How Building a Deck Can Increase Your Home Value
When homeowners talk about increasing the value of their homes, they usually look inward. They think about kitchen and bathroom renovations as well as basement and attic remodeling jobs and other home improvement projects. While all of these projects can increase a home’s value, there’s one overlooked part of the home that can be a major selling point to home buyers: the deck.
The inside of the home is no longer the only selling factor buyers think about. They want homes that look as pretty and functional outside as inside. Having a deck creates an outdoor space buyers can imagine themselves in, whether it’s grilling or throwing fun parties.
Building a deck can not only increase your home’s value, but it can also become an influential factor to buyers when you decide to sell. Here’s how.
On average, decks can cost anywhere between $1,200 and $10,000. It all depends on what you want done. If you want a large deck with built-in seats and flower pots, then you will pay a little more for the design. According to HGTV, decks recoup anywhere between 65 and 90 percent of their investment.
For many home buyers, having a deck is the icing on the cake. It can be the difference between “We like the house” and “We love the house,” so after you’re done enjoying your deck, it may help you sell your home faster and get a better price.
The Rise of Staycations
As staycations have become more popular, the need for outdoor space has also grown. Thanks to this trend, having a home with a deck has become a necessity so it’s important to talk about staycations when we talk about building a deck.
Picture this: you have a long weekend coming up. The kids are out of school, and both you and your spouse have the time off. Do you plan a big getaway or do you stay home and enjoy a staycation? More and more, a staycation - a vacation in which you stay home and plan something fun - is becoming more attractive to homeowners who don’t have a big budget for a regular vacation. Instead, they want a home that feels like vacation. Not only is the home beautiful and functional, but it is also relaxing and has space to plan something fun.
Building a deck provide ample opportunities for a fun staycation. From cookouts to cocktail parties, a deck has become a major commodity that buyers are looking for - and they’re willing to pay for them.
Tips for Building a Deck
If you do decide to increase your home value by building a deck, keep these tips in mind.
- Hire a general contractor: While you could go at it yourself, building a deck is hard work. If you really want to increase your home value, hiring a general contractor will ensure that your deck is properly built and looks nice. A general contractor will also be able to help you if you should run into any problems during the construction.
- Consider what’s best for you: Decks can cost anywhere between $1,200 and $10,000 depending on the design and all the added features. Budget accordingly.
- Use quality materials: Some homeowners try to save money on home improvement projects by using poor quality materials. Don’t do it.
It might save you money now, but you’ll pay for it later. So tell us, will you consider this home improvement project for your home? Why or why not?