A patio will extend your living area so you have more room to hang out. You can add couches and chairs to make the space more comfortable. When guests come over, spending time outside on your patio is a great way to show hospitality and entertain your neighbors. To top it off, having a patio will increase the value of your home. So even though there will be expenses associated with building a patio, you will likely recoup your costs when the house gets sold.