Do Outdoor Playsets Lower Property Value?

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Is an outdoor playset worth it? That’s the question many homeowners are asking themselves, especially with the recent reports that they may lower a home’s resale value. While there are many pros to owning one of these sets – such as providing hours of entertainment for your little ones – it’s essential to weigh all of the pros and cons before making a decision.

Some people believe that having a playset on your property devalues it, while others think it’s a great addition that can increase the value. So, what’s the truth? Do playsets lower property value? Let’s take a closer look at this topic.

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How A Playset Can Affect Your Property Value

For many homeowners, their property is their most valuable asset. So, it’s no surprise that they want to do everything they can to increase its value. However, when it comes to your property value, there are a lot of factors that come into play. For example, the location, the home’s condition, and the size can affect how much your home is worth.

But did you know that the type of backyard playset you have on your property can also make a difference? If you’re considering selling your home, it’s crucial to consider how a playset can affect your bottom line.

Quality

Adding a playset to your backyard can be a great way to provide entertainment for your kids and increase the value of your property. But not all playsets are created equal. When it comes to improving your home value, quality is vital. A well-built playset made with high-quality materials can add tens of thousands of dollars to your property value, while a cheaply made playset is unlikely to have any impact.

In addition, a playset that is designed to blend in with your landscaping can add to your property’s curb appeal and make it more attractive to potential buyers. So if you’re looking to add value to your home, be sure to choose a playset that is built to last.

The Buyers

A playset can be a significant selling point for families with young children. If your home is located in a family-friendly neighborhood, having a playset can give your home considerable appeal. Not only will it make your home more attractive to potential buyers, but it can also add value to the property itself.

Of course, it’s important to remember that not all buyers will be interested in a playset. For example, if you’re selling to retirees or empty-nesters, they may not see the value in having one on the property. In this case, weighing the pros and cons before deciding is essential. Ultimately, it’s up to you to decide whether or not a playset is suitable for your home.

Curb Appeal

While many people may consider a playset a fun addition to their backyard, it can also positively impact your property value. A playset can add curb appeal to your home, making it more attractive to potential buyers. It can also provide outdoor recreation options and reduce overall maintenance costs.

With so many benefits, it’s no wonder that playsets are becoming increasingly popular among homeowners. So if you’re looking for ways to improve your property value, consider adding a playset to your yard. It could be just the thing you need to give your home the extra boost.

The Benefits of Adding a Playset

Parents Can Get More Work Done

Adding a backyard playset has some great benefits for parents who want to get more work done. Parents can have some much-needed time to themselves with the kids happily playing on the swings, slides, and other fun features. This is especially beneficial for work-from-home parents who need to make uninterrupted calls or concentrate on tasks that require undivided attention.

Improved Health

A backyard playset can bring children hours of enjoyment while providing significant health benefits. One important benefit is that it gets kids moving. With more and more children spending time indoors in front of screens, it’s important to encourage outdoor activity.

A playset provides an excellent incentive for kids to get outside and play. They’ll be so busy having fun that they won’t even realize they’re getting exercise. Being active has many benefits for children, including improved fitness, stronger bones and muscles, and increased energy levels.

Another benefit of a playset is that it can help develop a child’s gross motor skills. For example, children will use large muscle groups as they swing, climb, and slide. They’ll also refine their coordination and balance as they negotiate around the playset.

As they master different skills, they’ll build confidence and a sense of achievement. So, consider adding a playset to your backyard if you want to improve your child’s health. It may just be the best decision you ever make.

Social Benefits

A playset in the backyard can provide endless hours of enjoyment for children. But did you know there are social benefits to adding a backyard playset to your home? Children who play on swings, slides, and other playground equipment have better social skills. For example, they are more likely to share and take turns and can better resolve conflicts.

Furthermore, playgrounds allow children of different ages to interact and learn from each other. As children learn to navigate the social world, they develop essential life skills that will serve them well into adulthood.

Benefits To Community

A playset in the community has benefits that everyone can enjoy. The installation of the playset will provide a new source of entertainment for the children who live in the community. They will have a place to explore and use their imaginations without having to leave the safety of their neighborhood.

The playset will also give the parents a sense of relief, knowing that their children have a safe place to play. In addition, the presence of the playset will add value to the homes in the community and make it a more desirable place to live. The benefits of adding a playset to the community are numerous and far-reaching, making it an investment that will pay off for years to come.

Reasons It Could Lower The Value Of Your Home

Expensive To Install and Maintain

For many families, a playset is an essential part of the backyard. It provides a safe place for kids to play and explore and can be a great source of exercise. However, when it comes time to sell your home, a playset may not be such a desirable feature for some families. It could lower your home’s value, so you must be very careful of your potential home buyers.

First, playsets are expensive to install. If you’re not planning on staying in your home for a long time, the installation cost may not be worth it. Second, playsets require regular maintenance. You’ll need to keep an eye on the wood’s condition, ensure all the nuts and bolts are tight, and so on. If you don’t want to deal with the hassle of maintenance, a playset may not be suitable for you.

Finally, playsets can be challenging to remove. If you decide you don’t want it, you may have to hire someone to take it apart and haul it away. So if you’re considering installing a playset in your backyard, weigh the pros and cons carefully. It could end up being more trouble than it’s worth.

Can Be An Eyesore For Some Families

Many people believe that a playset in their backyard will help increase their home’s value. However, this is not always the case. In fact, for some families, a playset can be an eyesore. Here are some of the reasons why a playset could lower the value of your home:

  1. Playsets tend to be highly visible from the street and can be quite large. This can make your home look cluttered and unkempt. Furthermore, if your playset is not adequately maintained, it can become an eyesore for your neighbors.
  2. Some homeowners associations restrict the types of playground equipment installed in their community. If you live in such a community, you may be required to remove your playset before you list your home for sale.

Can Pose Safety Hazard

Playsets are a fun addition to any backyard but can pose a safety hazard. According to the Consumer Product Safety Commission, an average of 25,000 playset-related injuries occur yearly. These injuries range from minor cuts and bruises to broken bones and concussions. In some cases, they can even be fatal. As a result, many insurance companies will not provide coverage for homes with playsets.

Additionally, some lenders will not offer loans for homes with playsets on the property. While playsets can be a lot of fun, they also come with a certain amount of risk. Before installing a playset on your property, carefully weigh its pros and cons.

Will A Playset Raise Your Property Taxes?

Many homeowners worry about whether or not a playset will raise their property taxes. The answer to this question depends on if a playset will add value to your home. Your local tax assessor calculates property taxes based on the value of your home. Therefore, if the playset increases the value of your home, then your property taxes will also go up.

However, property taxes will stay the same if the playset does not add value to your home. To avoid unwanted surprises, it is always best to consult your local tax assessor before making any major changes to your home.

Will Having a Playset Cause Your Homeowner’s Insurance Premium to Go Up?

Swing sets provide hours of fun for children but also pose a serious risk to your property. In terms of insurance, swing sets are considered a high-risk item, and many homeowners’ policies will not cover damage caused.

If your policy does offer coverage, you can expect your premium to increase by at least $200 per year. While this may seem like a lot, it is essential to remember that the cost of repairing or replacing a swing set can easily exceed $1,000. Therefore, insuring your swing set is vital to protect your investment.

Tips to Turn Your Playset into an Asset

Keep It Clean

There are a few simple steps that you can take to keep your backyard playset looking its best. Perhaps the most important thing is to keep it clean. A power washer can be used to remove built-up dirt and grime, and regular sweeping will help to keep the area around the playset free of debris.

In addition, it’s crucial to inspect the playset regularly for wear and tear. Loose bolts should be tightened, and any broken parts should be replaced promptly. By taking these simple steps, you can ensure that your playset will be an asset for years to come.

Keep It Safe

According to the Centers for Disease Control and Prevention, nearly 200,000 children are treated in emergency rooms yearly for playground-related injuries. However, some simple steps parents can take to help keep their children safe. First and foremost, it is crucial to ensure that the playset is age-appropriate. It is also essential to inspect the playset equipment regularly. Look for sharp edges and other potential hazards. If you have a home playset, ensure it is surrounded by a soft surface such as mulch or rubber mats.

Summary

A backyard playset can be a great addition to any home. However, some homeowners may still wonder whether playsets lower property value and if they will see a decrease in their property value after installing one. As it turns out, there is no definitive answer, as each situation is unique.

A backyard playset does not have to be a financial burden. Not only will your children enjoy hours of fun on their new set, but you may also find that having one in your yard increases the value of your home in most cases.

When it comes time to sell, a backyard playset can be a significant selling point for potential buyers with young children. So before you write off this addition as an unnecessary expense, consider all the benefits a playset can bring to your family and home.

Jack Dempsey
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