Outdoor living areas are becoming more popular than ever. Having an area outside where you can grill out, entertain, and just enjoy nature is something that many homeowners desire. If you are considering adding more outdoor space to your home, there are a variety of options to choose from. One option that you may be considering is a new deck. When it comes to adding a deck, there are a variety of options available. Here are three things to consider when adding a deck to your home.
Return On Investment
Adding a deck to your home can be pricey. The good news is that a new deck can increase your home's value when you go to sell your home. A new deck has an average 75 percent return on investment. That number can be even higher in warm parts of the country where more time is spent outdoors. While a new deck can make your home more attractive to potential buyers, it's also an enjoyable addition in the meantime. You may want to look at comparable homes in your neighborhood and see what type of decks they have. In most cases, a mid-range wooden deck will over the best return on your investment.
Cost of course is one factor that you will likely consider carefully when building a deck. The cost to add a deck to your home can vary greatly depending on the size of the deck and the material used. The cost of a standard wood deck installed by a professional averages out to $15 per square foot. Decks made up of hardwood or composite materials tend to be pricier. A deck made out of these materials averages out to around $35 per square foot. Your deck contractor can help you determine which type of deck will work best for your needs and your budget.
While the cost of building a deck is certainly something you should consider carefully, there are also other additional costs that may come along with building a deck. A new deck can mean added taxes depending on where you live. You may also find that you need to add your new deck to your homeowner's insurance policy. Deck maintenance is also an expensive you should consider. Wood decks require staining every few years. The average cost to stain a deck ranges from $540 to $1,050.
A new deck can be a great addition to your home. Decks have a good return on investment and can be beneficial if you sell your home in the future. Before adding a deck it's important to take a close look at your options and determine which type of decks works best with your budget. It's also important to consider any additional costs that come with adding a deck. Speak with a local deck contractor to learn more.