Many house owners want to spend some quality time with their loved ones, throw a BBQ party, and unwind on their deck. Adding a deck can expand your home’s usable outside living space and raise its value. We will provide you with additional information and address important concerns like, “Is a deck worth the investment?” in this article.
So, do decks increase the value of homes?
The quick response is yes, it unquestionably provides value. The broader answer is that the worth relies on how much you personally love it as well as the choices you make for your deck’s materials and design.
If you’ve been thinking about adding a deck, your home could gain significant value from a deck. A practical, dependable, and affordable approach to raise the value of your house is to build a deck. According to research, a homeowner can recover more than 75% of their investment (ROI) by building a deck for their house.
Modern decks, which are synonymous with outdoor living, are a must for any homeowner. Due of the previous COVID pandemic, householders learned to value sunshine and clean air. Decks are now even more useful as more homeowners are working or spending more time at home.
How much does a Deck Increase the Value of Your House?
Depending on the materials used, the cost of labor, and the deck’s design, the average deck can recover up to three-fourths of its cost.
To what extent does a deck add value? A deck extension is among the top 10 outdoor home improvements, according to Remodeling magazine’s Cost vs. Value Study for 2021. When a home is sold, a wood deck, which typically costs $16,766, will recover approximately 68% of its value, and a composite deck, which typically costs $22,426, will recover about 63%.
Easy-to-maintain composite decking is a popular option for new decks because of the rising cost of lumber and continuing upkeep required for wood. You only need to look at the local real estate listings to find numerous listings that feature a composite deck. It’s obvious that homeowners and realtors appreciate this backyard asset.
Composite decking doesn’t require any painting, staining, or maintenance like wood decks do. The only upkeep needed for composite is a quick wash with some soap and water. Composite decking, which is created from recyclable materials, is strong and long-lasting in contrast to wood, which is susceptible to rot.
Adding a Deck Increases Curb Appeal
Personal elements should be taken into consideration in addition to the financial benefits of house improvements at the time of selling. The National Association of Realtors rates various renovations on a scale of 1 to 10, with 10 being the most enjoyable. Decks scored a 9.8 out of 10 because: 81% of homeowners said they now want to be at home more than before the project was finished; 74% said they enjoy being at home more; and 77% feel a tremendous sense of accomplishment.
A deck will raise the value of your property, but the return on investment (ROI) can vary depending on design, materials and condition.
Homebuyers may imagine that you will have a living area where they may eat outdoors, barbeque, or relax by the pool if you reside in a warm environment where outdoor activities are popular. A deck offers an extended space for hosting gatherings with friends and family in the late spring, summer, and early fall, even in chilly conditions.
While there is a difference in ROI when comparing the construction of a wood and composite deck, the difference narrows when you take the cost of staining, sealing, and sanding into account over time. To keep a wood deck from splitting and decaying, sealant must be applied frequently. Composite decking on the other hand, comes with a 25-50 year limited warranty and requires only occasional cleaning which is a huge selling point.
Value to You
In addition to the financial benefits, a deck will also add to the homeowner’s quality of life. You might not want to make a costly deck project investment if you want to sell your house soon. But, if you intend to live in your house for a long time, it would be worthwhile to give your deck more consideration and luxuries so you can enjoy this outdoor space for many years to come.
Even if there are many ways to improve your house, an inviting deck outside allows you host gatherings and spend time with friends and family. Adding a deck to your home improves its aesthetics and outdoor décor, making it appealing for your family, friends, and others.
You can pick from a variety of design options to create a deck that complements the style of your house, your way of life, and your personality. By including a deck to your house, you can create an additional outside area where you can add furnishings, grills, plants, and other outdoor amenities to make your backyard more appealing, useful, and pleasurable.
Looking to Build a Deck?
A deck can be transformed into anything you want, such as a cozy spot with a hot tub for cool nights, a outdoor kitchen with a built-in bar and grill, a living area with stylish furniture, or a spot with a flat-screen TV where you can watch your favorite TV shows or movies.
Whatever the design of your ideal deck, it will boost your return on investment. Get in touch with Decked Out Builders today if you want to build a deck that is durable, aesthetically appealing, and comfortable for your house.