Does a backyard patio increase home value?
Consequently, how much value does a backyard add?
On average, the cost of building a patio can be as high as $6,400, depending on size and materials used. That said, it's estimated that patios can recover up to $6,525 of the cost to build, which is an ROI of just over 100%.
In this regard, what adds more value to a home a deck or patio?
Patios are generally less expensive than decks, but the ROI on a new deck addition runs greater than one on a patio. However, both additions can offer a great experience depending on what you're looking for.
Having a nice outdoor living space will increase the usable square footage and give someone a great place to entertain, particularly during the warm weather months. By installing a nice patio, deck, or screened in porch, you could add some additional value to your home.