When it comes to buying a property, there are multiple factors that affect a homebuyer’s decision, including property size, asking price and that all-important location. However, one thing that’s frequently underestimated is the importance of an outdoor space.
Outdoor spaces, like gardens, yards, decking and balconies can all have a huge impact, not only on whether a buyer decides to make an offer and how much they’re prepared to pay, but also on their quality of life long after move-in day.
Health Benefits
There are multiple physical and mental health advantages of having an outdoor space to call your own.
Having a garden, yard or other outdoor space increases opportunities for exercise, which is vital to health. Even a spot of gentle gardening is a great way to stay active and something people of all ages and abilities can take part in.
Spending time in nature has also been shown to lower stress levels, reduce blood pressure and boost mood, improving a person’s overall wellbeing.
Lifestyle Benefits
Homebuyers come with a wide range of existing hobbies and interests and lifestyle expectations, but almost all will see the benefits of having sufficient outdoor space to support their lifestyle.
Maybe your home will appeal to families with young children who are looking for a safe, secure garden for play or animal owners who need an outdoor space to exercise their pets. Perhaps your balcony, or patio would be perfect for a busy couple looking for a low-maintenance outdoor space they can enjoy in the evening or at weekends. Or maybe your large deck or lawned garden would be ideal for garden parties or family get-togethers.
An outdoor space will appeal to a vast range of potential homebuyers, offering endless opportunities for socialising, playing sports, dining al fresco or simply to relax and unwind in.
Social Benefits
Outdoor spaces are perfect for socialising and entertaining guests. This helps people build and maintain friendships and spend quality time with family and loved ones.
Gardens and yards are also a way of households getting to know their neighbours and forging local connections, which is hugely beneficial for helping to create a sense of community, particularly for buyers new to the area.
No matter what the size of the outdoor space on offer, some comfortable seating and cheery festoon lights can brighten even the smallest backyard, balcony or garden and provide an opportunity for social gatherings.
Financial Benefits
Of course, there are obvious financial benefits to a property with an outdoor space, too. Having a garden, yard or other outdoor space can result in higher resale values and increased market appeal, meaning your property is likely to sell quicker and for a higher value than those without any outdoor space to offer buyers.
However, it isn’t enough just to have an outdoor space. In fact, having a neglected outdoor space – particularly if it’s a front yard or garden that can immediately be seen from the street – may even put some buyers off, if it’s looking tired and unloved.
If you’re thinking of putting your house on the market or hoping to boost your property’s resale value then investing some TLC into your home’s outdoor spaces can significantly enhance a property’s attractiveness and value.
