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Home Upgrade Patio

Home Mortgages and Home Buying Home Upgrade Patio

  • Neuro Neuro 
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    Joined: 01/08/2016
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    Has anyone here recently done a patio? We are getting quotes and I am blown away by how expensive it is. We are getting quotes for 20-25K. We can pay for it and I have around 60% equity in the house. I can provide additional specific details but I want to start with a couple of questions.

    1- Would you do it if you might not stay for more than 5 years?

    2- Does patio upgrade translate into better pricing when selling the house?

    Thanks in advance!

     

    #205226 Reply
    Avatar Laeno 
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    Status: Physician
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    Joined: 05/30/2016

    1. Depends on how unlikely I would be to stay.  Definitely makes it less likely.

    2. Probably not nearly as much as you’d like.

    If you’re not staying for 5 years, I’d assume you’re just going to spend/consume the $20-25k, or at least a majority of it, without a return on investment, or even recouping much.  That’s how I’d decide if I was OK doing the upgrade.

    #205231 Reply
    Avatar Peds 
    Participant
    Status: Physician
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    Joined: 01/08/2016

    No.

    No.

    #205240 Reply
    Neuro Neuro 
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    Status: Physician
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    Thanks. I am conflicted about this. However my spouse really wants this. I think I can bring the expense down to 15K but thats it. It just seems that I will need to buckle down at other expenses.

    #205255 Reply
    CordMcNally CordMcNally 
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    What kind of patio is this? Not all patios are created equal.

    “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
    ― Benjamin Graham, The Intelligent Investor

    #205258 Reply
    Lordosis Lordosis 
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    Status: Physician
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    Joined: 02/11/2019

    A brick paver patio?  Anything fancy like retaining walls or other built up structures?  How big roughly?

    I put a small one about 20 by 20 foot in myself when I was a medical student.  Cost about $500 for the material.  It was during my “break” to study for step 1.  I would take a practice test in the morning for 8 hours.  Go haul brick for 2 hours then review the practice test I took for 5-6 hours.  Sleep rinse and repeat every day for 4 weeks.  In the end I had a nice backyard patio to celebrate completing step one!

     

    Whenever life sucks  I remember that month and things do not seem so bad.

    “Never let your sense of morals prevent you from doing what is right.”

    #205261 Reply
    Neuro Neuro 
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    Its about 800 square feet of pavers with some gravelling, a low retaining wall and some extras.

    Part of the issue is the yard slopes away from the house.

    #205262 Reply
    Avatar Marko-ER 
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    Status: Resident, Small Business Owner
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    Yep, the stuff is expensive.  Had to re-do ours because of erosion, and it was pushing 20K (though ours is larger than 800sq feet).  In short, I agree with the above:  no & no.  Parenthetically, we love the house and plan to stay for 20+ years.

    #205278 Reply
    Liked by EDDOCMOM
    Lordosis Lordosis 
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    Its about 800 square feet of pavers with some gravelling, a low retaining wall and some extras.

    Part of the issue is the yard slopes away from the house.

    Click to expand…

    A deck might be cheaper and easier to deal with the slope.  Even a cheap deck would last 5 years and look nice for resale.

    “Never let your sense of morals prevent you from doing what is right.”

    #205295 Reply
    Avatar adventure 
    Participant
    Status: Spouse
    Posts: 1154
    Joined: 10/24/2016
    We are getting quotes for 20-25K.

    Click to expand…

    You might try finding folks who don’t work for companies, and enjoy cash and beer.

    #205304 Reply
    IlliniGopher IlliniGopher 
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    Status: Physician
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    Joined: 05/03/2017

    I was going to build a 3 seasons porch.  Quotes from $35-50K.  There is a chance that I move in 3 years so I didn’t do it.  Word of caution: your ROI on a porch is prob 60%.  I just decided to not have a deck bc the buyers can build one to their liking now.

    "Comparison is the thief of joy." - Teddy Roosevelt

    #205305 Reply
    wonka31 wonka31 
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    Status: Physician
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    Joined: 03/24/2018

    We did our patio, used unilock. It’s great, but it cost about $16-17k. I plan on living here for a few decades barring anything out of the ordinary. I would do it again without question.

    Yes they’re expensive. You will almost certainly not get back what you put into it. I likely would not do it unless you were fairly certain you would stay there for awhile. I don’t know that five years is awhile in my opinion.

    #205307 Reply
    Liked by q-school
    q-school q-school 
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    Joined: 05/07/2017

    if you do it, money gone.  save money for next house with even more baller patio.

     

    #205309 Reply
    Liked by Zaphod, octopus85
    Neuro Neuro 
    Participant
    Status: Physician
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    Joined: 01/08/2016

    Thank you all.

    #205310 Reply
    Avatar wideopenspaces 
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    Status: Physician
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    That sounds right to me. 800sf is huge. We are landscaping the backyard this year and I just want a pea gravel area for the fire pit and chairs but they first priced out pavers, not understanding what I wanted. It was like 15k. I personally would not do it if I knew I was leaving in 5 years. I’d find a less expensive alternative as you will not get a full ROI.

    #205365 Reply

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