BEFORE – (recent Gennaro Contracting project)
AFTER (recent Gennaro Contracting project)
If your home doesn’t have a deck, or the deck you have is in need of repair or even complete renovation, you may be wondering how much return you’d get on investing in a deck project. Although there are different factors involved in how much value it adds to your home, the answer to whether or not a deck will increase your home’s value is almost always a resounding YES!
According to Remodeling Magazine’s 2024 Cost vs. Value report, a deck typically returns 68% to 83% of its installation cost in home value when you sell, depending upon the material you choose. Wood decks recoup a bit more initially on resale because they are less expensive to build, but composite decks – while costing more upfront and therefore having a lower percentage return – appeal more to buyers, because they last longer and require less maintenance. Wood decks typically last 10 to 30 years with several rounds of required sanding, staining and sealing during their lifetime, while composite decks – like the Trex decking Gennaro Contracting uses – can last up to 50 years with minimal maintenance. Soap and water or a quick power wash occasionally is all it needs. Therefore, a composite deck may make your home easier to sell in the first place. Gennaro Contracting is a certified Trex Expert company, and can provide perks such as a 25-50-year limited warranty depending on the product line you choose to have us install.
Some of the other key factors that can alter the value of your new or renovated deck include: location, quality, and size. In regions with milder weather or longer outdoor seasons – like our lovely Pacific Northwest – returns on investment can be significantly higher, with homeowners sometimes recouping 100% of the cost. Most homebuyers in these areas will expect an outdoor living space where they can lounge, grill, or dine in the fresh air. When you are considering size, design, and quality, you should aim for a deck that matches your house style and fits your yard size; these factors will appeal more than a basic platform, or a mismatched style or size. Gennaro Contracting’s Design Consultants can help you decide what style and size of deck is right for your home.
But a factor that is possibly more important than the financial return on investment is how much a deck can increase your personal enjoyment and quality of life. According to reports from the National Association of Realtors, a deck addition increases homeowners’ “joy rating” to 9.8 out of 10. Digging into the numbers a bit deeper, they found that 74% of homeowners reported having a greater desire to be home since completing their deck project. A deck gives you more room to entertain, gives you an excuse to spend more time outside, and increases your home’s curb appeal. Another benefit of a deck renovation – as opposed to an interior remodel project – is that it is much less disruptive to daily life while the project is underway.
So, when trying to decide which home project is going to provide you the most satisfaction, increase home value, and give you a great return on investment, a deck is always a wise choice. From concept to installation, Gennaro Contracting loves helping clients realize their deck dreams.
