Does a deck or patio add more value?
Remodeling Magazine estimated in their 2018 cost vs. value report that, on average, homeowners spend just under $11,000 to add new wooden decks, but only see the resale value of their homes increase by $9,000, which is about 82% in recouped costs. DON’T: Take up too much space on the deck or overtake the backyard.Click…
Remodeling Magazine estimated in their 2018 cost vs. value report that, on average, homeowners spend just under $11,000 to add new wooden decks, but only see the resale value of their homes increase by $9,000, which is about 82% in recouped costs. DON’T: Take up too much space on the deck or overtake the backyard.Click to see full answer. Also to know is, is it cheaper to build a deck or patio?The average cost to install a patio is a little over $3,000, compared to the $7,000 average cost to build a new deck. If you are considering other major improvements for your property, a new patio would give you more flexibility and lower your total expenses.Secondly, which is better deck or patio? A deck is an open outdoor porch or platform without a roof that extends from a house. Patios are generally less expensive than decks, but the ROI on a new deck addition runs greater than one on a patio. Secondly, how much value does a deck add? Homeowners who installed a 16-by-20-foot pressure-treated wooden deck onto their house recouped an average of 85.4 percent of the cost of the project. On average, a deck which cost $10,347 to build added $8,835 to the value of the home when it was sold [source: Remodeling].Is adding a deck a good investment?Adding a deck to your home is one of the most worthwhile of all home improvement projects. One of the reasons that a deck is such a good investment is because it increases living area at a minimal cost per square foot.
