Decking as an extension of a home’s living space can provide homeowners with a more peaceful and welcoming environment. The perfect outdoor space provides a better place to enjoy life. That’s why homes with outdoor spaces are so attractive to homebuyers. But choosing the right building materials for your outdoor space is also an important factor in the value of your home. In this article we will discuss can composite decking add value to a home and how much of an impact it can have on value.
Whether you plan to sell your home or not, it is always good to add value to your home. There are many common ways to add value to your home, but one of the most convenient and quickest ways is to remodel your home. If you want the value of your home to increase effectively, then keep your remodeling costs appropriately low. A small remodeling project, such as adding outdoor deck space, can effectively improve the value of your home.
Can composite decking add value to a home?
There is no doubt that composite decking can add value to your home. According to the Value Report analysis, investing in a deck can increase the resale value of your home by 65%-75%. If you choose to use a wood deck, you can recoup about 75% of the cost. Using composite materials for your outdoor deck can recover about 65% of the cost.
Looking at the numbers, it appears that traditional wood decks have a higher cost recovery rate. But the exact value a deck adds depends on your personal enjoyment as well as the benefits and features of the deck material.
With the increased cost of traditional wood and the substantial maintenance costs of wood later in life, more and more homeowners are opting for composite decking boards. While composite has a lower cost recovery rate than wood decking, it offers benefits and a quality of life that can’t be matched by wood decking.
How composite decks can add value to your home
Expand your square footage
While remodeling with composite decking can’t add space to your home, it can create a welcoming outdoor living space. Extra living space can make a significant difference when it comes time to resell your home. Creating an outdoor deck is an effective way to add extra space to a building, and it costs far less than buying a home.
Buying a 200-square-foot home will cost you between $16,000 and $4,000. But the same size outdoor deck space may cost less than $10,000.
Lower Maintenance Costs
Traditional wood is cheaper than composite materials in terms of initial cost, but it costs more to maintain later. With traditional wood, you’ll need to stain, sand, or seal it every two to five years. These high subsequent maintenance costs can directly affect the cost-effectiveness of wood decks.
On the other hand, composite decks require little to no maintenance and therefore can save you even more in subsequent costs. Composite decking offers excellent durability, low maintenance, and resistance to fading. Just regular cleaning of your deck is required to maintain its durability and longevity well. This makes it an excellent option for adding value to your home.
Adds curb appeal
A beautiful outdoor living space will bring you more interested home buyers. Composite decking comes in a wide range of colors, textures, and finishes. We are providing homeowners with endless design possibilities. Well-designed composite decks can effectively increase the visual appeal of a home, creating a more comfortable living environment. The improved aesthetics of a home can contribute to the overall value of the building.
Composite deck boards are noted for their durability, low maintenance, and longevity. These characteristics will make your outdoor deck highly functional. It is possible to use your deck for a longer period of time without deterioration and damage. Using high-quality composite materials will enhance the durability of your outdoor space and improve its overall utility.
Composite decking also offers the important advantage of longevity. Unlike traditional wood decking, it won’t warp, crack, or rot with use. Homebuyers are certainly interested in homes that are more durable and require less maintenance so that composite decking can add even more value to your home. It can withstand all sorts of weather extremes and elements and maintain its original appearance over a long period of time. This is why it can add value to a home.
As technology advances, homes with more features and amenities are becoming more and more popular. Composite decking caters well to this trend by extending your indoor living area and creating a place to relax and entertain. Because of its appeal and added value, homes with composite decks will likely attract more home buyers.
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Factors to consider when investing in composite decking
Before deciding to buy composite decks, one needs to remember that they may not be suitable for all homeowners. Therefore the following factors need to be considered.
Installation area: you need to know the climate of your surroundings. Extreme weather can have a serious impact on the durability of composite materials. You need to choose a more suitable deck based on the climate of the installation area.
Choose according to your budget: the cost of composite decks is directly related to the quality so that some decks will be more durable. Don’t choose a poor-quality deck because you want to save money. Look for some composite decking distributors who will offer you decks at more affordable prices.
Time of use: different decks have different lifespans, so it is very important to choose composite decks based on how long you will use them. If you are planning to sell your home after 10 years, then you need to invest in composite decking boards that have a lifespan of 20-25 years. This ensures that the outdoor space remains intact at the time of sale.