Outdoor living space addition

It will add a significant value to your home in "buyers eyes".

It will add almost nothing in value in "mortgage company" eyes.

So you will likely need a buyer with enough cash to pay over and above the appraised value of the home.

It stinks.

I did the same thing and have LOVED my outdoor addition and use it all the time. (Over the last 8 years)

But when appraisal time comes....zip. I found this out when we refinanced our home to get a much lower rate a few years back.

quote:

---

Has anyone had experience with an outdoor home addition ?

---

I'm currently doing one right now and my budget is about the same as yours. Approximately 700 sq ft of stamped and stained concrete, a portion of it will be covered with an 16x20 insulated patio with recessed lighting and fans, and the other part will consist of an L-shaped outdoor kitchen with a split bar with some additional seating and about a 12x20 pergola will be sitting over this part.

I'm building the kitchen and putting up the pergola myself. Everything else I'll be hiring a contractor. I'm doing this project for my family's and I personal enjoyment and not really for an investment. We have a big backyard and we rarely utilize it. So, this project will allow us to add more useable space for whenever we entertain folks or just want to sit outside comfortably and watch nature pass by.

just get some of those accordion doors and central air the place, and call it living space. Its hard to spend money on things like that, but some spend 50k on a suv no problem.

quote:

---

baldona

---

quote:

---

Given that, it can certainly help your house sell faster and help your house sell at the top end of the price per square foot in your neighborhood.

---

Keep in mind there's a tipping point where your ROI from strictly a home value standpoint begins to diminish. It's the White Elephant Property theory.

Sort've like deciding to add a 2nd story to your home when you live in a neighborhood of single-story houses, or build a pool in a neighborhood where you'll be the only with a pool. On the surface, these are things that will certainly add value to your home and increase the appraised value.

But when it comes time to list and sell, potential buyers don't want to buy a house with a pool in a neighborhood full of houses without pools. Likewise, they prefer to buy a two-story house in a neighborhood that has plenty of two-story homes in it already. That's not to say you won't get value out of a pool, or an addition to make your home two-stories.

Just don't expect out what you put in. Especially if your home is the only one in the neighborhood with that level or extent of amenities.

Now for kitchen and bath remodels or expansions? Katie bar the door. Those are almost always worth their weight unless you try to do something ridiculous.