How Much Value Will a Pergola Add to Your Home?
Enhance Your Outdoor Living Space
Outdoor living has become increasingly popular not only in the warmer climates; but also in the northern states as well. Pergolas are designed to increase the enjoyment and comfort of your outdoor space.
Consider these questions to help you decide if a pergola will be profitable:
Do I really enjoy sitting on my patio any time of the day?
If the answer is yes, then a pergola will be a good option for you. From my first-hand experience, I am always amazed how a pergola can take a traditional patio or backyard and place it in the elite class for comfort and aesthetic appeal. Pergolas create a finishing touch and allow a shaded, open air feel that is comfortable and satisfying.
Will it add value to my home?
Yes, a pergola will add market value to any house. Selling your property within the first year will probably not bring a full return on investment; however it will definitely give you a competitive niche in the market. Since outdoor living has become increasingly popular, the value on properties with a pergola or comfortable outdoor space has been on the rise. A safe gauge for a deck or backyard improvement is about 50% – 80% for your ROI.
What if I sell my house after 2 years?
This is probably the best return on investment because you not only have the opportunity to use it, but you also allow sufficient time for the shrubbery or plants to naturally blend with the pergola. Your best option in this case is building a vinyl pergola that requires very little maintenance and looks like new after it is washed. The finish on a wooden pergola may start to decline after several years of weathering, causing a decrease in value. Since there are many levels of quality material, be careful in choosing your pergola. Remember, cheaper may not always be your best option!