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are you looking for an outdoor kitchen but wondering if there’ll be any true return on investment if you’re allocating your hard-earned money towards this type of project I can understand why you’d be interested in understanding the payoff in this video
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we’re going to unveil the true Roi of an outdoor kitchen to help you determine if the investment into your backyard project is worth it my name is Michael with RTA outdoor living and welcome back to the channel where we discuss the newest and most relevant outdoor kitchen
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topics if you’re new to the channel don’t forget to subscribe so you can stay tuned for future videos all right let’s dive in and start unpacking the ROI of an outdoor kitchen Roi can really come in a couple different forms and how much Roi you get
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out of your outdoor kitchen will surely depend on things like where you live how often do you use it how you intend to use it and what type of outdoor kitchen you end up getting most people measure Roi in terms of money meaning if I invest a thousand dollars and get 500 back that’s
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a 50 return on investment but there are other ways of measuring the ROI of an outdoor kitchen to understand them we’ll discuss the three Universal currencies if you’re not familiar with the three Universal currencies they are resources time and flexibility the good news is
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that we’re going to look at the ROI from the perspective of all three of these so you can understand the True Value in Roi of your outdoor kitchen return on money spent will be the first way that we measure Roi which is likely the most common way people will measure their
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investment to understand the ROI of an outdoor kitchen we talked with home appraisers around the country and everyone we spoke with mentioned that an outdoor kitchen has an Roi of about 50 percent on the low end and as much as 200 to 300 percent on the high end let’s
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throw out some numbers to give you an example of what you can expect if you invest in an outdoor kitchen and sell your house in the future since the average outdoor kitchen across the country is around thirteen thousand dollars we’ll use that as our example
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number so if you get an outdoor kitchen for 13 000 and sell your house in the future you can expect to get around seven and a half thousand back on the low end and if you end up on the high end you can recuperate the entire investment back and then some I’d say
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that’s a pretty good Roi considering you’ll essentially be able to use the outdoor kitchen the entire time for free or worst case scenario at 50 off the reason that an Roi of an outdoor kitchen has a much higher Roi compared to other project is because it offers a lot more
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of an aesthetic value and creates more functionality for your space it’s also a more practical and low maintenance project and other things like a pool or a spa there are factors that will impact how much Roi you get like where you live and what type of outdoor kitchen you
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purchase if you purchase a cheaper and lower quality outdoor kitchen it can actually have a negative impact on your ability to sell the house and can even lower the value of the home because it might be an eyesore and be looked out as a liability for the new homeowner you
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might be thinking well this only helps me if I event actually sell my house and you’re right it will be hard to get your money back if you don’t want to sell your house and move but that is where the other Universal currencies come into play we talked about the monetary Roi
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but how about the other types of Roi that most are not thinking of at the end of the day something doesn’t have to have a financial Roi for it to be worth the investment we exchange money all the time for things that save us time or give us more flexibility that don’t have
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a true monetary return a simple example of this is a food delivery service like ubereats or doordash you’re spending far more money than if you were to just cook the meal yourself or go pick it up but what these types of services do is save you time how about another example like car
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rental services like turo where you can save time and avoid the commercial rental car company lines and they can even deliver the car to your location while also giving you more flexibility in your vehicle selection another way to look at flexibility is convenience and
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how much convenience a product or service brings you an outdoor kitchen is no different an outdoor kitchen saves you time and gives you flexibility in how you’re able to use your outdoor space with an outdoor kitchen you’ll save a ton of time throughout the
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lifetime of ownership by avoiding trips in and out of the house you’ll be able to set up for hosting parties easier and be able to cook outdoors more efficiently you no longer be confined to how you can host and entertain so you can enjoy the flexibility that an
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outdoor kitchen gives you especially when you incorporate things like bar seating storage and countertop space this is a lot different way of looking at Roi than just in a financial sense but it can actually have more of a return than you would see monetarily at
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the end of the day time is your most precious resource because once it’s gone you don’t get it back and the flexibility you get allows you to enjoy better memories which can be priceless at the end of the day an outdoor kitchen isn’t a small investment but it is one
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that can pay for itself and then some we see how much enjoyment our customers get out of their outdoor kitchens so if you’re someone that is wanting to learn more feel free to check out our website and reach out to our team and we would love to help you out and folks we
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appreciate you joining us today feel free to share any thoughts or questions you have in the comments section below and don’t forget to like And subscribe to the channel so that we can see you on the next video once again I’m Michael with RTA outdoor living and we look
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forward to helping you host the moments that matter [Music] foreign
