Can A Concrete Patio Boost Your Home's Value? Here's What We Know

As a homeowner, you've probably thought of ways to improve the aesthetic of your home that would also add value. You may have also considered upgrading your backyard space with a cost-effective alternative to a deck. Decks can be expensive, and a cheaper alternative that can be just as beautiful is a concrete patio. If done right, a concrete patio can not only level up your outdoor space, but it might also boost your home's value. You just need to be mindful of a few choices — what types of patios are common to your area, and what design elements will have the best ROI.

We've come a long way from the days of just slapping a slab of concrete down off the back of our homes. Patio design has been elevated to the point of creating not just a place for a table and chairs but full-on outdoor living spaces. There are many ways you can design the perfect concrete patio area that will not only bring joy to you as a homeowner but also add resale value. If done right, you could possibly see a return on investment of well over 50%, possibly even 100%, but the exact payoff is heavily dependent on your chosen style. The first step is to determine the right amount to spend without going too extravagant if you want to make your money back when you go to sell your home. This means you will need to do some research on comparable homes with patios in your neighborhood. After all, you don't want to spend money on a multi-level, stamped cement, covered courtyard if that's not what buyers are looking for in your area.

Adding a concrete patio to your backyard isn't just about creating an enjoyable living area — it can also boost your home's value far more than a gravel patio could. And an important first step is to decide what the function of your patio will be. Is it an outdoor kitchen, a space for a fire pit, or just a spot for sitting outside? Next, take a look at other homes similar in size and value to yours in the area that have patios. How fancy are they, what are the dimensions, and what type of landscaping is involved? Also, make sure that your plan fits the size, style, and environment of your home. Ideally, your patio should feel like an extension of your home and not an awkward addition.

Once you have a general plan, it's time to set a budget. Knowing how much you want to spend on materials, installation, and landscaping will help you get the most for your money. Do you want to use beautiful, stamped concrete patio to elevate your space? Or will a minimalist look be a better fit for your home, neighborhood, and your wallet? Once you've figured out a balance with what design works for your home, what type of patio is desirable in your area, and what features you need in your space you should be ready to build. Mastering this balance is the best way to ensure you've added the most value to your home with your patio project.