Spring is nearly here across the country and everyone is thinking about their backyards. Reuters recently ran a piece on the value of patios. In the last few years outdoor space has become more and more important to people, especially in Southern California. Here, outdoor space can often serve as additional entertaining and play space year round. Popular additions include landscaping and pergolas as well as outdoor fireplaces, barbecues, and complete summer kitchens. Television and sound systems that can easily be moved to the yard have also become increasingly popular.
Reuters recently ran a piece focusing on the value of patios to homeowners and Rodeo Realty agent Ben Salem was one of the experts they turned to. Ben pointed out that money spent on an outdoor patio doesn’t just provide enjoyment for the owners, it also adds value when it comes time to sell. As Ben told Reuters: “If the patio costs $12,000 to $20,000, you’ll probably get $40,000 back as long as it’s big enough to put some tables and chairs out there.”
The outdoor entertainment area shown above is from Ben’s luxury property listed in Calabasas.