Making a renovation to your house may seem a risky step considering the question, would it be financially worth it or not? We may have answers to your curiosity. After reading this article, you should be able to make clear decisions on whether to add a deck to your house or not.
Decks are an important part of the house — cosmetically and practically as they add a whole lot of beauty and a perfect place for a candlelight dinner or a sunset barbecue.
Adding to the resale value of the house
As we've explained, adding a deck to your house or hiring a deck builder to renovate your weary and old deck can beautify your house and make it much more comfortable.
But allow me to make a revelation that building a deck can increase your home's resale value. Whereas other accessories may increase the value up to 50% of their original value, decks can repay 100% of their cost after the construction is finished!
Cost of deck building
Everything comes with a cost and when adding a big luxury to your house like building a deck, it may cost a handful of bills.
Hiring a deck builder to build a wooden deck may cost about $10,000 and building a composite deck may cost about $17,000.
However, you can easily categorize adding decks into your house as an investment rather than a luxury. Adding a deck will increase the resale value of your house and you may confidently walk into the market and ask for the additional price of the deck and still attract reasonable customers.
In 2018, the National Association of Realtors gave their annual Remodeling Impact Report. In the report, they published some astonishing discoveries. They claimed adding a wooden deck was the most cost-effective home improvement step for a mid-range house.
Factors affecting resale
The geography of the location of your house will majorly determine the cost-effectiveness of renovating your old deck or building a new one.
You must ask the deck builder if this weather suits the idea of building a deck in your house.
If your house is in an area with a lot of snowfall and rain, then your deck may not be able to repay the investment you made because customers would be uncomfortable paying additional dollars for the deck that wouldn't last long.
It's advisable to build it in deck-friendly weather and the material of the deck should be a primary consideration. It's clear that when you're building a deck, you're making a good investment and hoping for at least the return of the investment you made, but you can also make money in this business.
All you have to do is obtain the relevant permits and ask the deck builder to construct a DIY deck to minimize your spending and subsequently increase your profit.
Deck material to choose
The major factor in deciding the resale value of your deck is the material with which it is made. One type is a wooden deck and the other is composite. According to your requirements, you may buy any of the two types.
When your focus is solely on the return of your investment or you're hoping to make some profit out of the project, a wooden deck is a preferred choice. As every deck builder will tell you, the material of the wooden deck is half as costly as the material of the composite deck.
It would boost your resale value similar to constructing a composite deck.
But if your house is in a Porsche area, people there will be willing to pay extra for the composite deck as it has no problem with the weather and it has minimal maintenance with zero cracks that appear in the wooden deck with time.
Building a deck in your house can be a good idea if you do it wisely. First of all, choosing a good deck builder must be the primary concern as a bad deck builder may ruin your construction. You also must be aware of the fact that if you build a deck and your house has no customers immediately, the deck may start to wear out with time. All in all, building a deck can easily repay its construction cost and in addition, may give a hefty profit.
Authors Bio: Elliot Rhodes
Elliot has been both an interior and exterior designer for over 8 years. He is happy to plan and design exteriors of residential, commercial, and industrial buildings. He helps others with beautifying the outside areas of their homes and businesses. When he has free time, he is writing articles on latest designing trends and projects