Decking and its impact on the resale value of your home
When taking on new projects around the home, it can be daunting, especially if you are remodelling your kitchen or bathroom. One renovation project that will add appeal to your home is improving your aging deck or adding a brand-new deck, particularly if you are upgrading to sustainable composite decking.
This upgrade not only provides the perfect setting for ultimate family relaxation, but it can also increase the resale value of your home. You will be able to enter the property market with confidence with a simple deck upgrade.
Increasing the Value of Your Home with a Deck
While it is a considerable financial outlay to add a deck to your home, it will be money well spent. You could improve the outside of your home to help you feel at ease to relax and increase the resale value if you decided to sell.
How Much Value Does a Deck Give Your Home?
Compared to other household renovations that only recoup around 50% to 80% of their cost, it’s estimated that decks are known to exceed 100% depending on the materials used and the size.
According to reports, decks can recover 102% on average of their building costs and for a mid-range home is the most cost-effective home improvement project you can do. Whether it is a wooden deck or more sustainable composite decking it is undoubtedly an addition to consider for your home.
It is important to note that the resale value of your home is heavily based on your location. As an example, if you live in an area where you experience the impact of long winters, then spending a lot of money on a WPC deck is not going to have as substantial resale value. A home that is in a geographical area where the weather is deck friendly almost year-round, the recoup is going to be far more significant.
It has been noted that completing a deck will only retrieve a percentage of the cost unless you eliminate labour costs. Doing your labour will significantly increase what you earn from your investment when it goes on the market.
The decking material you choose is a determining factor when making choices for your remodelling project. The two most common materials used are wood and composite decking, also known as WPC deck.
Wooden decks create a considerable return on investment because the materials are affordable, which means your project is good as resale value. However, they aren’t as eco-friendly as composite decking and are impacted considerably by weather and change in temperature. They require a lot of upkeep to maintain their quality, especially if you are considering selling your home and want to benefit financially from it.
Wooden decks are not a smart option for areas that are snow-laden as wood in decking form is not designed to stand up to conditions. Wooden decks are the best option if homeowners are looking to sell their home as soon as the decking project is complete.
Although composite decking is a little more expensive on construction than wooden decks, its requirement for little upkeep and durability far outweigh the costs of keeping a wooden deck maintained.
Composite decking is growing fast as a choice in the deck industry. It is particularly well sought after because of its sustainable qualities and that it is virtually impervious to weather extremes and changes in temperature. WPC deck only requires occasional cleaning to keep it looking fresh and new. Due to this, many people choose composite decking to avoid the commitment to routine maintenance that is required of other materials like wood.
Composite decking is ideal for homeowners who want to enjoy their deck for many years and still gain value when it comes to resale of their home.
Give Your Deck Style with Furniture and Accents Furniture
Choosing the right furniture for your wooden or composite decking for when you have open homes, can make all the difference in sale price. Your well-maintained deck will shine by adding the right outdoor furniture set and accessories.
To please guests and potential buyers, keeping our furniture contemporary with a casual feel will make them feel invited and at home on your wooden or WPC deck. Choosing furniture that is resistant to fading is ideal as are choices that match your personality – whether that be matching chaise lounges or a bar set for entertaining.
Bring your wooden or composite decking to life with carefully curated accessories that will help boost your home resale value. This should include:
Arranging a selection of blooming perennials, flowers and grasses in planters or as a privacy wall on your wooden or composite decking will infuse your outdoor space with vitality.
Umbrellas are particularly good for your deck, especially if it doesn’t have a roof attached. They provide shade while you spend time on your wooden or composite decking and will liven your space up with some colour.
A wooden or WPC deck looks best when it is contoured for comfort. While cushions are primarily about comfort, they also elevate your space with pops of colour.
Taking all this into consideration, you will be able to successfully upgrade or add a wooden or composite decking to your home and recoup most of your investment at resale.