How Much Value Does a Deck Add to a Home?
A deck can be a terrific addition to any home, adding value in terms of aesthetic appeal, practicality, and saleability. A beautiful deck can also represent a substantial rate of return when it comes time to sell your home. In terms of aesthetics, a deck can add a great deal of visual interest to a home, helping to create a more inviting atmosphere for visitors and potential buyers.
Adding or replacing a deck on your home remains one of the top ten upgrades you make to increase the value of your house when it comes time to sell. The rate of return on this investment is also on the higher end of home renovations.
If you are choosing to build a deck and want to keep re-sale in mind, consider a low maintenance product. A composite or vinyl deck will look nearly new for many years to come, ensuring that your investment continues to add value to your home.
Decks can also provide a practical space for outdoor entertaining and leisure, creating a space to enjoy the outdoors without having to leave the comfort of your own home. This is a great selling point for potential buyers. When considering the addition of a deck to your home, it’s important to consider the size, materials and finishes that best suit your needs. With the right choices, a deck can be a wonderful way to add value.
In terms of a monetary increase, a deck can add a considerable amount to your home. According to the Canadian Realtor Association, decks can add an average of 10.4 percent to the value of a home. This means that for a $600,000 house, a deck may add an additional $62,400 in value. This can be a fantastic way to increase the value of a home without having to invest in costly renovations or updates to the interior of your home, which can be time consuming and disruptive to daily living.
A deck is a worthwhile investment that can add significant value to a home. Not only can it increase the square footage of usable outdoor space, but it also adds curb appeal and beauty to the home. The addition of a deck can be an excellent foundation for any outdoor space or backyard.