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Decks: Think of decks as your perfect outdoor lounge area, built with wood or composite materials. They’re great for hosting barbecues, relaxing in the sun, or creating a cozy space connected to your home. Adding a deck can increase home value by up to 60-80% of its cost, especially if it enhances the outdoor living space.
Patio Covers: Want to enjoy your patio rain or shine? Patio covers are the way to go! These structures provide shade and protection, making your outdoor space comfortable and usable all year round. These can provide up to a 50-75% return on investment by improving year-round usability of outdoor spaces.
Gazebos: Gazebos are charming, freestanding structures that provide shade and a spot to relax or entertain. With open sides and a roof, they add a classic, elegant touch to your garden or backyard. While they might not have as high of a direct return, gazebos can boost curb appeal and desirability, which indirectly raises value.
Pergolas: Pergolas are stylish outdoor features with open-roof beams. They create a shaded area, perfect for hanging lights or letting climbing plants grow, turning your patio into a cozy retreat. Pergolas typically add around 50-60% of their cost back in home value. They also enhance outdoor aesthetics and appeal.
Tenant Improvements: Tenant improvements involve customizing commercial or rental spaces to fit your tenant’s business or personal needs. Whether it’s creating new office layouts or updating a rental property, it’s all about making the space work for your tenants. In rental or commercial properties, tenant improvements increase the property’s appeal and rental income potential, indirectly enhancing long-term value.
*These estimates are averages, and actual returns can vary based on quality, design, and the local real estate market.