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Depending on several variables such as materials used, geographic location and design features, the average cost to build a deck ranges from 5k – 10k+. If that sounds pricey to you, compare that to the cost of an addition or finishing an attic which typically costs 20k+. The good news is that studies have shown that a deck provides one of the top ROIs of all home remodel projects.
While not all decks have equal value, again based on several factors like materials used, size and design features but on average the ROI for decks is about 70% - 80% during resale which is a lot of bang for your buck when compared to the ROI for a room addition or bathroom remodel which averages about 60%. The reason that deck additions receive such a high ROI is that that they are less expensive than some other home remodel projects yet they also provide expanded living areas as well as increase the curb appeal of your home to prospective buyers.
5 Factors That Impact Your Deck’s ROI
1. Decking Material
The type of material used to build your deck will greatly impact your return on investment. Decks build with high quality wood and composite wood decking material will fetch a larger ROI than some less sturdy or low-grade materials.
2. Deck Size
In order to optimize your ROI on your deck you should consider the size of the deck. It should be large enough to utilize as a comfortable living and entertainment space. Most homeowners use their deck to relax, barbeque and entertain friends and family, therefore a good sized deck should have enough space to fit a grill, table and chairs for at least six people and also some room for storage.
3. Location, Location
We hear this all the time in the real estate market and the same is true when talking about a deck’s ROI. If your home is located in an area of the country that gets warm weather and sunshine much of the year, prospective buyers will value a deck much more than home buyers in colder regions that may only get warm weather for a small portion of the year.
4. Deck Access
Another factor to consider when evaluating a deck installation ROI is ease of access. If your deck is easy to access from the first floor living space such as a living room or kitchen, home buyers will be much more interested in paying top dollar for the extended living space as opposed to a deck off of a bedroom or second story room. The best room to create access to a deck from is the kitchen which makes food preparation and serving much easier.
5. Deck Design
The way your deck is designed also factors into the ROI. Additional design details and attention to design features can greatly affect your deck investment. ‘WOW factor’ design elements include built-in deck benches, built-in planters, built-in outdoor kitchens and grills.
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Deck Replacement and Repair Suggestions
Should You Invest in Professional Deck Repair or Deck Replacement Service in Provo, Utah?
Having a deck on your residential property can be wonderful in so many ways. Decks are ideal for people who want to have extra space for storage purposes. People frequently store seasonal items of all varieties on their decks outdoors. Why else are decks wonderful? They can give people places to entertain, socialize and simply relish the marvels of being outside under the sun and in the fresh air. Decks can even make properties in general look a lot more appealing and welcoming. If you want to take the vibe of your property up a notch, then the addition of a sturdy and contemporary deck can go a truly long way.
It doesn't matter if you're keen on composite decking. It doesn't matter if you have your sights set on a wood deck, either. The goal is and has always been to keep your deck in fine working order no matter what. If you believe that you're due for an in-depth deck remodeling project, then you need to reach out to our seasoned and hard-working deck builders as soon as possible. We're a full-service local business that specializes in all kinds of deck remodel requirements. If you're searching high and low for help with fences and decks in the Provo, Utah region, then we're on hand to cater to you.
Deck Replacement and Deck Repair: Helpful Suggestions to Consider
Fixing a deck by yourself can be difficult. Replacing one one your own can be even tougher. If you pick up on any issue that relates to your deck, it's in your best interests to recruit professional assistance right away. You should make a point to assess the state of your deck a couple of times a year or so. It's critical to nip deck issues in the bud swiftly. Doing so can often stop things from getting seriously out of hand. There are all sorts of factors that can denote the need to recruit professional attention. If you have a wood deck, then you need to keep close tabs on it. If you have composite decking, ditto. All decks call for routine maintenance and care.
How exactly can you identify issues that relate to your deck? It's usually pretty simple. If you notice the presence of rot on your deck, then you need to do something about it without dillydallying. Other troubles to be on the lookout for are discoloration, irregularities in general, railings that are anything but firm and in control, faulty boards and lost hardware components. If you observe that anything seems amiss with your deck, then you need to take prompt action.
Contact Our Provo Deck Builders for Further Assistance
If you want to proceed with a big deck remodel job in Provo, let our company know at any time. We can aid you with replacement and repair projects for all varieties of decks. Pencil in an appointment with our acclaimed company now.