In the middle of a summer heat wave, adding a patio or deck to your home might seem like a waste. However, patios and decks offer significant returns on investment (ROI) if done well. According to LakeMartindock.com, new decks or patios can return 80% to 100% of your investment. Composite decks can deliver an additional 6% ROI over standard wood decks.

ExtraSpace.com notes that a new patio can cost around $5,300, returning over 80% ROI. Refinishing an existing patio for $1,400 can yield nearly 500% ROI. Updating a deck or patio can address safety issues and enhance versatility for gatherings.

Calculating ROI for outdoor projects is challenging due to material grades, design complexity, and site access. Building costs start at $25,000 for small spaces with a patio, pergola, and fire pit. Larger spaces with additional features average $45,000, while high-end projects start at $96,000. Innovations like OLED TVs, smokeless fireplaces, and hot tubs can further enhance these spaces.

ROI improves by solving issues like insects, sun glare, and extreme weather. Solutions include insect repellent systems, retractable screens, heat lamps, cooling misters, and ceiling fans.

Proper scale and light/shade balance may require professional help, especially if planting trees or accommodating play areas. Even existing patios or decks may need remodeling to enhance privacy and space for family and friends. Homebuyers value extended living spaces that are both practical and beautiful.

Outdoor living spaces have grown in popularity. Trends include:

- Indoor comfort outdoors: Extending home style and practicality to outdoor areas.

- Personalized spaces: Unique design elements like custom landscaping and outdoor art.

- Privacy: Privacy walls, vertical gardens, and strategically-placed sitting areas.

- Sustainability: Eco-friendly materials, native plants, and smart technologies.

- Edible gardens: Growing herbs, vegetables, and fruits.

- Year-round usability: Fire pits, heaters, and pergolas.

Landscape lighting, combining uplights and downlights, is essential for beauty and security. Smart cameras and sensors managed by mobile devices are also popular.

Outdoor living spaces now focus on lifestyle, offering benefits like creativity boosts, stress reduction, and improved sleep. Enhancing backyards can provide a new way to enjoy the outdoors and find peace.

Your Berkshire Hathaway HomeServices Colorado Real Estate Forever AgentSM is always here to help with your real estate needs and questions. Call us at 303-905-8850 or visit BHHScore.com