Have you been thinking about adding an outdoor kitchen to your home? Once the COVID-19 pandemic happened, we saw a big surge in homeowners enhancing their outdoor living spaces. If you’re going to be stuck at home most of the time, you might as well make the place enjoyable.
Now that the pandemic has started to settle, homeowners still see the benefits of indoor/outdoor living. The big question is: will an outdoor kitchen increase home value? If so, by how much? Let’s take a closer look at the cost and return of outdoor kitchens so you can make an informed decision.
What Is the Average ROI for Outdoor Kitchens?
The return-on-investment for outdoor kitchens changes by year and by area. Some research suggests that outdoor kitchens have a 100%-200% ROI, but that doesn’t take into account the state of the housing market, the types of materials used, the neighborhood the house is in, etc. If you create a neutral outdoor space that appeals to a wide range of people, you’ll likely see a higher ROI than a heavily personalized outdoor kitchen. That doesn’t mean you shouldn’t make it personal; it just means that your decisions impact your future sales potential.
When you work with our outdoor kitchen experts, we can help you select features and design details that yield the biggest bang for your buck.
What Is the Average Cost of an Outdoor Kitchen?
According to HomeAdvisor, the average cost of an outdoor kitchen in 2021 is $5,437 to $21,994. This range varies based on many different factors, including:
- The size of the outdoor kitchen
- Existing features vs. new features being added to the area
- The types of materials used in the outdoor kitchen
- Added elements like seating, storage, outlets, lighting, etc.
- Whether or not there is an existing surface for the kitchen to be built on
- Location (contributes to labor and material costs)
- Design decisions
With so many variables contributing to the price of an outdoor kitchen, the only real way to see the cost is to get an in-person quote. You can discuss your budget and design goals with your outdoor kitchen installer, and then find a balance that works for you.
It’s The Brick Guys offers outdoor kitchen installations, along with several other hardscaping services. If you’d like a quote for your backyard oasis, give us a call at (833) 627-4257.
Use Value vs. Resale Value
There is something to be said about how much value you get from having an outdoor kitchen. Would this significantly improve your quality of life in the summer? Will your family benefit from the bonding you’ll experience outdoors? Can you see yourself smiling every time you look into your beautiful backyard? All of these factors matter.
While you should definitely do your research before making a home improvement, don’t be afraid to do something simply because it brings you joy. Investing in your happiness is just as important making a wise financial decision. It may even be more important. Choose features that will maximize your ROI, but also consider the full picture. The experts here at It’s The Brick Guys will guide you every step of the way.
