Having concrete patios have many benefits. This special spot can be a place to entertain friends and family when they come to visit - there will be enough space for everyone. You can also have a cookout without worrying about keeping your living room and kitchen clean since everything can be done on the patio. What’s more, after a long day at work, you can go home, rest on your beautiful patios, and decompress while enjoying a nightcap. But besides all these, did you know that installing concrete patios in Albuquerque also increases your home’s value?
Now, before you start digging a hole in your backyard, let’s first discuss how building a patio can boost your property’s value.
The real estate market in Duke City, named after the town where the 10th Duke of Alburquerque Viceroy Francisco Fernández de la Cueva was originally from, is competitive.
According to real estate brokerage Redfin, homes in Albuquerque are sold at an average price of $350,000. This means properties are valued at $208 per square foot, seeing a 5.6% increase from last year. Moreover, hot properties are sold at 2% higher than the actual list price within 9 days. Average homes are sold within 14 to 24 days.
Meanwhile, Movoto noted that more homes were sold this July 2024 compared to the same period last year. From 1260 last year, the number went up to 1844 this July - a huge difference showing how hot the market is!
On the other hand, Steadily noted that while there is a huge demand for homes in Albuquerque, the supply has lessened, leaving the market more competitive.
It is also good to know that although 70 percent of the population owns their house, 30 percent are renters. There are a lot of students and university staff in the area, thanks to a couple of universities in the city and others nearby. There is also the Kirtland Air Force Base that drives the high rental market. Military personnel who get stationed at the base move their family to the city and rent homes as they are expecting to be moved elsewhere in a few years.
So, what makes Albuquerque a great place to live in?
Well, the 310 sunny days are a big pull factor. It allows for awesome outdoor living. The climate, outdoor living, and rich culture draw people to Albuquerque, the low costs of commodities and affordable homes add allure.
It’s great for outdoorsy people who love nature and enjoy the rugged - but nevertheless - scenic views of the Sandia Mountains and Rio Grande Valley. Add to that the mystery of the Chihuahuan desert in contrast with the cerulean sky that is dotted with colorful balloons during the yearly Balloon Festival. Don’t forget the Pietroglyphs and other historical sites that people can’t seem to get enough of.
But more than anything, it is the ability to gaze and enjoy the outdoors while spending quality time with friends and families in the safety of their yards. They can host barbecues without neighbors calling the cops and have a cookout that only serves chile burgers without anyone batting an eye. And in the middle of it all is a gorgeous outdoor space that has turned yards into a captivating oasis. No matter what, be it daytime or nighttime, a cement deck can do a great job of being the center of all activities.
Will a concrete patio increase home value? Of course, it will! It offers many benefits to homeowners, be it if they are planning on selling their property or staying and enjoying a good life in Albuquerque.
Why are they a good investment? For one, they are durable and can last for up to 50 years with proper care. They can handle the weathering heat of the desert sun, strong winds, and even the afternoon rain showers (paver patios are even more durable). Worried about sandstorms? Unlike other materials that scratch easily, cement patios can withstand it and still look as pretty as ever after.
Moreover, it is awesome for busy people because it is very low-maintenance. You can be elsewhere anytime you want since cleaning only requires sweeping every few days. You can hose it down once a month to make sure dust and muck do not accumulate on the surface. For deep cleaning, you can even hire a professional once or twice a year. You have so much free time to enjoy your outdoor space rather than tending to them.
Design-wise, concrete is versatile. From sleek and modern to rustic and Southwestern, there are so many possibilities. You can incorporate local materials like sandstone or adobe into your backyard design to create a truly authentic Albuquerque look. Contact the best concrete contractor in Albuquerque if you want to build a proper patio.
The age-old question: Will concrete patios boost your home's worth? Well, let us clear something up first. It’s not only monetary value that will increase, it also augments your experience. It elevates your enjoyment level and pride that your home is beautiful inside and out. But to give you a clearer picture, here’s what we’ve found out:
A concrete patio can significantly boost your home's value when it:
Increases energy efficiency: While not always directly related to home value, a patio can contribute to energy efficiency by providing a shade using pergola and awning during hot summer months, reducing the need for air conditioning.
Albuquerque, Rio Rancho, Corrales, Placitas, Los Lunas, Bernalillo, Cedar Crest, Tijeras, Edgewood and others.
