As spring brings promises of summer, the idea of being able to relax on your deck with a cold drink or to host a BBQ with your family and friends sounds appealing. But, the economy is down; the housing market is subpar—great for buyers, not so much for sellers. Should you add on or remodel in an attempt to increase the value of your house? Maybe you’re just looking to add living space to your home for comfort and entertainment’s sake but don’t want your addition to damage the selling value of your house in the future.
Whatever the reason, a deck or patio is a great way to add value to your home.
Let’s look at some facts:
1. “[B]uilding a deck is one of the most efficient and cost-effective ways to add value to your home”
(Anthony Esh). Because the economy is down, more and more people are spending time at home. “The more people are staying home for entertainment, the more home entertainment amenities are worth,” according to Anthony Esh. For those considering building a deck, this means adding great value to your home.
2. “On average, when a homeowner adds a deck to their home, they are likely to recoup approximately 76% return on their investment”
(frontdoor.com). The percent of return can vary depending on where you live and the type of deck you decide to build (composite, stone, wood), but an average of 75% return is a great return for adding functional living space to your home.
3. “Building a deck adds value because it adds living space, specifically outdoor living space”
(Joe Ricker). During the summer, people enjoy being able to spend time outdoors with friends and family while having all the comforts of home. Building a deck enables you to achieve that goal. Maybe you’ve always dreamed of having a nice stone deck with a covered hot tub or an outdoor kitchen with built-in bar, grill, and flat screen TV. Whatever it is, a deck is the first step in creating your outdoor paradise.
4. A deck should feel like an extension of your house, not an appendage.
The best way to make your deck an extension of the house is to elevate it. Whether it’s two feet or six feet, an elevated deck “can be the perfect finishing touch to your outdoor space, providing more usable entertaining space and offering a beautiful transition from…your home into the surrounding yard” (Grandview Landscape Design Studio).
5. “The best deck is one that looks good and is easy to maintain”
(todayshomeowner.com). Makes sense, right? You don’t want an ugly concrete slab “deck.” You want an inviting, comfortable, relaxing deck that is appealing to the eye. Of course, you want all of that without having to spend countless hours maintaining it. For this reason, stone or paver decks are a good choice. After installation, all you need to do to “maintain” the deck is an occasional sweep or rinse. Sounds way better than spending money on stain and time applying it to a wood deck.
All things considered, a deck is a pretty sound investment that will pay off in the future as well as the present.
Esh, Anthony. “Increase Your Home’s Value by Adding a Deck”
Frontdoor.com, “10 Ways to make Your Home Worth More
Grandview Landscape Design Studio, “Benefits of Raised Patios”
Todayshomeowner.com, “Adding a Deck to Increase Home Resale Value”