantage of carports and carports kit, and you are one step closer to increasing your home’s value. What else can you do to ensure a profitable outdoor project?

Understand the Link Between Real Estate Prices and Outdoor Improvements

Before anything else, it’s important to understand how outdoor improvements can increase or decrease property value. Doing so will help you gain a better appreciation for your efforts and get a good idea of what upgrades pay you back the most.

• Kerb Appeal: Impressions are instantly made the first time a potential buyer sees the kerb. It immediately sends the signal on whether to check what’s inside or even get out of the car.
• Long-Term Benefits: For example, replacing an ageing roof boosts property value and protects your home from leaks and moisture problems that can compromise structural integrity. The right material can also reduce energy costs and increase insulation, both of which are selling points for many property buyers.
• Functionality: While a sizable yard looks impressive, the lack of functionality makes it less attractive for some buyers. It may come down to personal preference, since some buyers have plans of their own for a huge, unused yard, but the addition of a deck, patio, or landscaping helps increase desirability.

Outdoor Features That Pay Themselves

Deck

If you don’t have one yet, consider adding a deck that can increase your home’s value and usable outdoor space.

• Studies show that you’ll be able to recoup over 80% of the cost of building a wooden deck, and give you a space for entertaining and relaxing. That’s a great deal, if you think about it.
• Depending on the material used, a deck that lasts long and requires little to no maintenance already means good returns. The more often you use it, the more value you get out of it.

Privacy Fence

Safety and security are features most buyers look for when shopping for property. This is why location and neighbourhood matter a lot. The addition of a fence further increases safety and privacy.

• Most buyers with kids and pets prefer homes with a fence, as it provides a safe play area. They can roam freely without the guardians worrying about them every second.
• Privacy fencing serves as a deterrent for thieves and intruders, especially when equipped with security features.
• It helps define the property line, telling you exactly where your land ends and the neighbour’s starts.
• Some buyers are willing to pay the price for the convenience of an existing fence that suits their needs and preferences. It’s much cheaper to maintain than to build a fence from scratch.

Outbuildings

Adding a shed, greenhouse, carport, or stable can increase property value. The amount, however, will depend on how useful an outbuilding is to a potential buyer.

• Storage sheds tend to boost a property’s desirability, especially if it can store sizable garden equipment. They also have multiple uses, giving future homeowners several options to extend outdoor living.
• Garages and carports are definite positives, especially for people with multiple vehicles or when they want to use them as additional storage.
• Stables can become a source of income if you set up a livery yard.

When planning an outdoor improvement project, it’s important to calculate the overall expenses and the potential ROI for maximum returns. If you want to start with something simple, adding a garden shed or carport from Best Sheds is a great option.