One of the best ways to add value to your New York City home is by adding a balcony, and with just one square foot of outdoor space being worth as much as 50% of the price of the same sized space indoors, it’s easy to see why.
Homeowners with balconies certainly reaped the rewards when COVID-19 forced global populations into lockdown due to COVID-19, and even a tiny balcony enabled people to get some fresh air and look out on the rest of the world without leaving the confines of their home. With this in mind, more and more architects are calling for homes to be designed with balconies, citing a range of mental, social and physical health benefits.
Nearly every New York City home with some outside space has room for a deck, and every such home can benefit from one. So, whether you’ve got a rambling yard or garden that has no special area for sitting or socializing, or a tiny space outside that needs organizing, a deck could be just the stylish and functional addition you need.
A balcony can be a fantastic addition to any home, and can even add value, not to mention curb appeal. With outdoor space at a premium all over the country, if your home has some additional exterior space such as a balcony, and you’re trying to sell it, you could boost its value and garner a lot more interest from potential buyers. Of course, if you’re not wanting to sell your home (either now or in the foreseeable future), then a balcony is a great addition in its own right; giving you space to socialize, grow plants or simply the option to step outside and breathe in some fresh air. With this in mind, let’s look in a little more detail at adding a balcony to your home: