When it comes to property, every Aussie knows that location, location, location is key. But what about the backyard? As the saying goes, "a picture tells a thousand words," and in the case of a backyard, it could be worth a lot more than that. But does an outdoor living space add value to your home? Let's take a look at the research.
The Great Aussie Dream
For many Aussies, owning a home is the great Australian dream. And what's not to love about it? You've got your own slice of paradise, a place to call your own, and a backyard for barbecues and beers with mates. But, as any savvy property investor knows, it's not just about the dream – it's about the dollars and cents too. So, how can you add value to your home? Well, it's time to roll up your sleeves and give your backyard a makeover.
The Great Outdoors
An outdoor living space can add real value to your home. It's no secret that Aussies love the great outdoors, and a backyard that's designed for entertaining and relaxing is a huge drawcard for potential buyers. That's an extra $60,000 on a $500,000 property! And, with the average backyard makeover cost around $30,000, it's a solid investment that will pay off in the long run.
But it's not just about adding value to your home. A well-designed outdoor living space can also increase the amount of time you spend at home. A study by the University of Queensland found that people who have access to green spaces, such as a backyard, are happier and more satisfied with their lives. So, not only will a backyard makeover add value to your home, but it will also make you happier!
Designing Your Dream Outdoor Living Space
Now that you know an outdoor living space can add value to your home, it's time to start designing your dream backyard. But where do you start? Here are some expert tips to help you create an outdoor living space that will add value to your home:
Keep it simple
A simple design is easy to maintain and will appeal to a wide range of buyers.
Think about functionality: An outdoor living space should be designed for entertaining and relaxing. So, include a BBQ area, seating, and a shade sail.
Add some greenery
Plants and trees will add colour and life to your backyard.
Make it low maintenance
A backyard that's easy to maintain will appeal to buyers who don't want to spend their weekends mowing the lawn.
Consider lighting
Outdoor lighting will create a warm and inviting atmosphere in your backyard.
Add a focal point
A feature such as a water feature or a fire pit will add interest and make your backyard stand out.
Invest in quality materials
Using high-quality materials will ensure your backyard looks great for years to come.
Get the right advice
Consult with a landscaper or designer to ensure your backyard is designed to add value to your home.
Frequently Asked Questions
How much does it typically cost to create an outdoor living space?
The average cost of a backyard makeover is around $30,000, but it can vary depending on the size and complexity of the project.
Will an outdoor living space only appeal to buyers with families?
No, well-designed outdoor living space can appeal to a wide range of buyers, including singles and couples without children.
Can an outdoor living space increase the amount of time I spend at home?
Yes, a study by the University of Queensland found that people who have access to green spaces, such as a backyard, are happier and more satisfied with their lives.
How do I ensure my outdoor living space is designed to add value to my home?
Consult with a landscaper or designer to ensure your backyard is designed to add value to your home. They will be able to give you expert advice on how to create a functional and visually appealing outdoor living space.
The Bottom Line:
In conclusion, outdoor living space can add real value to your home. Not only will it increase the value of your property, but it will also increase your happiness and satisfaction with your home. So, next time you're thinking about selling your home or just want to improve your living space, consider investing in a backyard makeover. And remember, a little bit of TLC in the backyard can go a long way to creating a backyard oasis that will bring a smile to your dial and dollars to your pocket.
