When homeowners consider making improvements to their property, one of the most common additions they think about is a deck.
A deck can provide a space for relaxation, entertainment, and even a touch of aesthetic appeal. But the burning question remains: does adding a deck truly add value to a home? Let’s dive into the details.
Return on Investment (ROI)
According to the National Association of Realtors and the Remodeling Impact Report, adding a deck has a good return on investment. On average, homeowners can expect to recoup about 65-90% of the investment of building a new deck upon selling, depending on the materials used and the overall housing market in their area.
Increased Living Space
A deck effectively increases the usable living space of a home. Especially in warmer climates or during the summer months, a deck becomes an extension of the living room or kitchen. This additional space can be a major selling point for potential buyers who envision themselves hosting gatherings or enjoying quiet mornings outdoors.
A well-designed deck can significantly enhance the visual appeal of a home. Whether it’s a multi-tiered deck with built-in seating or a simple platform with a stunning view, a deck can be a focal point that attracts potential buyers.
In some markets, having a deck is almost an expectation. In areas where outdoor living is a significant part of the lifestyle, not having a deck can be a drawback. In such cases, adding a deck not only adds value but also brings the home up to par with market expectations.
The value a deck adds can also depend on the materials used. While composite decking might have a higher upfront cost compared to traditional wood, it often offers a better ROI. This is because composite decks require less maintenance, have a longer lifespan, and often come with warranties that are appealing to potential buyers.
Hardwood Decking species such as Ipe, Cumaru, Teak, Garapa, Mahogany, Tigerwood and Brazilian Redwood are all known to increase the value of your home. In fact many celebrity home often have a deck built from one of these beautiful species of hardwood.
While a deck can add value, it’s also essential to consider the maintenance it requires. A poorly maintained deck can become a liability and deter potential buyers. Regular cleaning, staining, and ensuring the structural integrity can keep the deck in top shape and maintain its value-add proposition.
Customization and Features
Adding features like built-in seating, a fire pit, or even an outdoor kitchen can further enhance the value of a deck. These custom features can make a deck stand out and appeal to buyers looking for unique features in a home.
In conclusion, while a deck can certainly add value to a home, the exact amount of value depends on various factors, including the quality of construction, materials used, and the local real estate market. If you’re considering adding a deck to your home, it’s a good idea to consult with local real estate professionals and contractors to understand the potential ROI and make an informed decision.