Check out this post which is one of the most popular of all time. You’ll need a patio that will compare with those of your neighbors while being slightly better, ideally. • Installation is also a big benefit for choosing a deck. … Adding a deck or concrete patio to your home is one of the best ways to increase the value of your property. While both options, when done right, will add value to your home, not all homeowners should decide on that factor alone. If it’s cold 6 to 8 months out of the year, a patio isn’t going to add a ton of value to your home, dragging your ROI down below 50% in all likelihood. Your new outdoor living area should not only fit the style of your home and neighborhood, but it should also look natural. If you’re considering adding a deck or patio to your home, there are a number of options to consider. Cooking on the grill, playing cornhole, spending time at the playground, and lounging on the back deck are just a few of the things we like to do outside. For example, if you decide to build a deck that costs around $10,800, you will be able to add about $8,800 to the value of your home. We looked at Remodeling Magazine’s data for both states. Outdoor living spaces do best in places with somewhat mild weather all year round. For 2020, their report of the top home remodeling projects didn’t include patios, presumably because their ROI has dropped below 50%. Plus, the ultimate value of any given home improvement project will be determined in part by the housing market and the area in which you live. The memories you can create in outdoor living spaces are priceless. A wood deck ranked third out of the ten projects addressed by the study regarding cost recovery. • Installation is also a big benefit for choosing a deck. Besides the increased value, are there any other benefits of a wood deck vs composite? Then you can take a look at the potential value it will add. This is for a 16’ x 20’ deck with pressure-treated wood. Decks didn’t do fair as well in the Remodeling magazine report. Patio Deck. Your ROI will also be largely determined by the kind of neighborhood you live in. A patio enclosure also adds square footage to your home, which can add character and curb appeal. We recently had a new composite deck built in our backyard by a Maryand company (DeckMaster), and I had no idea that it would increase the value of our home by so much! Below are some factors to consider before installing a new patio. So if you’re going to build a deck, go with natural wood construction for best results. Before the property appraiser takes a look at your home you’ll already have a good idea of how much the deck adds to the overall value if you built it or are in the process of building a deck in Austin. Your email address will not be published. Yearly staining and sealing are required to keep wooden decks from warping and fading. Even a basic concrete slab can be stained to look great. The average cost of adding a deck is around $7,500.But some decks can cost far less – and far more. They both serve similar purposes, and which one you choose may ultimately come down to your personal preferences and budget. A wood deck ranked third out of the ten projects addressed by the study regarding cost recovery. Since outdoor living has become more popular than ever, the value of properties with a pergola or a comfortable outdoor space has been on the rise. More than half of surveyed buyers said that they would be willing to pay a premium for a house with a patio. Regionally, decks recouped more of their costs in regions where outdoor lifestyles are more popular. Whey asked about decks, homeowners said: The most important result for homeowners was to have better function and livability. For instance, Remodeling Magazine’s Cost Value Report in 2013 states the average cost of a midrange deck addition project runs around $15,000 for a composite deck and $9,327 for wood. Sunshineandplay is all about making memories with those you love while enjoying the great outdoors. In addition to the straight forward dollar-to-dollar value, its important to consider the overall attractiveness that a quality deck has to most prospective buyers. A well-designed, constructed and maintained patio may make your house more appealing to potential buyers. When done right, your patio or deck will look pristine while simultaneously looking like it has been a part of your home since the house was built. In Minnesota, decks yield a 46.3% ROI while patios yield a 61.9% ROI. Old son Gabriel every single buyer, [ a patio this will give the! Fancy composite deck, go with natural wood construction for best results do fair well. Home always equates to adding more value to your home, deeply consider the amount of usable space a! Deck vs composite determine which one to choose is to look at National. 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