How Much Does An Outdoor Kitchen Add to Home Value?
Outdoor Kitchens continue to grow in popularity, and experts in the space believe that an outdoor kitchen significantly increases the value of a home. A study from Absolute Outdoor Kitchens found homes with an outdoor kitchen see an ROI of between 100% and 200% than homes without. Therefore, outdoor kitchens add significant value to the home. Read on to learn more.
Frequently Asked Question:
How Much Does an Outdoor Kitchen Cost?
The cost will depend on materials selected for your outdoor kitchen cabinets, size and appliances to go with your outdoor kitchen. The cost will vary based on how extravagant you want it to be.
If the idea of adding an outdoor kitchen to your own home seems financially daunting, you’re not alone in your thinking. It can be expensive to build an outdoor kitchen and it may leave you wondering if the return on investment is worth it? Regardless of the outdoor kitchen cost, it is well worth the investment. Here are three reasons why we think so.
1. Your Investing – It Increases the Value of Your Home
In a recent survey done by Casual Living Magazine, 49% of homeowners have already added outdoor living and a cooking area to their home. In addition, of the people who stated that they did not have an outdoor kitchen, about 25% said that they were anticipating adding one within a year.
The outdoor kitchen trend is on the rise, and not going away anytime soon. By investing in an outdoor kitchen, you’ll put your home in line with the latest in kitchen remodels, and position yourself favorably in a fickle real estate market, and improve the resale value of your house down the road. In fact, a survey by the National Association of Realtors revealed that more than than half of home buyers would be willing to pay a premium price for a house with an outdoor living area.
In addition, according to a quote from Absolute Outdoor Kitchen’s Buyer Guide, “CNN Money, About.com and Remodeling Magazine support that outdoor kitchens nationally return 100% to 200% of the improvement cost,” adding that, “As with any home improvement, the ROI formula works providing you design and build a kitchen that is proportional to the home value and location.”
This of course depends largely on the climate in which the property is located. For example, warmer areas tend to see a higher ROI than colder areas although recently, even outdoor kitchens in cold climates are gaining in popularity. Another factor in this is the quality of the materials that are used to build the outdoor kitchen.
2. Increase the Size of Your Home – Outdoors
Your kitchen (and outdoor entertaining space) will increase in size. Think of all the times you’ve thought to yourself how nice it would be to have a larger kitchen to cook, spend time with family and friends, and entertain in. While you could easily invest money in remodeling or expanding your home’s indoor kitchen, choosing to build an outdoor kitchen is actually a more cost effective option.
Part of the reason that backyard kitchens are becoming so popular is because they expand the size of your home (and essentially increase your kitchen size). When you invest in an outdoor kitchen, you are building a new room – a room that’s outdoors, but still a fully functional space to eat, play and relax in your home. Why run in and out of the house when you can move everything you need outdoors?
And if you like to entertain, an outdoor kitchen won’t only expand your outdoor space – it will also impress your guests! By way of return on investment, your new outdoor kitchen can serve as a form of social currency – hosting dinner and events at your own home suddenly becomes more appealing than dining out. And you may experience some positive financial returns from that turn of events as well!
3. Improve Your Health and Wellness
One of the best reasons to invest in an outdoor kitchen is that you’ll end up investing in your own wellness, as well as the wellness of your family! When you build an outdoor kitchen in your home, you’re building an opportunity to spend more time outdoors, and all the healthy benefits that accompany it.
When you spend more time outdoors with the help of your new kitchen, you can experience scientifically proven benefits, such as improved memory and concentration, restored mental energy, reduced stress levels, sharper thinking and creativity, and more. And isn’t your own health and livelihood the most important thing you can invest in?
While the cost of an outdoor kitchen requires at least a few thousand dollars to build, investing in an outdoor kitchen, will pay off exponentially in the future. But, it is important to remember that if you are going to invest in an outdoor kitchen, you need to ensure it is built correctly and with quality materials. Including stainless steel kitchen cabinets, granite or Dekton countertops, and amenities like a wet bar or grill in your outdoor kitchen will even further elevate your backyard living space.
Brown Jordan Outdoor Kitchens offers premiere stainless steel materials to create luxury outdoor kitchen designs. Our outdoor living options are designed and engineered to provide you not only with returns on home value, but fun, comfort, and endless entertainment as well.
Ready to invest in your own outdoor kitchen?