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Improving Your Property Value With the Installation of an Awning

Red and white awning
If you're looking for a way to improve the value of your home, then you might want to consider the installation of an awning. Awnings are able to improve your home's value in multiple ways by making the home appear more attractive, creating more usable space, and enhancing the flexibility of your yard area.
Here's what you need to know about how you can improve your home's value by installing an awning.

Awnings Increase Usable Yard Space

An awning can be used to essentially enclose part of the yard by making more of your home usable. Under an awning, you can place a deck, tables, chairs, and an entire patio area. Otherwise, this space might go unused. If you ever decide to sell your home, then having functional outdoor space (such as a BBQ area) is critical. 

Awnings Reduce Air Conditioning Costs

Awnings reduce air conditioning costs by up to $200 a year simply by absorbing sunlight. If you find that your home's heating bills are higher than they should be, then you may want to consider the installation of an awning. Eventually, the awning will pay for itself, even if you don't count the higher ROI.

Awnings Help With Gardening and Landscaping

Whether you want a small herb garden or simply some decorative shrubs, an awning can help keep plants cool and in the shade during the harsher months. Installing a large awning over your patio also gives you space to do some additional gardening and landscaping, in addition to the aesthetic improvements of the awning itself. Many shade plants will only grow in indirect light, and so if your yard is always in direct light, they won't thrive.

Awnings Can Improve Attractiveness to Buyers

Buyers are frequently looking for homes that have an attractive exterior. Apart from simply adding additional "living space," an awning gives your yard a competitive advantage over other homes. If you think you may be selling your home soon - especially in a particularly competitive housing market - you may want to invest in as many improvements as you can.

Tips for Choosing a New Awning

An awning is much more affordable than many other exterior improvements, giving you a strong ROI with a fairly small investment. Here are some tips for installing one:
  • Look at the material of the awning. Cheaper awnings may not have the best materials. Cheaper materials will wear down fasters and they may lose their color in the sun. Canvas awnings have a good mix of attractiveness, affordability, and durability. 
  • Think about the color in terms of your home's design. If you have a contemporary, modern home you may want to go with a bright, bold color. If you have a traditional home, something in a garden green or neutral may be more appropriate.
  • Consider how you're going to use your awning. If you're going to be using your awning most of the year, a permanent awning is probably more useful to you. However, if you're going to be using it only during the spring or fall, a retractable awning can be better.
  • Look at examples around your neighborhood. If your neighbors have already erected awnings, then their awnings will give you a good idea of what does and doesn't go with your home's style. You may also want to check with your HOA to make sure there aren't any prohibited styles or colors.
Are you thinking about installing a new awning in your home? There are many different types of awnings, in both appearance and functionality. From brightly-colored retractable awnings to neutral and modern permanent awnings, there are a few decisions that you'll have to make about what type of awning best suits your home. Luckily, you can contact the experts at Eikelberger Awning & Drapery Co. for more information.