Add Value with Help from a Cary Screened In Porch Builder
Adding an outdoor living space to your home is one of the best ways to potentially increase your property’s value. According to Remodeling’s 2022 Cost vs. Value Report, you can expect to recoup 65% of your costs if you build a new wood deck, which makes it one of the best home improvement projects to consider. Obviously, this depends on many factors. But, at the very least, it increases value of your outdoor living. However, decks aren’t your only option. With the help of an experienced Cary screened in porch builder, you can also add a new porch to your home. Here at Structurally Speaking, we design and build enclosed porches that are both beautiful and functional, while also raising your home’s value.
Three Secrets to a Higher ROI for Your Screened-In Porch
If one of your main goals with your new porch is to add value to your home, there are a few things you’ll want to consider. Here are our top three tips to ensure you have a high return on investment (ROI):
- Choose materials carefully. When you build a porch or porch/deck combination space, you’ll want to choose a material that keeps your costs low while also lasting a long time. Pressure-treated pine and composite are both good options, as opposed to pricier options that look beautiful but are a lot more expensive. Fiberglass mesh is the most common type of screen we use for porches, but you have some material options in this category as well.
- Add an outdoor kitchen. One report by Absolute Outdoor Kitchens found that outdoor kitchens have a 100% to 200% ROI, which means your home may actually increase more than you spend on the project.
- Carefully consider how big you want your screened-in porch. A bigger porch can lead to a bigger ROI in some cases, but you don’t want to take up your entire yard with a porch or deck. That’s where an experienced porch designer comes in; an expert can help you determine the best size and shape for your new porch.
We also have one other important tip: hire a professional porch company to build your new outdoor living space. No matter what kind of outdoor living space you’re building, it won’t add value to your home if it isn’t built well.
Benefits to a Higher Home Value (Even if Your Home isn’t on the Market)
By hiring a trusted Cary screened in porch builder like Structurally Speaking, you can get the highest ROI possible when adding a screened-in porch.
But if you don’t plan to sell your home anytime soon, why does this matter?
A higher home value undoubtedly helps you sell a property for more money. It can also help your home sell faster, since buyers love an outdoor living space. However, if you intend to remain living in your home for many years to come, increasing your home value is still beneficial. Here are a few advantages:
- A higher home value means you have more equity, so you may qualify for a larger home equity loan or line of credit if you need one. This kind of property-backed money can make it possible to take on even bigger home improvement projects such as building an addition.
- It may decrease your monthly costs if you no longer need private mortgage insurance (PMI). This insurance is typically required if you had less than 20% for a down payment. The law requires lenders to cancel the PMI payment when your loan reaches 78% of the original value, but if your home appraises for a higher amount, you can cancel your PMI sooner.
- If interest rates are favorable, it may make financial sense to do a cash-out refinance. This puts money directly into your pocket based on how much equity you have, and a lower interest rate can mean lower monthly payments. There’s a lot to consider when it comes to refinancing, including closing costs, so talk to an expert before going down this route!
Of course, this list doesn’t take into account the biggest advantage to an increased home value when you build a porch: you have a new porch to enjoy!
- Enclosed porches often cost more but are usable more days of the year, since you can enjoy your porch in the rain. They also provide shade during the hottest days of the year and protection from bugs.
- If you have a very small backyard, a deck might be the best option, since they typically need less space. You can even consider a floating deck to optimize whatever space you do have available.
- Porches can function as a playroom, kitchen, dining room, living room, and even bedroom during the summer. Decks are not quite as functional.
- Because decks are often simpler projects, they usually do not take as much time to build as a screened-in porch.
The obvious choice? Go for option 3: both! We can design a beautiful screened-in porch that leads out onto your deck. It’s the best of both worlds.
FAQs about Hiring a Cary Screened In Porch Builder
While every home is different, we can answer a few frequently asked questions about hiring a porch designer and builder that are more general. Contact us today for a no-obligation meeting where we’ll answer all your specific questions!
How much does adding a porch cost?
The cost to add a porch depends on a number of factors. For example, are we screening in an existing porch or building one from scratch? How big will your porch be? Do you want two stories? What finishing materials do you want? We talk about budget upfront during our first meeting so you know exactly what your dream porch will cost.
What is the process like?
We start with a free initial consultation to get to know you and your space. Then, we’ll design several options so you can choose the best one for your home. We only start construction after you are 100% happy with the design.
How can I ensure I hire a trustworthy porch company?
Hire a licensed and insured Cary screened in porch builder with great reviews and a portfolio of their work online, like Structurally Speaking. Building a new porch isn’t a job for amateurs. We have decades of experience in this field and would love to speak to you about your project. Click here to learn more.