Backyard Renovations Ranked by ROI

For many, backyards can be a place of comfort and peace, a place to retreat to when the hectic energy of your house gets to be too much. And as important as the front and curb appeal is, the back exterior plays an important role in the value of your home.

Your backyard can essentially add square footage to your home and draw in buyers envisioning a lifestyle. Depending on the project you had in mind, some backyard renovations can bring in a return as high as 200%. We ranked the list of backyard renovations from highest to lowest return on investment (ROI).

backyard renovations by roi

Outdoor Kitchen: 100-200%

outdoor kitchen

Adding an outdoor kitchen has an average ROI of 100-200%. The luxury of having an outdoor kitchen allows you to have great outdoor dining space only footsteps away. If you enjoy entertaining and cooking, especially in the summer months, having an outdoor kitchen is an ideal renovation project. While having the highest ROI, this project is also ONE of the costliest, starting anywhere from 2K all the way up to 100K for top of the line appliances and more durable equipment.

Fire Pit: 150%

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According to the American Society of Landscape Architects, fire pits are ONE of the most requested items by owners today. Creating a fire pit, especially in the backyard, is a way to provide additional entertainment space adds Holly Henbest. Adding a portable fire pit can see an average ROI of 150%. Make sure it blends in with the landscape and there’s plenty of seating around so you can enjoy a comfortable outdoor space all year long.

Exterior Lighting: 50%

Patio: 30-60%

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While it yields a lower ROI, additions to the patio can help to change the mood and aesthetic of a backyard. The benefits of a patio are numerous, from having a place to enjoy the sun or for weekend entertaining purposes. Patios that see the biggest return on investment are ones that take in regard the proportion of the home and the land itself. It should be a balancing act so, that the patio doesn’t overtake the rest of the home.

Plants and Fixtures: $200

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If you’re looking for an easier project that doesn’t involve a high degree of planning, adding plants or fixtures is the equivalent of throwing a fresh coat of paint on the walls. It freshens up the space and adds points of visual interest to the area.

If you’re seriously considering renovating your backyard, give me a call to see what works best for your neighborhood – J.P. Cook – 602-320-4253.

Source:  http://blog.realtyonegroup.com/backyard-renovations-roi/

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2915 W Meadow Drive Phoenix, AZ 85053

$460,000
2 Beds
2 Baths
1,307 SqFt
Status Active
MLS # 6681118
Property Type Single Family Residence
Price Type --
Discover the ultimate haven for your entrepreneurial ambitions! This remarkable property presents a haven for business owners seeking ample space for trucks and equipment. A standout feature is the expansive 5-car garage accompanied by a colossal workshop, meticulously designed to accommodate your professional needs. Located proximate to the bustling arteries of I-17 and Bell Road, accessibility to the entirety of the valley is seamlessly facilitated, ensuring your business ventures thrive with unparalleled convenience. Step into the expansive garage, where the possibilities are endless. Whether you're a contractor, landscaper, or tradesperson, this space offers the ideal canvas for storing your fleet of vehicles and equipment securely. Imagine the ease of access as you navigate your trucks in and out, with ample room to maneuver and organize your tools for maximum efficiency. But the true crown jewel of this property lies within its vast workshop. Here, craftsmanship meets functionality in a space that is primed for productivity. With towering ceilings and an abundance of natural light, this workshop invites creativity and innovation to flourish. Whether you're tinkering with machinery, crafting custom pieces, or conducting repairs, this expansive area provides the perfect environment to bring your visions to life. Strategically positioned near the intersection of I-17 and Bell Road, this property offers unparalleled connectivity to key transportation routes. This strategic location not only streamlines your daily commute but also enhances the accessibility of your business to clients and suppliers across the valley. Say goodbye to lengthy travel times and hello to newfound efficiency as you navigate the thriving landscape of the local market. While the focus may be on the outbuildings, it's essential not to overlook the charm and comfort offered by the main residence. With its inviting ambiance and modern amenities, this home provides a sanctuary where you can recharge and rejuvenate after a day of hard work. From spacious living areas to a well-appointed kitchen, every detail has been thoughtfully crafted to ensure your utmost comfort and satisfaction. In conclusion, this property represents more than just a place to call home - it's a gateway to endless possibilities and boundless opportunities. With its unparalleled combination of practicality, convenience, and potential, it stands as a testament to the entrepreneurial spirit that thrives within us all. Don't miss your chance to make your mark in the heart of the valley.

9750 N Monterey Drive Fountain Hills, AZ 85268

$460,000
3 Beds
2 Baths
1,439 SqFt
Status Active
MLS # 6678169
Property Type Apartment
Price Type --
This immaculate home is waiting for you to move in and call it your own. The open floor plan of the great room with vaulted ceilings adds to the comfortable and classy atmosphere of this home. With 3 bedrooms and 2 full baths, this home provides a welcoming and spacious feel. The kitchen boasts Stainless appliances with plenty of counter space, perfect for preparing meals. Each bedroom offers access to a patio, making it easy to enjoy outdoor living space. Recent updates, such as the Master Bathroom, Air Conditioner 2021, Appliances, flooring, and Custom closets enhance the turnkey perfection of this exceptional property. The detached 1-car garage comes equipped with shelving for storage convenience. As part of the community, you can also take advantage of the heated pool and spa.

12845 W Aster Drive El Mirage, AZ 85335

$460,000
3 Beds
2 Baths
1,972 SqFt
Status Active
MLS # 6675957
Property Type Single Family Residence
Price Type --
Don't miss this beautifully maintained 3 bedroom, 2 bath home! As you enter you'll be greeted by an inviting foyer that leads to a spacious open floor plan filled with soaring vaulted ceilings, a trending palette, plantation shutters throughout, tile/wood-look flooring, a media niche, and a cozy fireplace. The large kitchen is equipped with ample cabinetry, recessed lighting, matching appliances, pantry, and a large center island with breakfast bar seating for added convenience. Oversized primary retreat with a private ensuite bathroom with dual vanities, a separate tub and shower, and a walk-in closet. The tranquil backyard lets you relax under the large covered patio. Perfect location - close to shopping, freeway access, and restaurants. Make this your dream home today

16520 W Flora Lane Surprise, AZ 85387

$460,000
2 Beds
2 Baths
1,930 SqFt
Status Active
MLS # 6677899
Property Type Single Family Residence
Price Type --
The Grand awaits! This Gorgeous Valencia II model has been meticulously cared for and shows true pride in ownership. This one-owner home is the definition of Turn-Key and shows beautifully, offering 2 bedrooms, 2 bathrooms, plus a Den/Office. Key features include a gated front courtyard with water feature, Brand New interior paint, tile all throughout, Solar Tubes, sliding cabinet shelves in the kitchen, Corian counters, kitchen island and breakfast bar, tile backsplash, hot water heater re-circulator for instant hot water, cabinets in Laundry and Garage, extended rear covered patio with added Pony wall and Fire pit, and so much more! This isn't just a home, it's a lifestyle of refined comfort. The Grand is one of the top Adult communities in the U.S. and features 4 18-Hole Championship Courses, Fitness Center, Day Spa, pickleball and tennis courts, multiple swimming pools, dog parks, a softball field and over 80 clubs and special interest groups, plus entertainment venues that feature local and international performers. Join The Grand.

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