The Australian lifestyle is deeply connected with the outdoors. The mostly sunny and warm climate coupled with a love for barbecues and gatherings make outdoor spaces in the home not just desirable but almost essential. The question for many Australian homeowners, however, is whether investing in a patio or outdoor living space truly enhances the value of their property.
According to numerous real estate agents, the answer is unequivocally yes.
One of the top estate agents in Australia, John Schwarzer of Highland Sutherland Shire and St George, suggests that, since they offer such ease of living without the level of maintenance of inside spaces, outdoor entertaining spaces are now probably the most important part of a home. “All the best-selling properties now have great outdoor entertaining spaces, especially with in-built kitchens, dining and lounging areas,” he says.
Statistics released by Australian Property Investor in 2022 indicate that adding a patio can offer homeowners between 65 – 75% return on their investment. Open Agent on the other hand, suggests a new patio can offer 100% return, while a refurbishment of an existing patio can bring in a massive 500%. The truth is, it’s difficult to quantify the precise return on what you spend when adding a patio so it’s not a decision to make frivolously. It’s important to note too, that carefully selecting who you partner with to build your patio is essential since the quality of the finished product will impact any return.
Your needs and circumstances will of course also influence whether a new patio is right for your home as well as the design of any patio you decide to build. A good rule of thumb is:
1. If you’re living in your forever home (or at least not planning on moving for some time) design your patio on your current and future outdoor lifestyle needs. Keep in mind that your home may be sold or passed onto family in the years ahead. Take resale and ongoing use into consideration, yet make the space something designed to meet your preferences and specifications.
2. If you’re not living in your forever home and are looking to spruce up your property for the best resale, design a patio that will attract and impress your target buyers and act as a true extension of your home.
3. If you’re contemplating a patio for an investment property, consider a design that will yield a higher rental return and differentiates your property from other rentals on the market in your local area.
Continuing from this sound advice, let’s delve deeper into how you can maximise the value and appeal of your patio or outdoor space, irrespective of your specific situation.
Tailoring your patio to the Australian climate
The design of your patio should take into account Australia’s diverse climate. For sunnier areas, incorporating shading solutions such as pergolas and awnings is key. In regions prone to unpredictable weather, consider versatile features like outdoor heaters, a covered section or a fully enclosed patio. Choosing materials that are not only durable but also complement the Australian landscape is vital for both aesthetics and longevity.
The power of a well-planned outdoor kitchen
As John Schwarzer highlighted, outdoor kitchens are becoming a focal point in Australian homes. A well-equipped outdoor kitchen extends the functionality of your patio, making it an ideal space for entertaining. Investing in a servery, quality appliances, ample storage, and weather-resistant materials can significantly enhance the appeal and utility of your outdoor space.
Landscaping and garden integration
A patio should seamlessly blend with its surroundings. Thoughtful landscaping that integrates native plants and sustainable gardening practices can transform your outdoor area into an eco-friendly sanctuary. This not only enhances the beauty of the space but also appeals to the burgeoning segment of environmentally conscious buyers.
Lighting and ambience
Proper lighting can dramatically change the ambience of your outdoor space. Subtle, energy-efficient lighting can create a warm and inviting atmosphere, extending the usability of your patio into the evening. Consider solar-powered options for an eco-friendly and cost-effective solution.
The importance of quality craftsmanship
The craftsmanship of your patio or outdoor space is paramount. High-quality construction not only ensures durability but also adds to the aesthetic appeal. Employing reputable patio builders who understand the nuances of Australian climate and lifestyle can make a significant difference in the overall quality and appeal of your outdoor space.
In essence, whether you are living in your forever home, preparing to sell, or investing in a rental property, a well-designed patio can significantly enhance both the value and enjoyment of your Australian home. It’s a space where memories are made, a haven for relaxation, and a hub for social gatherings. By considering factors such as climate adaptability, functionality, and quality craftsmanship, you can create an outdoor space that not only meets your current needs but also serves as a valuable asset in the future.
After all, in the great Australian tradition of embracing the outdoors, a thoughtfully designed patio or outdoor space is not just an extension of your home, it’s a way of life.
