Summertime is the perfect time for outdoor living. Whether it’s a cookout, sipping wine on a lounge chair, or watching the kids play in the yard… outside is the place to be at this time of the year. Adding or upgrading a deck can expand your home’s living area and offer a transitional space between your home’s interior and the great outdoors for the summer and beyond.
Is a Deck a Good Home Investment?
Adding a deck isn’t just an excellent investment in your home’s function: it may be a solid financial decision as well. Return on investment (ROI) for a deck installation averages around 70 percent – depending on materials used, quality of the build, location, and market conditions. A well-built wood deck in a popular location can have an ROI greater than 80 percent.
When choosing materials for your deck, be aware that wood decks typically have a greater ROI than composite decks. This is mainly due to their lower initial installation cost. A composite deck, however, may be better value in the long term because they last longer and require less maintenance. Another factor to consider is the size and level of customization of the deck. It may seem counterintuitive but large, heavily customized decks may have lower ROI and can be off-putting to some potential buyers.
Does a Deck Affect Home Appraisal?
Adding or upgrading a deck, like any significant improvement to your home, may increase the appraised value of your property. If you plan to sell your home or to leverage your home equity in the future, this may be to your benefit.
Is a Deck or Patio Better?
Both decks and patios can add value and living space to your home. When deciding between the two, you should consider your home’s architecture and the lot on which it sits, as well as your personal preferences.
Aesthetically, decks have some distinct advantages over patios. They can be designed to maximize scenic views and can be built with multiple levels for visual interest as well as added functionality. A deck may be more appropriate than a patio for an uneven or sloping lot.
Decks usually cost more to install than a patio, but they also provide a greater return on your investment. They do, however, require more maintenance and poorly maintained wood decks (in particular) may be prone to warping, rotting, and weather damage. That said, decks contribute far more to your home’s curb appeal – especially when visible from the street.
Exceptional Service for More Than 100 Years
The Simpson Roofing Company can manage your deck, patio, or porch project, from start to finish. We are a family company committed to providing exceptional service in the tri-state area for more than a century. We offer residential roofing, commercial roofing, specialty and custom roofing, property maintenance and a broad range of contracting services. Call (973) 794-3500 or contact us online for additional information or to request a free estimate for your project. We look forward to hearing from you.
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