Although there are numerous ways to upgrade your home, adding an attractive outdoor deck allows you to host events and spend some quality time with your friends and family. Adding a deck to your home improves its aesthetics and outdoor décor, making it appealing for your family, friends, and others.
So does a deck add value to a home? Building a deck is a practical, reliable, and cost-effective way to increase your home value. Research shows that a homeowner can recoup over 75% of return on investment (ROI) by adding a deck to their home. Building a deck allows you to add outdoor living space to your home.
You can choose from a wide range of design options to create a deck that aligns with your home décor, your lifestyle, and personality. Adding a deck to your home means achieving an additional outdoor space where you can put furniture, grills, plants, etc., to make your backyard more alluring, functional, and enjoyable.
Many homeowners want to relax on a deck with their friends and family, host a BBQ party, or spend some quality time. Whether you currently have a deck or want to build one, it can add usable outdoor living space and increase your home value. In today’s article, we will give you some more details and answer essential questions like: Is a deck worth the investment? and how much value does a deck add to a home?
Is a Deck Worth Your Investment?
The National Association of Realtors Research Group reports that millennials have more tendency toward building a deck onto their homes. Another study shows that a deck and front porch can increase a home resale value and lead to higher returns on investments.
Because the economy is down due to unpredictable lockdowns and social distancing, many people spend their time at home. The more people stay at home for entertainment, the more enjoyable home amenities, such as a deck, are worth having.
Homeowners who consider building a deck can look forward to increased home value. The amount of return on investment (ROI) varies depending on your location, the type of deck you want to build, and the company you hire for construction. However, the average ROI is around 75%, making it an excellent return for added outdoor living space.
Bear in mind that wood or composite decking may lose its value over time. Therefore, consult a professional company like TNT Home Improvements to ensure a deck that stands the test of time, leading to increased ROIs.
A usable and functional deck is directly proportional to your home’s appeal and comfort. During the summer season, most people spend time outdoors with family and friends while maintaining their home comfort.
Building a deck is worth your investment because it enables you to extend your living space give you more of that coveted ‘square footage’. Remember, a deck should look and feel like an extension of your outdoor space and not an appendage.
At TNT Home Improvements, (your Northern Colorado professional deck builder) we recommend elevating your deck to make it a walkout from your house. Whether it is three feet or seven feet above the ground, an elevated living space that lets you walk outside from the kitchen or bedroom adds a perfect finishing touch to your home.
It allows for a more usable entertaining space and offers an attractive transition from your indoor space into the surrounding yard. An elevated deck constructed by a professional company like TNT Home Improvements will make every opportunity out back into something fun.
How much Value does a Deck Add to a Home?
According to JLC Group’s Magazine research report, adding a deck can increase your home value significantly. The average cost of constructing a wooden deck is $13,000 with a resale value of $10,080, meaning you can recoup about 75% of the total cost after selling your home.
Likewise, the average cost of constructing a composite deck is $19,150 with a resale value of $13,000, allowing you to recoup 69.1% ROI. Here at TNT Home Improvements (a reputable and experienced NOCO company with licensed and skilled workers) we recommend re-staining your deck every 2-3 years to maintain it.
Although the maintenance will cost you around $700 each year, it will keep your deck functional for a long time, leading to increased ROIs. Unlike other home improvement projects, such as a backyard patio and midrange bathroom construction, adding a deck can sometimes lead to 85% of ROI, depending on living space quality.
Does Adding a Deck Expand Your Homes Square Footage?
Many people think an outdoor deck is an extra bedroom where they can rest and enjoy their time. Although this is true up to some extent, a deck expands your outdoor space and makes a significant difference in your home’s resale value.
HomeAdvisor reports that adding a deck to your home is a cost-effective solution to expand your home’s square footage. For instance, the average cost of building a new 20×20 square-foot room is between $32,000 and $80,000.
On the other hand, building a 20×20 deck costs you $12,000 to $60,000, making it a more affordable solution to increase your home value and square footage. Not only does a 20×20 deck add 400 square feet to your house, but it also allows you to spend more time outdoors with your friends and family, making it a win-win situation.
A deck can become anything you want such as a romantic area with a cool tub for those hot evenings, a reliable outdoor kitchen with a built-in bar and grill, a living space with decorative table and chairs, a perfect space for doing your nails and soaking up the sun, or an area with a flat-screen TV to watch your favorite shows or movies.
No matter what your dream deck is, it is definitely worth your investment with an increased ROI. Contact TNT Home Improvements today if you want to create a durable, aesthetically appealing, comfortable, and cost-effective deck at your home. We are a professional company with a team of licensed, experienced, and skilled workers who follow a step-by-step approach to construct a usable living space.
Living in the Northern Colorado area? Give us a call today at 970-663-2868 or reach out via the contact page. For more information on our services, click here for info about our deck construction services.