Outdoor Kitchens - Quicken Loans Zing BlogOne of the most popular renovation areas in the home is the kitchen. On average, most can catch a return on investment (ROI) of as much as 70–80%. Seems like a pretty decent return, but what if you’ve been thinking about building an outdoor kitchen? Can you expect the same results?

MSN real estate experts suggest that building an outdoor kitchen can get you about the same if not more return on investment. Other experts suggest you can get more for your money; Absolute Outdoor Kitchens adds that CNN Money suggested that some outdoor kitchens can fetch a 100–200% ROI.

But there are exceptions to the rules and if you want to get that much ROI on your outdoor kitchen renovation then you have to consider a few things.

What’s the Climate Like Where You Live?

Where you live will determine how often you can use your outdoor kitchen. Building one for a home in the New England area might not make as much sense as adding one to a home in the southwestern U.S.

That being said, you can make adjustments and add features, like fireplaces or coverings, to extend the use of your outdoor kitchen into the colder months.  However, these things might mean you’ll also have to pitch in extra money as well.

How Big Do You Want Your Outdoor Kitchen to Be?

Think about how your new space fits into your home and lifestyle because it can impact how much money you’ll put into your outdoor kitchen. You should sit down and plan out your space with an expert. They can help you figure out the best plan that fits your needs and budget.

What Kind of Materials Do You Plan to Use?

Since this kitchen lives outdoors, you’ll want to use quality materials that can withstand any type of weather. The last thing you need is for it to fall to pieces in the next rainstorm because you skimped on materials.

Don’t forget to ask about using recycled building materials in your design. It helps keep them out of landfills and might save you a little money.

Do You Plan to Run Plumbing Lines?

Having a water or gas line incorporated into your design is convenient, but keep in mind that sometimes plumbing can get expensive – especially if your outdoor kitchen isn’t right next to the house. Price out options to see what fits into your budget and really think about if it’s a necessity.

What Kind of Additional Features Do You Want?

Once you figure out your budget and what essential features you want, maybe you’ll have a little extra cash to play with. Think about items that might enhance your space: landscaping, electronics, appliances, brick pizza oven, lighting or anything else you can think of. This is the time to splurge a little on the things you want.

You certainly don’t have to go big like MTV Cribs, but if you spend a little bit of extra money to get quality materials, you not only get an additional space at home to spend with your family, you also may add an extra room to your home.

Plus, if you get all the bells and whistles with your outdoor kitchen, your real estate agent may be able to add it as an additional kitchen space to your listing – increasing your home’s value.

Outdoor kitchens can be a great investment opportunity for your home – not to mention they provide additional living space and an awesome place to host your next party. Before you jump on the outdoor kitchen bandwagon consider the points above, and if it makes sense for your home talk to an expert to create a plan that fits your needs and budget.

Have you been thinking about adding an outdoor kitchen to your home? Do you already have one? We want to hear from you. Leave us a comment below!

 

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This Post Has One Comment

  1. Great article, I would agree, Outdoor Kitchens are a fantastic addition to any home. We design and build high end outdoor kitchens everyday. I love my outdoor kitchen with wood fired pizza oven, grill, sink, tons of counterspace and a bar! Nothing like entertaining our friends and family in an outdoor kitchen.

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