This means that tree roots, wet ground, even big slopes can be easily overcome without adding significant expenses. One of the big downsides of wooden decks is their maintenance requirements. Get a Free Estimate From Paver House. According to Remodeling Magazine’s Cost vs Value report, both composite and wood decks can raise the resale value of your home with an ROI of 65.2% and 71.5%, respectively. Steve Cook is the editor of the Down Payment Report. 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. Whether it's placing an awning over a patio area, converting a screened-in porch to a sunroom or adding a deck, the creation of more living space makes life more enjoyable for homeowners now and adds an appealing selling feature for the future. He can likely estimate how much of an increase you'll see in your bill before you break ground on the project. Meaning the addition looks “too new.” This typically happens with DIY deck or patio projects. A well-designed, constructed and maintained patio may make your house more appealing to potential buyers. He is also a devoted husband and father of his 1 year old son Gabriel. Adding a patio to your yard can create a new space to relax and entertain. He is a member of the board of the National Association of Real Estate Editors and writes for several leading Web sites, including Inman News. No doubt you’re thinking about the advantages and disadvantages if you add a sunroom to your house. Deck and Patio Additions. My name is Justin Childress and I'm the creator of Sunshineandplay.com As a family of three, my wife, son, and I love spending time together, especially outdoors. Sometimes, brand new patios or decks create an unwanted contrast between your home and the new construction. But... 15 Ways to Keep Bugs Away From Your Patio This Summer. Whey asked about decks, homeowners said: The most important result for homeowners was to have better function and livability. However, they do require more maintenance, a higher upfront cost, and are more complicated to build than patios. However, this rate tends to be higher for higher-quality wooden decks and lower for composite materials.” According to Inman, patio additions have a slightly lower ROI than decks, but they’ll still give you a return of 30 to 60%. Even if you’re planning on selling your house soon, it’s not exactly a quick turnaround in either case. While This Old House averages a new deck … The better maintained, the more your ROI is likely to be. Like patios, decks made out of certain materials should give you the best ROI possible. If they’re built with patios, a deck may look strange and out of place. Estimated construction cost estimated was $9,450, and the estimated value that a new deck adds to the house value at the sale was $10,000. In order to determine which is best for you, we’ll look at the data and answer this common question: Does a deck or patio add more value to your home? In most places, patios don’t require the same amount of safety and scrutiny, since they sit directly on the ground. This seamless integration is what most buyers are looking for, and will usually get you the most value for your patio or deck. Wooden decks cost less that those made of composite material and also had a higher cost vs. value ratio. Plus, decks generally require building permits and inspections. 7 /13. Not every home would look good with a patio, just like not every home would look good with a deck. It’s amazing how a few small insects can ruin an enjoyable time on the patio. The way a deck is built allows you more creativity in location. For homeowners planning on staying in their home for a while, this is a major consideration. A deck, porch, patio or similar structure can add value to your home when it's appraised or when it comes time to sell your property. A professional installation will cost more in both cases, but it’s usually worth it in the end. It can add such a ‘wow’ factor that it will make your house move that much quicker, that much better, that much easier, and for more.” A driveway will add value to your home. But this gets tricky because in some areas a nice deck or patio will stand out to potential buyers if the other homes in the area don’t have them. 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. Rotting or broken wood on a deck can make it unattractive and unsafe. Rotting or broken wood on a deck can make it unattractive and unsafe. Cool information, I have always wanted a big deck (wrap-around if I can convince my husband)! 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. But while adding a wooden deck did provide the largest return on investment for … Compare Costs of Decks vs Patios Summary: Average Cost of a Deck vs a Patio The average cost of a 16' x 20' deck is between $6,720 and $22,720 depending on materials and labor costs. Higher-grade materials may also be a good idea, as they tend to extend the life of the patio … Where you live, the materials you use, and how long you plan on staying in your home are all things to consider when deciding on a patio or a deck. According to the same Remodeling study, composite decking was ranked at a 66.8% ROI. Read on for common home updates to avoid if you plan to sell. It’s also a good idea to look at your neighbors’ decks (legally, of course; don’t go snooping around in the dark). More than half of surveyed buyers said that they would be willing to pay a premium for a house with a patio. It can also become a favorite family gathering place for barbeques, birthdays and fully enjoying your outdoor living space. Sunshineandplay is where I come to share my love of outdoor living and playing with others! Higher-grade materials may also be a good idea, as they tend to extend the life of the patio and reduce regular maintenance needs. How long you have the patio before you sell it will also determine the return on investment. Adding a sunroom to your home is more than most do-it-yourselfers can take on, however, experienced sunroom craftspeople will make your sunroom addition as stress-free as when you’re finally sitting there enjoying it. Maybe now that we have a home that a deck would look amazing on, I can convince him with the knowledge that it can add value to the home. If you're concerned about how much your tax bill will increase, call your local tax collector. According to thenest.com, sunrooms hold around 72 percent return in resale value, which significantly adds value to your home. Option 3: There are also designs that “split the difference”: do a few steps down from the door, a mid-level raised patio or deck, and a few more steps down to the yard. The actual structure is built above the ground. “For every single buyer, [a patio] is a huge positive. It can also increase the value of your home if you ever decide to sell it. If your neighbors all have patios made from expensive materials like limestone, quartzite, or sandstone, a concrete patio just isn’t going to cut it. By Kate Dore December 17, 2020 . Other studies put wooden decks at a slightly higher ROI, some as much as 80% or more. A deck is an open outdoor porch or platform without a roof that extends from a house. 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. 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. Decks average between 65% and 85% ROI (return on investment), whereas patios average between 40% and 65%. Before we dive into the details, I would be remiss if I didn’t suggest a few tips on deciding between a patio and a deck. A nice deck or patio certainly can add to the value of your home, but it can easily go the other way if not maintained. A deck provides more outdoor living space, but does it actually increase the value of your house? Some upgrades simply aren’t worth the expense and time. A larger deck will likely add more value than a smaller one, so consider your deck square footage. Then you can take a look at the potential value it will add. Expand living space by adding a deck or sunroom. This will give you the best bang for your buck. And it’s easy to see why. In Minnesota, decks yield a 46.3% ROI while patios yield a 61.9% ROI. Decks are elevated to catch summer breezes and to facilitate conversations with neighbors on their decks. If you decide to add one of these to your home, deeply consider the amount of space needed. Although outdoor spaces aren’t counted in the square footage of your … How Internet Accessibility Affects Communities and Home Values. Published February 21, 2017, Updated June 28, 2020 Decks didn’t do fair as well in the Remodeling magazine report. There are many financing options available to homeowners for building a deck or patio and improving their lifestyle, while also adding value to their property. While getting your house in tip-top shape before listing it can push up the selling price, it’s also easy to go overboard with renovating. With roughly $1.47 billion worth of grills and … Adding a deck or concrete patio to your home is one of the best ways to increase the value of your property. Even a basic concrete slab can be stained to look great. A larger deck will likely add more value than a smaller one, so consider your deck square footage. © 2020 Kutak - WordPress Theme by APALODI. According to Remodeling’s 2020 home improvement study, wooden decks provided an average ROI of 72%. While both options, when done right, will add value to your home, not all homeowners should decide on that factor alone. Lately, the most popular patio materials include: Concrete lasts a long time and is very versatile. So the final question is, can every deck be replaced with a patio? You’ll need a patio that will compare with those of your neighbors while being slightly better, ideally. On average, a deck which cost $10,347 to build added $8,835 to the value of the home when it was sold [source: Remodeling]. Porches and decks add value to your home while giving an additional area to relax and entertain. Also, decks are often the choice for those who want to track as little into the house as possible, because even the best-maintained patio can collect stone dust or sand that gets trapped in shoes (or pet feet). Backyard decks have replaced patios and front porches as the social centers of suburbia in the summer. Especially a stamped concrete patio. Return on Investment of an Outdoor Patio In the NAR/NALP study, a new wood deck will recover 106 percent of its value when the house is sold. Your email address will not be published. The more unique and inviting your patio is, the more money it is going to fetch. A good way to determine which one to choose is to look at what the houses around you have. It can also become a favorite family gathering place for barbeques, birthdays and fully enjoying your outdoor living space. Ideally, you can choose one that will add the most value to your home while providing you and your family with an excellent outdoor space. For a mid-range deck (16-by-20-foot deck) made of a composite material, the national average construction cost was $17,249, which increased a home’s resale value by $11,252, for a 65.2% cost vs. value ratio. The NAR study assigned a “joy score” to each project. A new patio deck will encourage you to enjoy your outdoor space while making your house more attractive and marketable to prospective buyers. A dining area, dry laid patio, a patch of gravel, a covered patio or an above-grade deck: According to SmartMoney.com, a landscaped patio raises the value of your home by 12.4 percent. Below are some factors to consider before installing a new patio. Compare Costs of Decks vs Patios Summary: Average Cost of a Deck vs a Patio The average cost of a 16' x 20' deck is between $6,720 and $22,720 depending on materials and labor costs. No, you will never add that much to the value of your home. Covers should match both the patio and your home’s architectural style. link to 15 Ways to Keep Bugs Away From Your Patio This Summer, Stamped concrete (made to look like high-end stone). If you plan on living in your home for many more years, it’s probably best to decide what you and your family would enjoy. In general terms, a deck will add more value to your home than a patio. link to Does Pressure Washing Increase the Water Bill? Porches and Decks. Since only one of the two studies found that decks pay for themselves when the house is sold, it’s unlikely many homeowners will add a deck purely for financial reasons. Outdoor kitchens are popular additions, and most experts estimate that homeowners with kitchens in their outdoor living… In general terms, a deck will add more value to your home than a patio. From 1999 to 2007 he was vice president for public affairs at the National Association of Realtors. Despite the rising popularity of composite decking, wood still wins out. It seems that the more expensive and extravagant you get with your patio construction, the lower your ROI goes. The larger the deck, the more it will cost to build. This isn’t just important for increasing the value of your home, but also for your enjoyment. Doing so can bring a more definite recouped cost. Your new outdoor living area should not only fit the style of your home and neighborhood, but it should also look natural. The more expensive the deck, the lower the cost vs. value ratio or percentage of cost recovered at the sale. Adding a sunroom to your home is an investment, but it’s an asset that is worth your hard-earned money. If you love spending time outside as much as we do, you've come to the right place. For best results, stick with low-to-mid-range materials and professional installation. Yearly staining and sealing are required to keep wooden decks from warping and fading. I’ve been looking into building a deck for years now, my backyard screams for one, and I’m glad to hear that it helps add value of the home. 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. … However, there are still things to consider before building a deck in your yard. Along with increasing living area at a minimal cost per square foot, installing a wood deck or patio also will significantly add value to your home. 12 Outdoor Upgrades That Make Your Home More Valuable ... Fire features that have a gas burner and patio area cost an average of $6,000 to construct, ... Add a Deck. How Much Value Does a Deck Add? There are decks that come from a door that happens to be a complete story (or more) above the grade below. How to Increase Home Value With a Deck. Justin enjoys spending time with family, reading, and, of course, contributing to Sunshineandplay.com. Large enough for a table and grill, most decks are more versatile than front porches and provide privacy from street traffic. #3 Build a Deck (or a Patio) Adding a whole deck is pricey, but it also effectively adds a whole outdoor room, plus decks provide a high return on … If you live in a part of the world where extreme temperatures are rare, you’re in a position to get a larger ROI for your deck. Make the backyard functional with a new deck or patio. Safest States to Live in America Based on Crime Rates, Five Ways to Get Your Money Back From Bad Contractors, The Priciest Streets in Major U.S. Cities, The Best Cities for Millennials, Generation X, and Baby Boomers. Check out this post which is one of the most popular of all time. The average cost of adding a deck is around $7,500.But some decks can cost far less – and far more. Deck addition A new deck is impossible to forget when potential buyers are touring a home, and for those costing about $15,000, they add about $11,000 to the asking price, for a ROI of 73 percent. How Much Value Does a Deck Add? #3 Build a Deck (or a Patio) Adding a whole deck is pricey, but it also effectively adds a whole outdoor room, plus decks provide a high return on investment at 74 percent for composite and 87 percent for wood, according to Remodeling Magazine’s Cost Vs. Value Report. 3. A deck provides more outdoor living space, but does it actually increase the value of your house? Cost: All of these are nice options, and often times which are selected will depend on what fits the house and yard the best, design taste, material preferences, and budget. A Few Caveats about the Value of Decks If you’re interested in adding a deck as a way to increase the resale value of your home, keep in mind that the cost to build and the amount that you … A deck made of pressure-treated lumber isn’t going to cut it if your neighbors all have decks made of ipe or mahogany. How much depends on factors like typical houses in the area, market conditions, and the type of material you choose. You can expect to recoup at least 70-80% of your building expenses when you … Can Adding a Pool Increase Your Home Value? For an upscale project, a deck made from composite material offers 69.1% returns. Justin Childress is the creator of Sunshineandplay.com. Costs are a secondary consideration to most homeowners. Besides the increased value, are there any other benefits of a wood deck vs composite? They both serve similar purposes, and which one you choose may ultimately come down to your personal preferences and budget. 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