Buyers who invest in real estate come in different categories and may have different preferences when deciding what they consider as ‘valuable’. One of those preferences, often overlooked, is outdoor structures: barns and sheds, as well as workshops, stables, water towers, and many more.
If you have large enough outdoor space it’s a pretty good idea to invest in outdoor amenities, especially in rural areas. This investment will pay for itself, since it’ll both speed up the sales process, and you’ll also get a higher value for the property once sold.
People usually focus on indoor features, so when they are preparing a house for sale they do upgrades in the kitchen and spacious layouts, and they try to make a modern bathroom. That is also great for sale, but sometimes the buyer’s focus isn’t on the indoors but on the outdoors.
If you want to find out how to boost your property value with outdoor upgrades, this guideline is just what you need at this moment.
Outdoor Structures in Real Estate – Why They Matter
Did you know that having (or not having) outdoor amenities can make a colossal difference when done properly? An example would be a perfectly built barn; otherwise, beyond just functionality, the structure can also serve almost a decorative piece while still offering practical storage.
There are buyers looking for versatile properties, especially in rural or suburban markets, and additions like this in outdoor structures boost property value.
Did you know that properties with functional outdoor structures have up to 20% higher prices than those without those kind of features, according to a recent housing market report? If you didn’t know this so far, maybe now you are going to reconsider investing in outdoor structures.
It especially applies to areas like Virginia and Pennsylvania, where properties with additional len are common.
Regional Trends Across U.S. States
Real estate has many factors which determine the value of a property. One of those are outdoor structures. But, depending on the area you live in you can expect different types of structures (e.g., workshops, horse barns, storage buildings, water towers, etc.), since the needs and purposes of a certain area may differ greatly based on factors such as climate, temperature, seasons, vegetation, livestock, agriculture, and more.
Kansas is all about agriculture. With barns, storage, and workshops, most KS properties are farm-ready and highly desired. The same can be seen in Iowa, where properties with farm-ready outdoor amenities have a sales advantage when compared to those without them. This assertion is supported by the fact that properties with outdoor facilities in Iowa are 25% more likely to sell within 60 days of listing and an increase in average property value by 20-25%, which is a significant plus.
Arizona, for example, has a more arid climate, and outdoor amenities of choice differ from those in KS or IA. Property buyers in AZ are more interested in ranch-style living, so shaded workshops, stables, and storage sheds are the amenities that are desired by buyers. Even in states such as Pennsylvania and Virginia (particularly in the rural counties), properties with outdoor features will sell faster (20-30% and 30% respectively), as well as have their value increased by an average of 15-20% and 15-25% respectively.
So if you’re in PA or VA and you want to increase the value of your property with outdoor structures, you’ll likely want horse barns and workshops which are quite popular there. If I were you and I were searching for horse barn builders near me, I’d check the Yellow Pages, and Yelp, check with the local business associations, or even opt for referrals (friends, family, neighbors). If all fails, you can always simply use your mobile/PC to find the nearest ones online. When you’ve come across a few, you can pick out one that works best for yourself and your requirements.
Types of Outdoor Structures that Add Value
Horse Barns: This type of outdoor structure is ideal for equestrian enthusiasts. It is also great for property owners who would like to have additional income through boarding services. Horse barns are also great because of their versatility. They can accommodate everything, from livestock to equipment storage, which makes them really useful multi-use spaces.
If you’d like to have such a structure to enhance your outdoors, working with professional builders might be the best option.
Workshops and Sheds: If you love DIY projects or you have a hobby that requires additional storage space, a workshop or a shed is the perfect solution. Both the workshop and shed can be outfitted with electricity, plumbing, and insulation, so they are ready to use year-round.
Storage Buildings: Every homeowner likes to have an outdoor place for extensive outdoor equipment, like lawnmowers, gardening tools, etc. Storage building is spacious and weatherproof, so you can keep valuable items safe from climate impact.
Real Estate Insights for Buyers and Sellers
In order to show the best of your property and all outdoor structures, you should use high-quality images and detailed descriptions. If the buyers have a clear picture of what your property’s outdoor is offering, they can think about have they fit current and future lifestyle plans in that space, and make the best purchase decision.
Also, it would be wise to find real estate experts who have experience in selling properties with outdoor amenities. They are going to suggest consulting with local appraisers familiar with similar structure properties to get a precise valuation.
You don’t want some real estate agent to convince you that your property is worth less or more than it is realistic, because it can slow down the sale or, the worst option, lower your sale profit.
Conclusion
When you’re thinking of outdoor features, you’re looking at things like horse barns or workshops, which are generally meant to increase the sale value of the property but can also be used for their functional purposes. Such improvements are both valuable and practical. In some instances, such additions are the ideal choice because they turn a property around in terms of beauty and market value.
If you’re in real estate, there are massive benefits of really knowing the (somewhat) hidden value in the outdoor structures because it could make a huge difference for your business. There are different additional structures to suit your needs/hobbies; focus on those that work best for your specific property and make the most of it.
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