The modern housing market demands the inclusion of unique landscape designs and versatile outdoor buildings. Without these features, you will likely see your property value remain stagnant even as other homes in your neighborhood increase in price. Luckily, upgrading your outdoor buildings can provide a great return on investment when you go to sell your property and increase the overall utility of your home in the meantime. You may love the functionality of the outbuildings so much that you decide to stay rather than sell. In any case, you can facilitate consistent home value increases simply by smartly placing functional and attractive outdoor buildings within the confines of your property.
Home Value Factors
When you add tastefully placed outbuildings to your property, you improve the aesthetic value and overall utility of your home. A simple detached garage structure, for example, can net you a return of up to 80% of your investment. A purpose built structure, such as a studio shed, however, has the power to push that return past 100%.
Furthermore, the return is not the only reason to invest in outbuildings for your home. The addition of detached buildings on the property helps drum up interest faster when you do decide to place your home on the market. Quickly attracting the interest of buyers, and obtaining bids in droves, can reduce your overhead costs throughout the sales process. As a result, more of your funds will remain in your hands just by making this simple investment.
Completing Your Outbuilding Arrangement
Determining the best outbuildings for your home requires a bit of guesswork on your part. You should reflect on the lifestyle and interests of the surrounding community, and take a close look at the layout of your home, to determine the best outbuilding for your project. If you have a pool, for example, consider adding a pool house or Bunkie to the backyard to improve upon that feature considerably. If you live near a lake known for good fishing, consider a detached garage and shed that are both big enough to hold gear for an entire family.
If you decide to add another outdoor building or two to your property but don’t want to start from scratch, many companies sell pre-fabricated buildings that require minimal installation.
Outdoor Building Considerations
To keep costs down, and maximize the return on investment, you can perform the install yourself using the construction video as a guide. You will need to set up a foundation, obtain finish materials, such as shingles and stain or paint, and gather your tools before you start building the shed. Take the time to select an ideal location for your outdoor building to accentuate the layout of your property and increase your home value many times over through the years. Make sure to inquire about the need for a building permit in your jurisdiction, though most structures under 110 square feet are exempt from this rule. Also, double check the zoning rules in your area to ensure your selected placement will abide by the regional guidelines