Outdoor Living Trends

 Four Outdoor Living Space Trends Worth the ROI for Rental Property Owners

There's no doubt about it – outdoor living spaces are popular. According to a study by the National Association of Home Builders, nearly three-quarters of homeowners want an outdoor space that they can use all year round. And for rental property owners, that's good news!

A well-designed and well-maintained outdoor living space can add value to your property and may even increase demand from potential tenants. Let us look at the top trends in outdoor living spaces and whether they're worth the investment for rental property owners.

- Decks and patios

Decks and patios are a great way to add value to your rental property. Not only do they provide tenants with additional living space, but they can also be used for entertaining or simply relaxing outdoors. If you're considering adding a deck or patio to your rental property, be sure to choose materials that are durable and easy to maintain.

- Pergolas

Pergolas are a popular trend in outdoor living spaces. They provide shade and can be used to create an intimate outdoor space for entertaining or relaxing. However, pergolas can be expensive to install and maintain, so they may not be the best option for every rental property owner.

- Fire pits

Fire pits are another popular trend in outdoor living spaces. They can be used for entertaining or simply for relaxing outdoors. However, fire pits can be expensive to install and maintain, and they may also increase your insurance premiums. So, before you add a fire pit to your rental property, be sure to weigh the costs and benefits carefully.

- Outdoor kitchens

Outdoor kitchens are a great way to add value to your rental property. They provide tenants with additional living space and can be used for entertaining or simply relaxing outdoors. However, outdoor kitchens can be expensive to install and maintain, so they may not be the best option for every rental property owner.

As you can see, there are many trends in outdoor living spaces that can add value to your rental property. But, as with any investment, it's important to weigh the costs and benefits carefully before you make a decision.