How Much Value Does A Deck or Patio Add To My Home?

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aFor the most part, everyone likes to do home improvements to their home for two reasons.

One of these reasons will be, of course, to enjoy the home improvement. The other reason is to improve the investment value of your home; this may come in the form of converting a half bath into a full bath, or even going as far as getting an addition put onto your home to add square footage, etc.

All of the above-listed home improvement or upgrades are wonderful; however, a few of these items may bring the best ROI (Return On Investment) for you and your family.

Deck or Outdoor Patio

A deck or outdoor patio may bring you the best return on your investment, and we have listed the top three reasons why.

  • Proof With Numbers
    • Homeowners who installed a deck with either pressure treated wood or composite decking, such as Trex Decking, typically get an 84% return on their investment. 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.
  • No Restrictions When Selling
    • A deck or patio is something that everyone can use whether you are a single person hosting friends, or have a growing family and use the deck for gatherings or BBQs. For example, if you were to decide to put a swimming pool in your backyard, some people that may want to buy your home may look at a swimming pool as an unnecessary expense, especially if they do not have a growing family. You want your home to be attractive to all potential buyers, not just buyers that could use an certain upgrade such as a swimming pool.
  • Does Not Break The Bank
    • Your next home improvement project does not need to break your bank account. Especially when it comes to a deck as a typical deck about the size of 16 x 20 will run roughly around $11,000 to build and install at your home. Compared to other home improvements such as a swimming pool or full-blown addition to your home could cause upwards of $50,000 plus. Not to mention, a swimming pool will add additional costs such as a fence around the pool (depending on your county) and your insurance costs will most likely increase as well. With something like an addition to your home, your monthly bills are likely to increase as you will now have more square footage to maintain with heating and cooling.

Schedule A Consultation

If you are searching for more information on your next home improvement project or are interested in adding a deck or patio to your home, Orbe Construction in Baltimore, MD can serve your outdoor needs. Contact us online or call 301-909-8034 today for a free estimate for your siding project.