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Old 02-23-2008, 08:20 AM
 
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I am extending our back patio. It should be pretty large when done. Additionally, I am building an outdoor fireplace, BBQ, and some seating walls with columns and lights. I was wondering what the return was on a project like this in the Charlotte area. Is this desirable if and when we sell, and will we get back the money we are putting into it?
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Old 02-23-2008, 08:29 AM
 
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Quote:
Originally Posted by FLtoNC View Post
I am extending our back patio. It should be pretty large when done. Additionally, I am building an outdoor fireplace, BBQ, and some seating walls with columns and lights. I was wondering what the return was on a project like this in the Charlotte area. Is this desirable if and when we sell, and will we get back the money we are putting into it?
That is the number one thing to have now is the outdoor fireplace. Can't see that you would go wrong on an improvement like that.
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Old 02-23-2008, 08:40 AM
 
Location: Way up high
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I wouldn't think so either. In the near future after moving in and getting settled, I'm thinking of doing the same thing (bbq, small frig,sink) and also adding in a hot tub!!
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Old 02-23-2008, 12:47 PM
 
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Quote:
Originally Posted by FLtoNC View Post
I am extending our back patio. It should be pretty large when done. Additionally, I am building an outdoor fireplace, BBQ, and some seating walls with columns and lights. I was wondering what the return was on a project like this in the Charlotte area. Is this desirable if and when we sell, and will we get back the money we are putting into it?
I bet a real estate agent or someone who appraises homes can answer that better.But i dont know if its so much as a return on your investment or just very appealing to someone who is in the market to buy.
I just got my home appraised and of course its lower than i expected for now. But, we spend close to $12k on upgrades,( appl.lighting,more tile in wet areas etc.) Plus a basement for another $15k.My neighbors have non of this, they appraise at the same as ours, even though i put so much more into mine. So i often wonder????
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Old 02-23-2008, 01:46 PM
 
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Depends on what people are willing to pay for, I have a pool 14 X 28 and yet when I put my house up for sale, not everyone was interested in a pool. I say put in what YOU will enjoy, don't worry about what someone else might or might not like, for all you know if you sell, next people could come in and ripe it all out. A case in point, my neighbor loved her hot tub, lived in it every day, she sold the house and within a week, the hottub was gone.
If you will enjoy all the things you want to put in, enjoy them.
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Old 02-23-2008, 03:09 PM
 
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You have additional square footage and theirs still appraised as the same as yours? That doesn't quite seem right.

We are currently finishing our 950 sq. ft. basement. It will be heated sq. ft.

Dawn

Quote:
Originally Posted by Mvn2nc View Post
I bet a real estate agent or someone who appraises homes can answer that better.But i dont know if its so much as a return on your investment or just very appealing to someone who is in the market to buy.
I just got my home appraised and of course its lower than i expected for now. But, we spend close to $12k on upgrades,( appl.lighting,more tile in wet areas etc.) Plus a basement for another $15k.My neighbors have non of this, they appraise at the same as ours, even though i put so much more into mine. So i often wonder????
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Old 02-23-2008, 03:22 PM
 
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It will be beautiful and you will love it! If it adds value, great. If not, you will still enjoy it while you are there.
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Old 02-23-2008, 03:37 PM
 
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We built a deck over our brick patio many years ago, so that we wouldn't have to walk down steps carrying plates. That's not my point here, however. What is importanti s that we use our deck from April until November eating at least one meal a day on it. It's lovely when we have guests as we decorate it with plants and attractive furniture. I'd say go for it. It's one of the best parts of our house.
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Old 02-23-2008, 03:50 PM
 
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Are you for hire?
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Old 02-25-2008, 07:26 AM
 
Location: Charlotte, NC
195 posts, read 481,914 times
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This link may help answer your question...
2007 Cost vs. Value Report
It's about what is appealing to buyers.

You can't really put a dollar amount on something like this, but rather look at it as if you and your neighbor had the same identical home and you have a deck, but neighbor doesn't, yours will most likely sell sooner.
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