Building a deck is an amazing cost vs. value home improvement. With interest rates being high and people deciding to stay in their homes instead of moving, there’s been and uptick in home improvements. But which home improvements are the best to invest in? There are two ways to look at investment. You can look at the enjoyment you will gain from the improvement and you can also look at the resale value it will add to your home when you do decide to sell it. Both are worth a lot when it comes to value.
Consider the Resale Value of a Deck
Building a deck is one of the top seven home improvements that raise your property value. According to the Remodeling 2024 Cost vs. Value Report, home exterior projects have some of the greatest returns on investment (ROI). A new 16′ x 20′ pressure-treated wood deck costs an average of $17,615 with an 83% ROI. This estimate includes railings, a three-step staircase, and a built-in bench. For the same thing made with composite decking, the average cost is $24,206 and has a 68% ROI. It’s easy to raise your property value with a new deck and enjoy it for years.
Add the Entertainment Value of a Deck
Besides adding resale value to your home, if you plan to live in your home a bit longer, adding a deck will bring a lot of enjoyment and expand your living space. Factor in the benefits of having a new deck over the next few years (seven years is the average time someone owns a home) and if you invest $20,000 and live in your home for seven more years, you will get $16,600.00 back on the deck when you sell your home. That means It only really costs you $485.71 per year. Who wouldn’t want a new awesome outdoor entertainment space for $40.47 per month?!?! When it comes to adding value to your home and getting value out of a home improvement project, decks rank high.
Decks Are Great Home Investments
When interest rates drop, the housing market will take off again. If you’re looking for ways to make home improvements to get your home ready to sell, or maybe you just want to make smart home improvements that will add value if and when you decide to sell, a deck is a good choice. As you can see, in the Remodeling 2024 Cost vs. Value Report, decks ranked number seven on projects with the highest ROI. So if a new deck has been on your want list, build it now, enjoy it for several more years, and get a great return on your investment when you sell your home.
Get More Deck for Your Dollar with Creative Concepts & Design
There are plenty of deck builders in Kansas City, but if you’re looking to improve your backyard with a deck, let us give you more deck for your dollar. Because we’ve been building decks in Kansas City for the last 15 years, we know the ins and outs of materials, construction, budgets, and more. We use this knowledge and experience to create backyard plans that blow our customers away. We can value engineer a plan that gives you a patio or pergola along with your deck for almost the same budget. Most of our customers are thrilled when they realize they can get so much more for so little. Let us show you what we mean. But don’t take our word for it. Hear what one of our customers had to say about her experience:
“I had a great experience working with Creative Concepts! I was prepping to sell my house and I decided to replace my old deck. My old deck was a complete eye sore! Did you know that decks can peel? Mine sure was! Caleb came up with a great design that increased the entertaining space and also allowed for more privacy. He also gave me great ideas on how I could stage the deck when I put the house on the market. Pat, the project coordinator (who has a lovely southern accent btw), went the extra mile to make sure the basketball goal in my driveway wouldn’t cause issues with construction. Aaron and his crew meticulously worked in the cold January weather to demo my deck (in one day!) and built my wonderful new deck. After everything was done, I went from the ugliest deck in the neighborhood to the best! It was also a great selling point when it came to putting my house on the market. Thank you Creative Concepts!”
– Laura Schneider
Quality Deck Designs in Kansas City
Get a quality deck plus design expertise and make the most of your backyard when you choose Creative Concepts & Design. Check us out online. We’ve got 4.8 stars out of 5 on Google. We’d love to raise your property value with a new deck and make your backyard dreams come true.