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August 2019What is a Pergola With a Roof
July 2019Retractable Window Awnings | RetractableAwnings.com Backyard Awning Systems for Home | RetractableAwnings.com
June 2019Retractable Awnings on Food Trucks (Ice Cream Truck) | RetractableAwnings.com Awnings or umbrellas - What's better for home
May 2019How Energy Efficient Window Awnings Can Reduce Solar Heat Perfect Color For Your Commercial Awning: How To Choose It | RetractableAwnings.com
April 2019How To Care For A Fabric Awning: How To Care For Them And Keep Them Good | RetractableAwnings.com Front Door Awning: Benefits Of Using Front Door Awning | RetractableAwnings.com
March 2019How To Protect Your Awnings Patio Covers & Sun Shading - Patio Awning Sun Covers | RetractableAwnings.com
February 2019Canopy Sails - Outdoor Canopy Sunshade Designs | RetractableAwnings.com Pergola Cover Ideas You'll Fall in Love With | RetractableAwnings.com
January 20195 Factors to Consider When Choosing Hotel Awnings for Your Business | RetractableAwnings.com 5 Factors to Consider When Choosing Restaurant Awnings for Your Business | RetractableAwnings.com
December 201810 Things to Consider Before Buying a Retractable Awning or Retractable Pergola The Ultimate Guide to Brick-And-Mortar Store Branding
November 20187 Tips for Getting Your Patio Winter Ready RetractableAwnings.com Nominated for a U.S. Search Award
September 2018Must Read Tips for Throwing an Outdoor Fall Party 9 Covered Patio Ideas to Wow Your Houseguests
August 20185 Key Benefits of a Commercial Awning for Your Business Increase a Home’s Value: Create an Outdoor Room
July 2018A Complete Review of Framed Pergola Material Options Creative Tips to Extend Your Summer Season
April 2018Mix It Up This Summer with These Staycation Ideas Upgrade Your Outdoor Bar with These Brilliant Techniques
March 2018Top 10 Outdoor Living Space Ideas | RetractableAwnings.com Effective Sun Safety Tips for You and Your Family
February 2018Outdoor Spring Cleaning Checklist to Impress Your Guests Get Ready…Two New Awning Products are On the Way!
January 2018RetractableAwnings.com to Attend R+T 2018 in Stuttgart, Germany Build the Ultimate Outdoor Living Space
November 201710 Innovative Tech Tricks for Your Home How To Use Door Awnings for Major Business Wins
October 2017Sunbrella® Fabric for Your Retractable Awning Innovate to Give Your Windows the Royal Treatment
September 20179 Creative Ways Interior Designers Impress Their Clients Designing the Deck of Your Dreams
July 201710 Ways to Protect Your Family from the Summer Sun How to Maximize Your Outdoor Residential Space
June 20175 Ways To Keep A Home Cool During Summer Without Using A/C How To Prepare Your Patio for Hurricane Season | RetractableAwnings.com
May 2017How To Make Your Commercial Storefront Comfortable & Branded 7 Patio Cover Ideas For Your Backyard
April 201711 Steps to Picking the Perfect Retractable Awning for Your Home Energy Saving Tips to Shrink Your Utility Bill
March 2017Retractable vs. Fixed Awnings: Which Is Better? New Website, New Logo, New Products and Special Offer Top 10 Reasons to Buy a Retractable Awning for Your Business
February 2017The Value of Quality Retractable Awning Fabrics How We Stack Up Against the Competition
December 2016Just Ask Us! We Install Worldwide, Protecting You from Any Season! New! Amsterdam Retractable Patio and Deck Pergola Cover System
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Whether you are a designer, an architect, a homeowner, or a homebuyer, the term “outdoor living space” is likely living in the front of your mind. What started off as a buzzworthy bonus feature in a home has quickly grown into a major selling point and a fundamental factor in determining a home’s value. In fact, research from the National Association of REALTORS® makes an extremely strong case for the enormous value in an outdoor room for two critical factors: 1) appeal to buyers and 2) likely added value to a home for resale. Today, we focus not only on the undeniable increase in value that an outdoor room brings to essentially any home, but the vital role an awning plays in that process.
The National Association of REALTORS® teamed up with the National Association of Landscape Professionals (NALP) to identify specific outdoor residential features that are appealing to potential buyers and have the propensity for sellers to recover the cost of the outdoor residential projects upon selling the home. These two factors are critical when assessing the value of a home. While their research focused heavily on landscaping, their findings also revealed that adding the following top-ranked outdoor projects achieved both of those factors:
Since curb appeal is such a critical factor in determining a buyer’s response to a property, real estate professionals consistently recommend improving a home’s curb appeal via adding to or upgrading the outdoor living space. The tried and true real estate adage “a property is only worth what someone is willing to pay” lays the foundation for our findings, let’s dig in.
Trulia, a popular real estate market and listings website, surveyed some of its prominent real estate agents regarding selling prices and outdoor living space. The overwhelming majority stated that adding a covered patio area not only adds to the property’s marketability but can also justify a price increase to the listing. In addition, many agents pointed to the rate at which a home with outdoor living space sells, noting that patio areas can help a home sell much faster.
Adding a retractable awning to your patio area can increase the value of the home for the following reasons:
Increases the amount of usable space in a home
Protect the property’s outside area from sun, UV, glare and heat, wind, rain, snow, and bugs
Keeping the utility bills lower as the temperature in the home is kept cool
Protect against flooring and furniture fading
Add massive curb appeal
Distinguish the property amongst the competition in the neighborhood who lack an outdoor living space
Offer functionality to the outdoor kitchen in any weather
Retractable screens add privacy and wind, rain protection (depending on the fabric and model used) to the outdoor space
Drastically improve the home’s marketability
Cost-effective method of renovation, therefore a bigger return on investment (ROI)
A survey from Reatlor.com points to the fact that a home’s outdoor living space was the most attractive quality in the eyes of a buyer, outranking both general curb appeal and an open floor plan. It is important to note that having a nice patio area or backyard is likely not enough to impact a home’s value. The real value comes in the marketability of a home with a functional, aesthetically-pleasing retractable awning.
Are you and your family looking to sell your home? What meaningful and realistic measures have you taken to increase its resale value? It’s time to consider the addition of a retractable awning in your backyard. Installing a patio awning to your outdoor living space can make all of the difference in the property’s appearance, and more importantly, its value.
Contact our retractable awning experts in the USA or Canada toll free at 866-438-2964 or outside the USA or Canada at (305) 628-2424 or use the live help chat tool for help in selecting a retractable awning that will upgrade the marketability of your home!
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