How Much Value Does A Deck Add To Your Home?
Adding a deck to your home is a great investment, but whats involved?
With all the economic uncertainty that is due to the COVID-19 virus today, we are all looking to spend our money as smart as possible. And most of us are looking to increase the value and appeal of our property, while also raising our quality of life. So where do decks rank on the list of smart and appealing home improvement projects? From an investment standpoint, according to multiple sources such as Stat-Report, & U.S. News & World Report, you can expect to recover anywhere from 70%-90% of the cost of a new deck when you sell your home. Variables include what type of decking you use (wood or composite), where you live, size, quality of work, etc. For example, if you have a poorly built deck with expensive composite materials, your return on investment will be much lower than if you have a well built deck, using wood materials. And having a very large, expensive deck built with all low-maintenance materials, will also likely get you a lower return on investment. According to HGTV, home buyers are concerned with a few interior things like kitchens and bathrooms first of all. But decks rank pretty far up on that list. They also note that decks are increasing in popularity throughout Canada and especially Vancouver & the Fraser Valley. Our personal opinion, for what it’s worth, is that decks are more popular in this part of the country than ever before. I think if you have a well built, visually appealing deck, that fits your house (not too big, not too small), that provides an outdoor hangout, a place to entertain guests , and access to the backyard, you should certainly be able to get 80%-90% of your money back. The picture at the top of this article is a great example of that type of deck, it provides plenty of room to entertain guests, but there is no wasted space. It is built of low-maintenance materials and provides access to the backyard. We will happily provide you with lots of info about different price ranges, please don't hesitate to get in touch with us for a low pressure, FREE consultation and remember we always provide a Price-match guarantee on all our estimates to ensure you are getting a fair price. This will help you make an educated decision if you are thinking about a new deck.