How Much Does an Outdoor Kitchen Increase Your Home Value?
When you add an outdoor kitchen to your home, it makes entertaining easy, it looks fantastic, and your guests will adore it, too. Another added benefit? An outdoor kitchen can increase the value of your home. If you’re in the market for a gorgeous, custom outdoor kitchen that you and your family will enjoy for years to come, you might be bumping up your home’s value in the meantime. Let’s take a look to see what kind of return on investment you might expect.
Benefits of an Outdoor Kitchen
For those who live in warm-weather climates, where cold temps and snow don’t work against your entertaining plans and drive you into the house for your gatherings, outdoor kitchens are excellent upgrades that will get year-round use. Forget stuffing everyone into your house — outdoor kitchens bring the party outside. And best yet, depending on your setup, you don’t have to ditch your friends to go grab more food or equipment from your indoor kitchen. It’s all right there.
Other benefits of an outdoor kitchen aren’t always super obvious, though. Yes, you’ll enjoy your outdoor cooking and dining area for years to come, but while you’re entertaining your guests, your outdoor kitchen will actually add to your home’s value. When thinking about home values, you tend to only consider what’s going on inside the house, but the outdoor parts of your property can bring up values too — and sometimes in a big way.
How Much Value Can an Outdoor Kitchen Add?
That being said, can we put a dollar sign on this increased value? Well, not exactly. For starters, there are infinite ways to create an outdoor kitchen, from basic and awesome to complete luxury. The dollar amount you spend varies widely, as you may opt for different types of grill setups, for example, which will alter your up-front costs.
The return on investment (ROI) can also vary. Some estimates say that you’ll get around a 55 percent ROI on your outdoor kitchen, but others say that a 100 (or even 200) percent ROI is possible, depending on the needs (or wants) of your buyer.
However, it can be said that an attractive outdoor living space, including an outdoor kitchen, will likely raise the value of your home. If you and your family thoroughly enjoy your outdoor kitchen for a decade, and then get at least 55 percent of its value back when you sell your home to move on to your next adventures, then that’s well worth it. If you get the entire value, or double that, then that’s just icing on the cake.
Outdoor kitchens are another way to utilize your outdoor space, especially if you can use that space all year long. Barbecues, birthday parties and shindigs will be so much more delightful if you can head outdoors with your party, cook a meal in your amazing outdoor kitchen, and keep up with your friends and families the whole time you’re creating your dinnertime masterpiece.