Does Adding a Deck or Porch Add Value to Your Home?
It is no surprise that adding an extension onto your home, whether that be a deck, screened-in porch, four-season porch or a new patio, will improve your property’s appearance and will vastly increase its value.
ADDED SQUARE FOOTAGE
Not only does a deck give you a new area to relax outdoors, but it actually increases the square footage of your home. What does that mean for you? A higher resale value!
"According to Remodeling magazine's 2021 Cost vs.Value report, on average, a homeowner can recoup around 63% of the cost of a composite deck or almost 66% of the cost of a wood deck," explains Better Homes & Gardens. "Why? Because home buyers are willing to pay top dollar to own a deck."
WOOD VERSUS COMPOSITE DECKING
Typically in northern states like Minnesota, it is more common to select a maintenance-free decking material for a long-lasting return on your investment. Composite decking is made of wood fibers encased in plastic and requires little to no maintenance throughout the life of the deck. While it does come with a higher price tag, choosing composite decking will have you avoiding any issues of warping, splintering, termites or rotting over time.
That does not mean that wood is not a viable option for your deck or porch, however. You will still experience a higher resale value on your home, especially if you build a deck close to the time of selling. Wood is significantly less expensive than a maintenance-free material, but keep in mind that you will have some upkeep every year, especially in a snowy state.
There are many custom options to consider when building a deck, and almost all will increase your home's value. For example, adding stairs, or replacing outdated frail stairs, will make the deck much more functional and give you easy access to your yard.
Investing in a three-season or four-season porch is also a practical investment for Minnesota homes. Not only will you get to appreciate the added space for more months of the year, but future buyers of your home will want to pay you for it. Other features, such as pergolas, lighting, concrete patios and built-in fireplaces are all extra amenities to consider including in your deck project. After all, your home is where you spend most of your time, so why not make your new space something that you will value forever?
DON'T WAIT TO GET STARTED
No matter the season, it is never the wrong time to begin the process of designing your deck or porch. Reach out to Minneapolis Decks to get your questions answered or to get started on pricing for your future project. (Our reviews speak for themselves!)