The short answer is yes.
Decorative concrete can add value to your home, in some cases, it's a significant increase. Of course, your home value is determined by a variety of factors, but decorative concrete compared to traditional concrete makes a difference in property value.
In this article, we walk you through the impacts decorative concrete can have on your property's resale value.
How much will decorative concrete increase the value of your home?
Adding stamped concrete, a jewel stone concrete overlay, or a limestone finish, whatever decorative concrete surface you decide on has the potential to increase your resale value.
Whether the intention is to upgrade your property with the intent to sell, or you are looking for a stunning space for your own enjoyment, homeowners have seen their properties sell for between 15% and 25% more than comparable properties.
Is decorative concrete the right choice for your property?
No doubt stamped concrete or jewel stone increases your property and has an impact on your home value. That being said, if the exterior of your home needs work there's only so much an upgrade like this can do.
Most homeowners enjoy the low-maintenance nature of decorative concrete, it's cost-effective in the long run and is attractive for a prospective buyer. This type of concrete is also ideal for both interior and exterior surfaces and looks just as spectacular on garage floors as it does on pool decks or walkways.
Why does decorative concrete increase the value of my home?
The impact of decorative concrete on home value can vary depending on several factors, including the type of decorative concrete used. The overall aesthetic appeal and the preferences of potential buyers in the local real estate market should also be taken into account. Here are some additional considerations:
The curb appeal
Decorative concrete, when well-designed and installed, can significantly enhance the curb appeal of your home. This can make a positive first impression on potential buyers, and first impressions go a long way.
Durability and low maintenance
Decorative concrete has high durability, cracks less, requires less repair, and gives your home life for many years more than a traditional concrete surface. It's so popular that a lot of commercial properties often take this route due to the many benefits you get from decorative concrete surfaces.
Customization
Decorative concrete has a lot of flexibility and can be customized to suit all kinds of spaces. If you want to beautify your backyard, upgrade your porch and entry stairs, or update your driveway, whatever the idea, a good decorative concrete contractor will find a solution to make it fit with its surroundings.
Real estate market trends
Concrete overlays have become one of the most popular patio and deck solutions across North America. In comparison to brick pavers and stone installation, homeowners are finding they can have that luxury look and feel at a fraction of the price.
What are the main factors that increase the value of your home?
Several factors contribute to the increasing value of your property. Although upgrading and modernizing the exterior of your property can make a difference, there are other aspects that you need to consider.
Here are just a few that make an impact on the value of your home:
Location
Condition of the home
Neighbourhood
Upgrades & modernization
Size of the home
Age of the home
Home Additions
Remember that the impact of each factor can vary based on location and market conditions. Before making significant changes or improvements, it's a good idea to research and understand the preferences and priorities of homebuyers in your specific area.
Consulting with a local real estate professional, such as Toronto rental agent Marco Pedri, can provide valuable insights tailored to your market
Which exterior areas of my property add the most value?
The value added by exterior areas of a property can vary based on factors such as location, climate, and individual preferences. However, several common exterior areas tend to add value to a property:
Patios
A well-designed patio, deck, or outdoor kitchen can add value by extending your living space to the outdoors. These areas are particularly appealing for entertaining and relaxing.
Driveways
For most properties, it's the first thing you see when you get there and the last thing you see when you leave. This ultimately sets the tone for the rest of the property. Psychologically speaking, if you make the right first impression.
Walkways
Similar homes that have mismatched surfaces around the property feel disconnected. Walkways connect important areas on your property. Whether it's the driveway to the backyard, from the back of your home to the pool, or outdoor storage space, keeping things consistent feels like it is intentional and is a part of the charm of the home.
Pool Decks
Let's face it, in-ground pools are a modern-day luxury. Although they aren't to every taste or lifestyle, for those that are interested, it's what they want to see. Decorative concrete around a pool adds style and impacts how a buyer feels.
Should I invest in stamped concrete or a Jewel Stone concrete overlay?
Of course, there are pros and cons to everything. Yes, decorative concrete can add value to your home. Yes, it looks more attractive than regular poured concrete, but is it to everyone's style and taste? Possibly not.
You should take a look at our full jewel stone concrete gallery and see just what we can do for your property. We believe it adds luxury at an affordable price, but we think you should be the judge.
Looking to add value toyour property? Call us today for your free, no obligation estimate.
Give Your residential property that luxury look with a cost-effective solution. Jewel Stone decorative concrete is easy to maintain, will enhance both interior and exterior surfaces, and will result in an increased value for your home.
You can either call us at 437-2250-7466 or visit our Contact Us page and submit a form. All estimates we provide are free with no obligations.
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