Hybrid Real Estate
Hybrid Real Estate
Robin Troy, Hybrid Real EstatePhone: (541) 914-0214
Email: [email protected]

Consider an Outdoor Kitchen to Increase Home Value

by Robin Troy 08/22/2021


Photo by Askar Abayev from Pexels

Taking out loans for remodeling is an reinvestment into the largest purchase of a lifetime for many - your home. That's why everyday people are tasked with making informed decisions about the most beneficial way to put hard-earned money to work in their homes. These are questions worth considering before hiring a contractor and writing a check.

  • Which part of the home needs a makeover?
  • How will an upgrade enhance your quality of life experience?
  • How much return on investment will a particular home remodeling project deliver?

One of the possibilities that often flies under the home remodeling radar is an outdoor kitchen. If you make a quick Internet search for Top 10 Home Remodeling lists often include decks, patios and indoor kitchens. However, creating an outdoor kitchen could outpace all of them.

What Is an Outdoor Kitchen?

Outdoor living spaces rank among the top home remodeling investments because they deliver a sound return on investment and leisure benefits. Converting otherwise unused square footage into seasonal or daytime living space easily checks those boxes.

But the same areas that allow homeowners to enjoy the fresh air and spend time with friends and family members remain limited. While property owners often place a gas grill on them to barbecue a light meal, the majority of foods and appliances remain indoors.

An outdoor kitchen involves building countertops, installing a built-in liquid propane or natural gas grill, refrigerator as well as adequate drawer and storage space. An outdoor kitchen utilizes specialized appliances that withstand the elements to create a second complete kitchen.

Benefits of Building an Outdoor Kitchen

A complete kitchen typically provides the following:

  • Ability to prepare and serve any complete meal while enjoying fresh air and sunshine.
  • Enhanced ability to relax in solitude without interruptions or having to go indoors.
  • Increases the total square footage of your usable living space.
  • Increases the resale value of your home.

When homeowners factor in the potential return on investment of an outdoor kitchen, estimates can range from 100-200 percent, according to Forbes. That far exceeds home remodeling projects such as bathrooms, wood flooring or energy-efficient windows.

One of the keys to maximizing return on investment involves creative designs that include stone veneer counters, high-quality stainless steel gas grills, overhangs to protect against inclement weather and the footprint leveraged to prepare food and enjoy them in an informal outdoor dining setting. It may take a little extra effort and some thinking outside the home remodeling box to conclude that an outdoor kitchen delivers everything homeowners desire. Those that make the investment often consider the upgrade a game-changer.

About the Author
Author

Robin Troy

No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That’s where the comparable market analysis, or CMA, can be useful. What is a CMA? The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, zip codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market. How is the CMA created? CMAs are generated by a computer program supplied by your real estate agent’s multiple listing services (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service’s public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer’s agents create them for their buyers so both sides know what current market conditions are for the homes they’re interested in comparing. How accurate are CMAs? The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing – new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person inputting the search parameters to the software as well as the number and type of data fields that are chosen. That means some features may not be included. As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional’s knowledge and advice.
In order to inform you about the current happenings in today's market, I have prepared this comparative market analysis (CMA) especially for you. There are many properties on the market today, and each has different amenities, sizes, and values. By reviewing this CMA, you will have the information needed to price your home in the appropriate range in today's market.

My company is dedicated to maintaining a professional, trustworthy relationship with our clients. One way this can be seen is through this Comparative Market Analysis (CMA) which you hold in your hand. This CMA compiles the most current and accurate information relevant to the sale of your home. Seeing that this is perhaps your most valuable asset, it is imperative that you be equipped with the most complete information possible related to the pricing and marketing of your home.
The real estate market is always changing and as a result, I regularly attend training sessions and events to further my knowledge and be sure that I am focusing on current conditions that affect today's buyers and sellers. This type of training is imperative if I  am to be successful in obtaining top dollar on home sales. My goal is to make sure that I satisfy the special needs of all of my clients and at the same time make the process and transactions go as smoothly as possible
A little info on me:

Licensed since June 1997.

Completed the SRES, & GRI courses as well as the ABR course.

Adept in contract drafting, negotiation, market research.

Small Business owner since 1982

Alumni of SBM (3-year course at LCC Small Business)