A deck in your backyard can become a social centre for your home in the summer months. It can be a place where your family spends time together and an additional living space for dining, entertaining and relaxing. As Albertans, we love spending as much time as possible outdoors in the summer. Having a beautiful and functional space to do this will enhance your home life and add value to your property.
Cost vs. value of a deck addition.
A deck addition built by a reputable deck builder can have a great return on investment. In fact, a wood deck addition will recoup nearly 83% of it’s cost at resale, according to a cost vs value report from Remodeling Magazine. That means if you spend around $11,000 on a beautiful new deck, you can expect the value of your home to go up by at least $9,100.
The example used in the report was a 16-by20-foot deck that was built with pressure treated lumber and supported by 4×4 posts anchored to concrete pilings. This deck had a built-in bench for seating and a planter also built with pressure treated wood. It also had stairs and a complete railing system built to code. Not only does this simple deck design provide ample space for your family’s enjoyment, it also puts more money back into your home than other home improvement projects.
Decking materials make a difference.
There are three common materials used for decks in Alberta: pressure treated lumber, cedar and composite decking. A wood deck has better value for the cost, compared to the more expensive composite decking. However, composite decking is considered more durable and is nearly maintenance-free, so you will have to decide what is more important to you and how soon you might want to sell your home.
Consider your own personal enjoyment as a return on investment.
More expensive decks have a lower monetary return on investment but might be more suitable for your family’s current needs. If you are planning on staying in your home for a long time and want to invest in your own recreation and relaxation, then the cost of the deck and whether you’ll recoup it at resale might be less important to you. A deck addition will increase your life at home and that ‘joy factor’ can be the best return on investment.
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