The quick answer to this is yes, decks definitely add value, but it may not always be a financial value. When we think of a deck adding “value,” we often first like to think of financial value, there are other aspects of a deck that add value such as aesthetic value and value of additional space for your outdoor living to name a few. Value really depends on your personal enjoyment and the quality of the materials and plans you make for your deck.
The visual effect a deck will have up against your largest investment (your home) will generally enrich the overall curb value. Pair that with beautiful color tones with today’s Low Maintenance Trex Decking and Railing and you suddenly have a property that catches the eye of every passerby. In a study by The National Association of Realtors who assign a “joy score” from 1-10 to various home renovations – the higher the score, the more enjoyment, decks received a 9.8 out of 10. They found that 81% of homeowners reported having a greater desire to be at home after the deck project was completed and 74% had an increase in their sense of enjoyment while being there.
When I speak to customers about the value of choosing Low Maintenance Materials over wood products for their new deck, it isn’t only the fact that they are saving time and money on maintenance year after year as they own the deck. I like to paint a picture for them. At some point all of us will be selling our properties and moving to something different. Imagine for a minute if you would that you have your home on the market and you have that beautiful, eye catching low maintenance deck and there are other homes in your area similar to yours that are also for sale. I guarantee that some of those other homes will have wood decks (treated or cedar) that look shotty and really need help. Your home suddenly has a leg up on the others as all people recognize when they have work ahead of them and it will be a major check mark in their minds against those other homes. The type of materials you choose for your deck makes a huge difference on the value a deck can add to your home.
When we speak of monetary value we are also talking about (ROI) Return Of Investment. Studies indicate that nationally a new deck provides about a 40% ROI in added property value. Historically the ROI for a deck has been higher yet, reaching upwards of 80% as recent as 2018. As represented below, this ROI varies according to where you live in the U.S.
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