Various home improvement projects promise to increase your home value. For homeowners wishing to sell their house, deciding what renovations are worth the investment is tricky. Yet, one home renovation project that stands out among the rest is by installing a deck. According to the National Association of Home Builders (NAHB), adding or upgrading a deck is the second most popular home improvement project. Yet, what makes everyone keen to contact professional deck builders to install them into their homes? It all comes down to how decks can help you get the most out of your return on investment (ROI). But, it begs the question of how to maximize your home value with a deck. See how you can down below.
Reasons a Deck Creates Home Value
Unlike other home improvement projects, a deck has plenty of benefits that contribute to home value.
Beautification & Curb Appeal
Decks’ obvious benefit for home value lies in their inherent aesthetic appeal. Home buyers with an eye for curb appeal will naturally find decks an attractive home feature. You can add more home value by finding ways to make it look even better. A nice paint job goes a long way toward making your deck look practically brand new to home buyers. Pro tip: ensure your deck colour matches your home. Doing so makes your home look even more cohesive and helps highlight other areas (e.g., a lovely garden or landscaping), making it even more appealing.
Creates Usable Space
Unlike other interior renovations, a deck is a home improvement project that adds home value by creating usable outside space. Some might think a patio is enough to do the trick. However, a patio and deck are very different. One of their defining differences is how patios don’t increase home value like a deck. Since a deck is an open outdoor porch or platform without a roof that extends from a house, you can curate your new space however you see fit. For some, it’s a place for your outdoor plants while you read for much-needed you-time. Alternatively, many decks have been transformed into outdoor living or kitchen spaces. Depending on the size and style of your new addition, the number of square feet can add so much home value. Other features further increase your home value, such as running water, seating space, a jacuzzi, a sauna, or a firepit, which will wow home buyers as they fantasize about it.
Ways to Maximize Your ROI From Your Deck
Upgrading or building a deck is proven a worthy investment for various reasons. Compared to adding a bathroom, homeowners have gained more from investing in building a deck. Yet, in what ways can you get more out of your investment? Check out how you can do so here.
If You’re Upgrading Your Deck
If you’re planning to sell your home, approach deck upgrades with the mindset of making it seem brand new. That means ensuring maintenance through cleanliness and possible repairs or features. Firstly, you will want to eliminate debris and clean with a specialized solution geared toward your deck’s material. After all, if home buyers are going to see your deck, you don’t want to turn them off because it looks dirty and messy. Once your deck is tidy, it would be best to contact a professional to inspect it.
Their expertise will make spotting any possible issues with your deck easier and get them fixed. Getting these repairs out of the way is immensely helpful since home buyers won’t see the value in a worn-out deck. Adding useful features like a drainage system to your deck helps prevent moisture damage. It further increases your home value by ensuring safety and assurance of future repair costs. The dry space created from an elevated deck allows for various outdoor living features. These include safely installing lighting fixtures, ceiling fans, gas lines, speakers, and a television.
If You’re Installing a Deck
Do you have a home over a sloped terrain? If so, you can bet that installing a second-story deck is a must. These are a bit pricier since they’re more complicated than your average ground-level deck. However, if you live in a nice scenic area (e.g. mountains, lakes, or forest), they can add home value with just how it can provide a beautiful view for home buyers. Plus, a two-story deck offers more than one outdoor living space. The top level could be more of a living room space to read and have quiet time. Meanwhile, the bottom level is more of an outdoor social space filled with a barbecue grill or a hot tub. With two outdoor spaces, it instantly raises your home value
The popularity of upgrading or installing a deck makes sense. With its various benefits, it’s no wonder it can increase your home value. Even better, doing so can ensure it’s a home project worth investing in and get the most out of your ROI.