How Much Value Does Building a Deck Add to a House?
Installing a deck can significantly enhance the value of your property by creating a functional outdoor living space. Well-designed decks not only increase curb appeal but also offer desirable features for entertaining and relaxation. This adds a distinct advantage when selling your home, as potential buyers often view such features as attractive.
Regional Considerations in Deck Installation
The timing and feasibility of adding a deck can vary based on the region. In places like Minnesota, where the building season is short, new houses rarely come with decks unless custom-built by a homeowner who insists on this feature. The cost of installing a deck later is usually lower because builders need to complete construction quickly to finish other projects before winter.
In contrast, in regions like Kansas City, where construction can continue year-round, more new houses come with decks. This means that the value of a home with a deck may already be reflected in the initial sale price, making the additional value of a deck more marginal.
Impact on Home Resale Value
A properly constructed deck can indeed boost the value of your home. According to the 2020 national Cost vs. Value report from Remodeling Magazine, investing in a 16-by-20-foot deck can increase your home's resale value by 65–75%. This is a substantial return on investment that makes the addition of a deck a wise choice for home improvement projects.
Real Estate Agent's Role
Real estate agents can assist in determining the value impact of a deck by using nearby comparables. Homes with decks may fetch an additional 1,000 to 3,000 dollars compared to those without, highlighting the passive but significant advantage that decks bring to property value.
Cost vs. Return on Investment
While the value increase from adding a deck is substantial, it’s important to note that the cost of installation exceeds the value it adds. Investing in a deck is often a wise choice, but the financial benefit needs careful consideration. The decision should be based on the individual's budget and the overall desirability of the property with a deck.