More and more Charlotte area residents are coming to understand the benefits of adding a custom outdoor living design to their homes. Decks have long been a staple in all-purpose outdoor living, accommodating a variety of needs.
If you have been considering building a new deck for your home, you likely want to know if your deck will add value to your home. In short, decks do add value. What kind of value can expect from a new deck?
Will a deck add value to your home?
Decks can add resale value
Adding a deck to your home could offer resale value. It should be noted that contingent on your neighborhood’s comparable properties, you might receive more or less of a return on your deck building investment. Before deciding on the type of deck you build, get know your neighborhood standards. Will a buyer expect a wood deck based on what your neighbors have, or will composite be the community standard? Will a buyer expect your deck to be larger than the average 16’ x 20’ because other homes for sale have more expansive deck designs? With that said, let’s talk about average returns on investment for wood and composite decks.
Will a wood deck or composite deck offer more resale value?
Composite deck vs. wood deck resale value
According to the 2019 Cost vs. Value report, you can expect to pay about 50% more to build a 16-foot by 20-foot composite deck over a wood deck. The average price for a 320-square-foot composite deck costs $18,000, whereas a wood deck comes in around $12,000. You can expect the following average return on your deck building investment when you sell your home.
– Composite deck return on investment – 79%
– Wood deck return on investment – 90%
Composite decks offer 79% return on investment
Decks add living value
If you are not selling your home, a new deck will still offer a return on investment. Though, the returns you will receive from building a custom deck onto your forever home are not tallied in dollars and cents. These returns will be counted in the many hours your family can enjoy the deck each year, as well as the space and functionality provided thereon.
Custom decks offer returns with additional living space and function
Custom decks offer value-added outdoor living space
A custom deck, whether wood or composite, will expand your home’s footprint, and offer your family additional space for relaxing and entertaining. In 2020, many Charlotte-area residents have spent more time at home than ever before. Homeowners have had time to scrutinize their lack of living space and make the move to expand. With children and parents scrambling for enough room learn and work at home indoors, the need for expanded outdoor living has become more evident. Adding a custom wood or composite deck will give your family additional space outdoors, where fresh air and sunshine can be taken with lunch breaks. And let’s not forget our four-legged family members, who can greatly benefit from a late morning reprieve from the busy-ness of indoor spaces.
Add value to your home with a custom deck
Also read: Can I finance my deck?
Are you searching for a deck builder near me? Archadeck of Charlotte has been a deck builder for more than 30 years. Our Design Consultants are ready to help you create the perfect space for your needs. Call us at (704) 944-1350 or email us at [email protected]