With most homebuyers wanting an outdoor element to their lifestyle, especially in the tropical Cairns climate, it makes sense that adding a patio is one of the better moves homeowners can make to increase the market value of their property and get a good return on their investment.
With current figures suggesting a new patio can increase the value of a home by around 8-10% on average, we thought it might be worth running through in a little more detail the various reasons why this is the case.
Patios create visual impact
A well-designed patio can totally transform the presentation of your property from a homebuyer’s perspective, particularly if there are no other prominent architectural features to catch the eye. In addition to visual appeal, a patio also tends to create a more welcoming feel and give that magic sense of homeliness all homebuyers seek.
Patios make better first impression
Beyond the initial wow factor, a quality patio can make a big difference to the way your home is perceived by potential buyers. For instance, just the fact previous owners have cared enough to invest in a patio shines a more favourable light on the property and makes it seem like a more worthwhile investment.
Patios add extra living space
When it comes to valuing homes, functional living space is always a big consideration because families want room to live, relax, play, entertain, and even grow into. In this sense, a patio is a much more convenient and cost-effective way to extend the floor space of your home without having to commit to an extension of the main house.
Patios offer a better lifestyle
The flow-on effect of having the extra living space a patio provides is the lifestyle opportunities it creates. A patio can transform the way a home is used by adding a beautiful and versatile indoor/outdoor area that’s suitable for all the activities us Australians love – from a warm and cosy winter venue for adult get-togethers, to a cool and shaded summer play area for the kids.
Patios cool and protect
For people living in Cairns and other hot parts of Australia, a patio plays a key role in getting through the summer heat. With options like heat deflective roofing and built-in ceiling fans, even the hottest summer days can be enjoyed. Comfort isn’t the only winner either. A well-designed patio can help reduce direct sunlight to keep the rest of the house cooler and less reliant on expensive air-conditioning, while patio fixtures and furniture will also be spared hours of damaging sun that can shorten their lifespan.
The Patio specialists in Cairns
When listed out in such a manner, it’s much easier to see how an 8-10% return on investment is very possible with the installation of an outdoor space like a patio. While the benefits are clear, we strongly recommend engaging local, proven patio experts with any installation to make sure you get the most bang for your buck. Cairns Patios have been helping local Cairns residents boost the value of their homes with high-quality, custom-built patios and carports for over 10 years. Get in touch today for a free, no-obligation quote. Plus, through our partnership with Mortgage Choice, we can also help you with fast and competitive patio finance options.
To learn more, reach out to us online or call us directly at 07 4249 3474.