Over the last few years, we have seen several homeowners, especially those with children, add playsets to their backyards. But what’s with all these crazes? Several reports have shown that adding a playset to your backyard can hugely benefit your home. But is there any truth to this? Let’s find out.
As a homeowner, you want to ensure that your home has a high resale value, especially if you plan to sell the house in a couple of years. Installing a playset is one of the best ways to achieve this. A playset allows you to provide a nurturing play environment for your children in the comfort of your backyard. This can benefit your children’s well-being and help them stay active. It can also make them happier. But at the same time, a backyard swing set can help increase the value of your home.
So if you have already installed a play set in your backyard or are just about to install it and wondering how it can help increase your home value, keep reading this post as we explain how a playset for backyard can help increase the value of your home.
Do backyard playsets add value to a home?
The quality of the playset and the kind of homebuyers you attract will impact whether or not a playset raises the value of your home. For instance, a young professional without children might not be as taken with a backyard playset. Meanwhile, a family with young children might see your playset as the clincher. A playset may boost the value of your property and its curb appeal if it is attractive and well-maintained, as many homeowners have small children.
The National Association of REALTORS [NAR] Research Group recently conducted a study. The study found that 35% of homebuyers have a child who is under 18 years at home. In addition, 61% of buyers between 30-39 years have at least one child at home, and the most interesting part is that this age group makes up the largest percentage of homebuyers. Of course, based on this data, you can conclude that most homebuyers would be happy to purchase a home with a playset in the backyard. And those young homebuyer couples with no children yet might just purchase the home as they envision their future.
What elements of playsets impact the value of the property?
While it is true that a playset can indeed increase the value of your property under the right circumstances, the truth is that some factors can affect whether a homebuyer is willing to pay a higher price for a home just because of the playset. These factors include:
It is no secret that high-quality playsets will attract homebuyers as they will view it as a one-time investment. For instance, vinyl playsets are the best in the market. They are durable and do not get as hot as metal swing sets, which often lead to burns. They also don’t chip, making them safer. In addition, vinyl playsets are easy to clean, requiring minimal maintenance. A low-quality playset will only discourage buyers from finalizing the deal.
The condition of the playset also plays an important role in improving the home’s value. Even the highest quality playset can deteriorate with time, especially if they are not properly maintained. But the rate at which these playsets deteriorate is lower than those low-quality ones. Regardless, all playsets must be properly maintained to keep them in the best condition to boost the home’s value.
All parents want their children to be safe when playing. This means a playset should have all the safety features that make it easy to use. If not, homebuyers will see it as a hazard that could pose risks to their children, which could just make it decrease the value of your home. That’s why you must ensure that your playset possesses safety features, such as solid beam construction, pinch-free swings, and snag-free hardware. These features promote the safety of playsets. It’s also a good idea to identify the safety issues of your playset and repair them before you list your property for sale.
Playsets generally come in various appearances. Some come with cartoon characters, making them ideal for preschool kids. However, these playsets may not appeal to older children, and their parents might not find them fancy either. So, if possible, engaging a wide range of ages and growth stages would be best. This way, you can attract a wide range of buyers with children of various ages. A vinyl playset is the best choice as it is timeless.
Finally, the area you live in can also determine whether a backyard playset can increase the value of your home. For instance, if you live in a neighborhood that appeals to young professionals and retirees, having a playset at the back may not be of any value unless the homebuyer has grandchildren or envisioning the future. On the other hand, if you live in an area with several young families, you’ll likely attract buyers with kids. And in this case, a backyard playset will be seen as a bonus.
While playsets can increase your home value when it is time to sell it, don’t forget their value when you still live there. Children generally need to play and get outdoors. A playset is a one-time investment that’s worth every penny. It will improve your home’s value and make your children healthy and happy. But remember that not every playset can make you achieve that. You need a playset that’s strong, safe, and durable. And it should be in good condition too. You can maintain the condition of your playset by cleaning it regularly, making the necessary repairs, and tightening the loose bolts regularly. Such a playset will definitely increase the value of your home.See more blog posts such as “What are the benefits of vinyl playground sets?” or “Why you should buy playsets for your kids”
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