BBQs, pools, fire pits and other features are often associated with
double-digit price premiums. Outdoor projects can help boost a home’s value by up to 10 percent.
Outdoor showers, barbecue stations, entertainment pools, and firepits are the top projects that researchers found with the biggest potential increases to a home’s price.
For its research, analyzed listings at its site for summer-related outdoor features in single-family homes listed for $150,000 or more.
An outdoor shower offers the biggest return on investment, according to research. Researchers found that homes with outside bathing areas had a 97 percent price-per-square-foot premium. They speculate that such a feature may be appealing since it’s usually found in homes that are near a beach or an expensive property with other luxury amenities.
Researchers also found that homes with barbecue stations are 26 percent more expensive than those without.
listing feature is barbecue (and other variants). It occurs in nearly 9.6% of listings on average, topping out in Arizona where it appears in 15.8% of active listings. California follows at 9.5% with the remaining states in the top 10 each having a proportion between 3-6% of listings that mention barbecue.
Buyers in just about every state can expect to pay more for homes with this feature, with Utah homes mentioning BBQ costing 58% more per square foot than the typical home in the state. Even with the prevalence of BBQ-related listings in Arizona, these homes add 33% to the price of the homes per square foot.
Also, entertainment pools—with enough space around them for others to lounge—could give a home a 26 percent increase in its value. In New York state, homes with such entertainment pools were 224 percent pricier per square foot than those without.
Firepits and backyard fireplaces are also proving to be a hot way for homeowners to boost their home prices. Homes with firepits or backyard fireplaces had a 25 percent premium, according to researchers.“Outdoor features can give a home a special quality in the market,”
“And anytime you have a unique feature, it can bolster the prospective value of a home.”
Are you Ready to get Started? We have a wealth of information and 18 years of experience to help you get started. Visit us at WWW.PrecisionReal-T.com or if you prefer a more personal touch Call us today at 801 809-9866.
#RealEstateForSale #Homeownership #UtahRealEstate #VisitSaltLakeCity
Outdoor showers, barbecue stations, entertainment pools, and firepits are the top projects that researchers found with the biggest potential increases to a home’s price.
Things to Do in Salt Lake
There are two main factors involved in planning the perfect trip: making sure everyone has fun and experiencing things you don't experience every day. Luckily, there's so much to see and do in Salt Lake, the hardest part about planning your trip will be narrowing down your options, which range from the weird and unusual to the beautiful and exhilarating.For its research, analyzed listings at its site for summer-related outdoor features in single-family homes listed for $150,000 or more.
An outdoor shower offers the biggest return on investment, according to research. Researchers found that homes with outside bathing areas had a 97 percent price-per-square-foot premium. They speculate that such a feature may be appealing since it’s usually found in homes that are near a beach or an expensive property with other luxury amenities.
Researchers also found that homes with barbecue stations are 26 percent more expensive than those without.
America loves barbecuing
Summer and barbecuing go hand-in-hand, so it’s no surprise that the most popular summer-funlisting feature is barbecue (and other variants). It occurs in nearly 9.6% of listings on average, topping out in Arizona where it appears in 15.8% of active listings. California follows at 9.5% with the remaining states in the top 10 each having a proportion between 3-6% of listings that mention barbecue.Buyers in just about every state can expect to pay more for homes with this feature, with Utah homes mentioning BBQ costing 58% more per square foot than the typical home in the state. Even with the prevalence of BBQ-related listings in Arizona, these homes add 33% to the price of the homes per square foot.
Also, entertainment pools—with enough space around them for others to lounge—could give a home a 26 percent increase in its value. In New York state, homes with such entertainment pools were 224 percent pricier per square foot than those without.Firepits and backyard fireplaces are also proving to be a hot way for homeowners to boost their home prices. Homes with firepits or backyard fireplaces had a 25 percent premium, according to researchers.“Outdoor features can give a home a special quality in the market,”
“And anytime you have a unique feature, it can bolster the prospective value of a home.”
Are you Ready to get Started? We have a wealth of information and 18 years of experience to help you get started. Visit us at WWW.PrecisionReal-T.com or if you prefer a more personal touch Call us today at 801 809-9866.
#RealEstateForSale #Homeownership #UtahRealEstate #VisitSaltLakeCity
No comments:
Post a Comment