Skip to main content

Property Management Blog

Elevate Your Home’s Appeal: Outdoor Living Trends for 2024

Elevate Your Home’s Appeal: Outdoor Living Trends for 2024

As homeowners continue to seek ways to enhance their living spaces, outdoor areas have become a focal point of home improvement. While many trends are gaining traction, three standout trends significantly boost your property’s appeal and value. Let's explore these top trends in outdoor living spaces, backed by statistics and insights on how they can enhance your home.

Built-In Seating Areas

Built-in seating areas are becoming a popular choice for creating functional and stylish outdoor spaces. These permanent fixtures, often made from materials like stone, wood, or concrete, can seamlessly integrate with your landscape design. According to the National Association of Home Builders (NAHB), built-in seating can increase usable space and provide a cohesive look to your outdoor area, potentially boosting property value by up to 8%. Built-in benches, lounge areas, and even custom-built seating around fire pits or outdoor kitchens offer durability and a tailored aesthetic, making your outdoor space both practical and visually appealing.

Sustainable and Eco-Friendly Features

Sustainability is a growing trend in outdoor living. Homeowners are increasingly incorporating eco-friendly features like rainwater harvesting systems, composting areas, and solar-powered lighting. The National Association of Home Builders (NAHB) reports that green building practices can reduce utility costs by up to 30%. Sustainable outdoor features are attractive to environmentally conscious buyers, potentially increasing property value by 7-10%. Implementing these eco-friendly solutions not only benefits the environment but also enhances the appeal and marketability of your home. From solar lighting to rain gardens and native plantings, there are numerous ways to make your outdoor space more sustainable and cost-effective.

Multi-Functional Spaces

Designing multi-functional outdoor spaces is a smart way to maximize utility and enjoyment. For instance, a dining area that can double as a dance floor or a pergola with built-in seating and storage are becoming popular. According to the American Society of Interior Designers (ASID), homes with flexible and adaptable spaces are in high demand, leading to a 10-12% increase in property value. Multi-functional outdoor spaces can cater to diverse needs and activities, making your outdoor area more practical and enjoyable. These versatile designs allow homeowners to make the most of their outdoor spaces, providing areas for dining, relaxing, entertaining, and even working from home.

By focusing on built-in seating areas, sustainable features, and multi-functional spaces, you can transform your backyard into a highly desirable and valuable part of your home. These trends not only enhance your outdoor living experience but also offer significant returns on investment by boosting your property’s overall appeal and market value. Embrace these trends to create an outdoor oasis that meets your needs and captures the attention of potential buyers.

Find out more about rental news, managing rental properties, and find helpful advice on maintaining your rental investments with North Coast Rental.