Do Decks and Pools Add Value to Your Home?
All Decked Out
Decks aren’t a cheap investment but they do pay off. Having a deck makes it feel like you’re providing more livable space in your home, without incurring the extra costs to provide heat or A/C.
What kind of return on your investment will you see with a deck? Depending on the material, size and scope of the project, you can see upwards of an 80 per cent of the price of the deck reflected in the new value of the home.
For those of you with existing decks in need of a little refresh (replacement boards, stairs, or railings), you’re in luck: Deck restoration projects tend to be much less expensive than new builds, but can recover the cost of the project upwards of six times.
Take the Plunge
You won’t see a monetary return on your pool investment once you factor in all the extra costs to maintain it.
If you plan to stay in the home and enjoy the pool for years to come, take the plunge. But it’s not a project worth taking on if you’re looking to add value.
Value comes from two places:
1- how much enjoyment you get out of the new structure
2- how much resale value it adds to your home.
Even if one of these items won’t give you the financial return you thought it might — if it’s something you’ll use and love for years to come — well, that’s value too.
Contact us today to learn more about what renovations provide the best return on your home!