When it comes to enhancing your home’s value, adding a deck is one of the smartest investments you can make. Not only does it expand your living space, but it also improves your home’s curb appeal. Whether you’re planning to sell your home soon or want to enjoy an updated outdoor area, understanding the relationship between decks and home value is key.
Decks are more than just an outdoor addition; they significantly impact the overall value of your home. In fact, according to Remodeling Magazine’s Cost vs. Value report, adding a deck can recoup approximately 65-75% of the cost in resale value. This return on investment (ROI) often makes decks one of the best remodeling projects for homeowners who want to increase their property’s value without breaking the bank.
Another critical factor in the value increase is the material you choose. Composite decks tend to offer higher resale value because of their low maintenance and long-lasting appeal, whereas wood decks may require more upkeep but still provide a strong ROI. Regardless of material, homeowners can expect their deck to attract potential buyers, giving them a competitive edge in the market.
First impressions are everything, especially when selling a home. Decks add a visual dimension to your home’s exterior, making it more attractive. A beautifully designed deck creates a welcoming environment, which can sway buyers who might be on the fence about making an offer. Prospective buyers often see decks as additional living space—perfect for entertaining, relaxing, or dining outside—which contributes to a more enjoyable lifestyle.
Moreover, adding a deck can seamlessly blend your indoor and outdoor spaces, making your home appear larger and more versatile. The appeal of having a multifunctional outdoor space is a strong selling point for many buyers, particularly those in regions where outdoor living is popular.
The size and design of your deck also play a role in increasing home value. Larger decks tend to have a higher return, as they offer more usable space. However, bigger isn’t always better; it’s crucial that your deck design complements your home’s architecture. A well-designed, medium-sized deck can often deliver better returns than an oversized one that feels out of place.
Adding features like built-in seating, lighting, or a pergola can enhance both functionality and appeal, further boosting the value. Decks that include these types of upgrades tend to stand out in the market, giving your home an extra edge in competitive neighborhoods.
It’s important to remember that the value a deck adds can vary depending on your location. In regions with a strong focus on outdoor living, such as Michigan, decks are a highly desirable feature. Potential buyers are often willing to pay more for homes with a functional and stylish outdoor area that allows them to enjoy the changing seasons.
Understanding your local real estate market is key when deciding what type of deck to build. Consulting with local deck-building professionals, like CRUM Style, can help ensure that your investment maximizes both your enjoyment and your home’s future resale value.
In summary, decks and home value are directly related—adding a deck to your home can substantially increase its marketability and resale price. Whether you choose a modest wood deck or a premium composite deck, the benefits go beyond aesthetics. With thoughtful planning, a deck can become an asset that pays off in both lifestyle enjoyment and financial gain.
Ready to add value to your home with a custom deck? Contact CRUM Style today to start designing your dream outdoor space that not only enhances your home’s beauty but also boosts its market value.
Additional Resources:
Remodeling Magazine
www.remodeling.hw.net
Remodeling Magazine’s annual report on the cost vs. value of home improvement projects.
Houzz
www.houzz.com
A platform to browse deck designs and see how they can influence home value.
Realtor.com
www.realtor.com
Learn about the home resale market and how outdoor spaces affect property prices.