Do you want to increase the value of your home but remain within your budget? A complete renovation, even for a single room, can cost thousands of dollars, and if you plan to stay in the property, the cost may not be worth it. If you want to sell your house immediately or buy and sell houses for profit, you want to keep the renovations simple and cheap. Having a deck on the outer of your property can immediately raise your property price. Of course, you can also look at the space outside the house to increase the value of your property.
Building a new deck can be a very good backyard addition project, which will bring you a brand new outdoor living space. Not only can you enjoy your backyard more, but a deck can also increase the value of your home. If you plan to sell in the next three to five years, your additional deck will increase your return on investment if it is still in good condition with the right decking oil and regular maintenance.
The Cost And Installation Budget Of Building An Outdoor Deck
Material cost is another important factor in the overall price of the project. The two most commonly used materials for the deck are natural wood and plastic composites. Although decks of composite wood are more expensive than certain types of solid wood decks, the cost will vary greatly depending on the quality of the material. Both natural wood and composite wood have their advantages and disadvantages, and you should consider them when making your choice.
Materials For Your Deck Investment
- Classic look
- Slightly more expensive
- High durability
- Low maintenance cost
A deck made of composite wood has become another popular choice in recent years due to its durability and low maintenance requirements. They are usually made of polyethylene, polypropylene, or PVC.
Reshaping Your Ideas Can Increase The Value Of Your Home
Choosing a feature you want to enjoy is as important as getting a good return on investment. This is what makes the new wooden deck a great choice.
Essentially, a deck does not determine the value of a house, things such as its location and the popularity of the market, are beyond your control.
As the current real estate market is somewhat unpredictable, more and more homeowners decide to temporarily shelve their plans to sell their houses. Very smart move!
The appearance of the house needs to make potential buyers want to go through the front door.
Ensure that the existing landscaping is well maintained. If your yard looks dull compared to your neighbors, consider planting flowers or repolishing the floor of your deck with the longest lasting decking oil.
Considering The Figures Of Investment And Return Of Your Deck
The extension of a timber deck requires an average of $13,333 and the average resale price of it is $8,083. This indicates homeowners could recover from 75.6% of the price once they have an opportunity to contract the house. The extension of a composite deck requires an average of $9,150 and the average resale price of it is $13,232—that’s a sound 69.1% of the value that can be recovered. Decks generally recover 87.4% of the investment of medium-sized projects at a cost of approximately $9,500, however, all vary based on size. A deck will provide a place to relax and entertain until the day you sell.