If you’ve been dreaming about adding a custom deck to your home, you’ve probably also asked yourself the question, how much will a custom deck add to my home’s value? At Carefree Decks and Patio Covers in Denver, Colorado, one of our friendly staff members can provide the information you need, from how much it will cost to build, to how much a custom deck will add to the value of your home.
As you might already know, building a new deck is not exactly a cheap undertaking. But, when there are enough plusses, the cost can easily be justified. And you can get started on creating the perfect place to host friends, grill some burgers and toast marshmallows with your family.
There are numerous home improvement projects that will deliver results you can enjoy for the time that you live in your home, as well as produce a return on your investment when you decide to sell. A custom deck is one of the best ways to significantly improve the value of your home. Plus, you get to enjoy all those backyard cookouts that you’ve been dreaming about without having to feel guilty about spending the money on building your dream deck.
Of course, the exact amount of value that a custom deck will add to your home is greatly influenced by a plethora of factors, including the type of materials used to build the deck, the style that you choose and custom appeal, and where your home is located.
Generally speaking, if your home is in a more affluent area, a custom deck will add even more. It is also important to distinguish that we’re talking about a custom built deck. A traditional deck will still add value, but a custom one will add more and could potentially tip the scale drastically in your favor with buyers who are choosing between your home and another property.
So, let’s take a look at some numbers regarding how much value a custom deck could add to your home. You can’t take this as a law of the universe, but generally speaking, it is estimated that a homeowner will get back 60-90% of the money that they put into the deck.
For the sake of making the math simple, let’s say you spend $10,000 on your custom deck. You could get $6,000 to $9,000 back in your pocket when you sell your home down the road. And that’s typically after you’ve had numerous years to enjoy relaxing on your deck. Basically, your future buyer is paying for a large portion of the deck that you’re getting to use.
Here are couple more figures to consider. Building an average wood deck costs around $21 per square foot, whereas interior remodeling averages around $130 per square foot. That makes building a deck a far less expensive home improvement project if you’re looking to increase your home’s value.
Keep in mind that the construction you decide on needs to be durable. Having your future buyer pay for a custom deck that you get to enjoy only works if the deck is still beautiful years down the road. Proper maintenance goes a long way, but you’ve got to start with a quality product. Also, do not forget to think about extras like deck lighting and matching furniture that helps boost the aesthetic value even higher!
So, how much will a custom deck add to my home’s value? Plenty. If you’re ready to get started or have further questions, feel free to give us a call here at Carefree Decks and Patio Covers. We are a family-owned company and committed to giving our customers a satisfying experience. With 20+ years of serving the Denver, Colorado area, we have the wisdom and expertise it takes to build a custom deck that retains its beauty and value, giving you the biggest return on your investment.