PROPERTY: Outdoor Living Spaces Add Real Value
Recent Gauteng Business News
Lapas, patios, stoeps and verandas – all are great places for South Africans to do one of the things they like best, which is spending time outdoors with family and friends.
And that’s why adding a great outdoor living space is one of the best improvements you can make to just about any home, says Berry Everitt, MD of the Chas Everitt International property group.
“However you use it, whether it’s to braai and party on weekends, or drink coffee and watch the sun come up before a busy day, or enjoy a meal on a balmy summer evening, there’s no doubt that when the time comes to sell your home it will also enhance the appeal for potential buyers.”
What is more, he says, you will probably recoup most of what you spent creating it in the sale price of your home. “According to the annual Cost vs Value survey by Remodelling magazine, a homeowner who adds a wooden deck, for example, can expect to get back 72,8% of the cost at resale, which is a much higher return that for a bathroom renovation or the addition of an extra living room, and about the same as for a minor kitchen revamp – all of which would cost far more.
“But you don’t even have to incur the expense of decking to create an attractive space, especially if you are able to do some of the work yourself.”
Writing in the Property Signposts newsletter, Everitt notes that if you have a level space in your backyard, for example, it is relatively simple to lay bricks or concrete pavers to create a patio, under a favourite tree perhaps, or in a sheltered corner where you can enjoy the sun and avoid the wind.
You need about 52 bricks for a square meter of patio, and you can currently buy 1000 clay bricks (almost 20sqm) for about R1200 to R1500, to which you will need to add about R500 for some sand and cement. There is also a very wide range of concrete pavers and flagstones in all sorts of shapes and colours to choose from, or you may prefer to use imprinted concrete.
If you need to create shade, think about gazebos, umbrellas and shadeports as well as thatch lapas. The latter are currently being quoted at around R10 000 to R12 000 for 18sqm and if they adjoin your house you will incur additional insurance costs. A similar size shadeport will cost some R6000 to R7000.
“Meanwhile, if you are lucky enough to already have an undercover patio or veranda, think yourself lucky and make the most of it!”
Business News Sector Tags: Property|