When taking on new projects around the home, it can be daunting, especially if you are remodelling your kitchen or bathroom. One renovation project that will add appeal to your home is improving your aging deck or adding a brand-new deck, particularly if you are upgrading to sustainable composite decking.
This upgrade not only provides the perfect setting for ultimate family relaxation, but it can also increase the resale value of your home. You will be able to enter the property market with confidence with a simple deck upgrade.
Increasing the Value of Your Home with a Deck
While it is a considerable financial outlay to add a deck to your home, it will be money well spent. You could improve the outside of your home to help you feel at ease to relax and increase the resale value if you decided to sell.
How Much Value Does a Deck Give Your Home?
Compared to other household renovations that only recoup around 50% to 80% of their cost, it’s estimated that decks are known to exceed 100% depending on the materials used and the size.
According to reports, decks can recover 102% on average of their building costs and for a mid-range home is the most cost-effective home improvement project you can do.
Whether it is a wooden deck or more sustainable composite decking it is undoubtedly an addition to consider for your home.
It is important to note that the resale value of your home is heavily based on your location. As an example, if you live in an area where you experience the impact of long winters, then spending a lot of money on a WPC deck is not going to have as substantial resale value.
A home that is in a geographical area where the weather is deck friendly almost year-round, the recoup is going to be far more significant.
It has been noted that completing a deck will only retrieve a percentage of the cost unless you eliminate labour costs. Doing your labour will significantly increase what you earn from your investment when it goes on the market.
The decking material you choose is a determining factor when making choices for your remodelling project. The two most common materials used are wood and composite decking, also known as WPC deck.
Wooden decks create a considerable return on investment because the materials are affordable, which means your project is good as resale value. However, they aren’t as…
Continue reading and learn more about decks on ENRE Real Estate website.