Do outdoor kitchens increase the value of a home? Outdoor kitchens have recently become one of the most fashionable house upgrades. Depending on their amenities, their prices can range from lavish, fully-stocked professional kitchens to basic grills with counters.
- Furthermore, outdoor kitchens are highly desirable for those who prefer hosting events or simply spending as much time as possible outdoors.
- Despite its appeal, you may question if outdoor kitchens truly increase the value of your house.
- Outdoor kitchens give one of the best returns on investment of any home renovation project, which is fantastic news for homeowners.
In fact, most estimates place the return on outdoor kitchens between 100 and 200 percent. This implies that for the majority of outdoor kitchens, homeowners should expect to recoup at least their initial investment when they sell their house.
Does an outdoor kitchen boost the value of your home?
If you’ve ever considered improving your backyard, you may have heard of outdoor kitchens. According to BBQGuys, this design element has lately gained appeal, particularly in regions with warm climates. According to Forbes, the increased interest may be a result of COVID-19, which has prompted individuals to desire to personalize their homes.
Pipas Imagery/Shutterstock Outdoor kitchen adjacent to pool An outdoor kitchen might be a wonderful area for entertaining visitors. Additionally, it might greatly enhance your quality of life and reduce your summer energy expenditures because you would use your hot stove less. And if you dislike how food odors linger inside your home, you would no longer be faced with this issue.
Additionally, this amenity would increase the value of your property. Find out how much an outdoor kitchen may boost the value of your house below. You will also receive advice on determining whether or not you should utilize this premium function.
Choosing An Outdoor Kitchen – Ozgur Coskun/Shutterstock Outdoor kitchen with sink When determining whether or not to create an outdoor kitchen, your lifestyle should be the most significant aspect. Would you and your loved ones enjoy this area? If not, you should refrain from adding one to your property.
Budget is another thing to consider. If you do not have a large budget and are not adept with tools, you should generally avoid installing one. According to HomeLight, 70% of your money will likely be devoted completely to labor expenditures. According to Angi, the average cost of an outdoor kitchen ranges from $5,000 to $23,000.
Landscaping Network adds that if you choose to include the most luxurious elements, the price might reach around $100,000. However, if you enjoy home improvement jobs, you might save money by installing one yourself. Rocket Homes provides instructions for building an outdoor kitchen.
How much value can a kitchen renovation recover?
Value Enhancement Revealed – tokar/Shutterstock Large outdoor kitchen with table There are conflicting viewpoints regarding the extra value to your house. According to Texas Outdoor Oasis, a research done by Absolute Outdoor Kitchens indicated that the addition of an outdoor kitchen might enhance your return on investment by between 100 and 200 percent.
In other words, for the majority of homeowners, investing in an outdoor kitchen should result in a return on investment, and perhaps even a profit. Load Error According to a separate research undertaken by the National Association of REALTORS (NAR), the average value recovered was in fact 71%. Nevertheless, this is a decent return on investment; according to Ramsey, the national average value recovered for a significant kitchen makeover is 54%.
However, it is not a smart idea to add an outdoor kitchen in order to increase your home’s resale value because you will likely not recoup all of your investment. According to the same NAR report, just 1% of Realtors recommend constructing an outdoor kitchen prior to selling a house.