Awnings and Home Value: Bang or Bust?

Awnings are one of the most common additions homeowners make to their homes. It’s a relatively affordable home improvement that can significantly impact your curb appeal and resale value. A study of over 1,000 homes found that homes with an awning sold about 2.5% more than comparable homes without them.

How Do Awnings Affect Curb Appeal?

60 percent of homeowners did not use their outdoor space as much as they would have liked to, primarily because of lack of shelter from the elements. Awnings and patio coverings are a great way to utilize your outdoor space. Patio coverings are one of the most common additions homeowners make to their homes. It’s a relatively affordable home improvement that can significantly impact your curb appeal and resale value. A study of over 1,000 homes found that homes with an awning sold about 2.5% more than comparable homes without them.

How do awnings affect home value?

If you’re looking to get your money’s worth on a home improvement, awning installation is a great place to start. A study of over 1,000 homes found that homes with an awning sold about 2.5% more than comparable homes without them. This might seem like a slight difference, but considering the average cost of an awning is between $5,000-10,000 it can add up quickly! And if you install an awning from the beginning, it will likely be worth more on your property when you go to sell it.

Conclusion

Awnings are an essential part of your home’s curb appeal, and they can do more than block the sun. If installed and maintained correctly, they can also be a valuable selling point for your home. Awnings serve as an extension of your home, providing shade and protection from rain, snow, and other natural elements.

And, as a bonus, they can help you cut costs on your energy bills. But not all awnings are created equal—and you need to know what you want before you shop around for a company. Whether you want to go high-end or low-end, you need to find a company that will provide what you need at a cost that will make sense for your budget. If you don’t know how to find the right company for your needs, our buying guide can help.