When adding a covered porch to your home, you can increase the value of your property. However, you should consider that the money you spend on a porch will not always be recouped. Unlike paint, carpeting, and fixtures, porches are rarely worth the investment when you’re moving out.
Adding a Covered Porch to Existing House
Adding a covered porch to an existing home can add value to the home, and there are several reasons why. Porches can help solve a variety of architectural issues. One company, Quality Built Exteriors, created a portico for a colonial home that not only unified the architecture visually, but also offered the practical benefits of a covered porch. Their porch also came with stylish, vinyl porch railings for a low-maintenance option.
Does a Covered Porch Add Value to Your Home?
– It’s possible to get a high ROI from your covered porch. According to a NAHB study, 75% of buyers wanted outdoor living spaces. Porches increase the value of a home, by anywhere from four to six percent.
If you have a screened-in porch in your front yard, chances are you’ve already gotten some value from it. It’s a great way to enjoy your backyard while entertaining guests. Not to mention, it can add more than just value to your home.
Does Adding a Porch Increase Property Taxes?
Adding a porch to your house will increase your total assessment. This means your property taxes will go up. Porches will vary in cost depending on their size. Adding a screened-in porch may also increase your property taxes.
Check with your local taxing authority to see how much they charge for such improvements. However, it’s worth noting that the price of a screened-in porch isn’t as high as the cost of an entire new kitchen and bath.
The amount of tax you pay will depend on several factors, including the materials used, the installation process, and the state you live in. Adding a porch or patio to your home can also raise your property value and livability, which will offset any property taxes you might incur.