One of the most commonly asked questions clients have regarding adding a new screened porch or patio, is whether it will add value to their home. The correct answer to this question is yes, a screened porch will add value to your home — but in more ways than you may imagine…
Join Archadeck of Northeast Dallas-Southlake as we discuss the nuances of the value-added benefits of building a new porch for your Dallas or Southlake-area home.
Are screened porches or patios included in the square footage of your home?
A porch is a great way to add livable square footage to your home. Though screened porches are typically not included in the appraised square footage of your home, they do add value. A screened porch can be a very worthy investment for your Dallas-area home.
Screened porch return on investment
The return on investment (ROI) of a screened porch or patio varies based on geographic location. For instance, the return on investment of a porch in colder climates will typically be lower than the return on investment in mild climates. On average, you can expect about an 84% return on investment for a screened room addition. If your screened porch investment is $20,000, you will see an average return of $16,800.
How do screened porches add value? Answer: Neighborhood comps.
Depending on your neighborhood’s comps (or comparable standards), a screened porch or patio can be an expected valuable addition. Do your neighbors have custom porches? Will homebuyers expect your home to have a screened porch should you decide to sell your home, based on other homes’ outdoor amenities in your neighborhood? A screened porch that is built to the standards of other homes in your neighborhood or within your community will add maximum resale value if you do indeed sell your home.
Adding a screened porch that far exceeds others in your neighborhood will not give you as great a return. You must decide whether you are building your porch to your standards, and the way you want to live, not for the return on investment. On the flip side, if you do decide to sell your home, it only takes one like-minded buyer to appreciate your custom porch upgrades. Your screened porch could be so fabulous and unexpected, that it tips the scale for homebuyers, who are seeking luxury.
How do screened porches add value to a home? Anwer: Value-added outdoor living.
At Archadeck of Northeast Dallas-Southlake, we know that screened porches add value to the way you live at home. Adding an outdoor living space, which is open, yet protected from the elements and insects adds tremendous value to the way you enjoy the outdoors. When asking the question, do porches add value to a home, consider the way you want to enjoy your porch. You truly cannot put a price tag on enhanced outdoor living enjoyment!