The Simple Outdoor Feature That Can Add Major Value To Your Home

A home's value is dependent on a number of factors that are out of your control, including the current market trends, recently sold homes in your area, and the size of your property. With that said, there are some ways you can increase the home's value. Some of these ideas include changes to your home's interior, such as new cabinets and paint; however, certain lawn and landscaping tips may also boost your property value. Adding an outdoor fire feature is one way you can raise the home's real estate worth, but there are some caveats to keep in mind before you attempt to build one expecting a return on investment (ROI).

Fire pits can be particularly appealing to home buyers with an overall interest in outdoor living spaces. While the exact percentages vary, some estimates have suggested an ROI of up to 78% on these upgrades. Your fire feature addition may bring in a better ROI if fire pits are in demand in your area (a real estate agent can offer these insights). Overall, these elements can cost anywhere between $200 and $5,000, depending on the size, style, custom features, and installation complexity. Before you embark on your project, you should know where to position a fire pit in your yard, how to build it safely, and how to use it as part of a broader staging strategy for your home. 

Whether you are opting for a professional fire pit installation or are looking to create your own affordable DIY fire bowl, there are a few things to keep in mind. First, know that fire pits require fire-resistant bricks on the interior, as well as either brick or concrete wall blocks on their exterior for heat resistance. Never use wood or landscape gravel, as these materials become dangerous when exposed to heat and direct fire. Any new fire pit should be placed 10 feet away or further from your home, as well as any trees or other structures, to prevent potential fire hazards.

Also, there are a few caveats to keep in mind before you invest money into an outdoor fire feature. For one, while the fire pit might make your yard more appealing to prospective home buyers, it's possible that it doesn't make you a profit. So, it's best to have the mindset that you're building the fire pit for the enjoyment of your family and adding to the home's revalue is a potential bonus. If you're getting ready to sell your home, consider how the feature fits into your overall backyard staging strategy. To look inviting to prospective buyers, for example, it can be helpful for the fire pit to look clean and be surrounded with comfortable seating. Likewise, consider implementing decorating tips that help maximize your outdoor living space. Crucially, before building an outdoor fire feature, contact your local building authorities and homeowners' association to make sure the project complies with local regulations.