The Surprising Economics of Adding A Deck
To deck or not to deck. That’s a question many homeowners eventually find themselves asking. So if you find yourself sitting on the fence about adding a deck to your home, consider these three benefits.
Smart Investment: Adding a deck is one of the smartest investments you can make to your home. In fact, according to U.S. News & World Report, you can expect to recoup more than 80 percent of the costs of a deck when you sell your home. Only a steel door replacement and an attic bedroom have a higher ROI (return on investment) when it comes to home improvement projects.
Outdoor Living: Here in the Atlanta region, a deck creates added living space that can be used nine months out of the year or even longer. Yet this addition in living space is much less expensive than adding an enclosed addition…
Affordable Alternative: Adding an enclosed addition to your home such as an extra bathroom can cost from $100 - $250 per square foot, not including the additional, ongoing costs of heating and cooling the area. In contrast, the cost of a deck addition is approximately $50 per square foot.
Of course, each deck project is unique. A multitude of variables including the location and condition of the building site and home, the size, height and type of the deck, and the materials used need to be considered. Here are some ballpark estimates to help you for any average size deck of 400 square feet.
- Deck built with pressure-treated lumber: $18,000 - $22,000
- Deck built with hardwood: $27,500 - $32,500
- Deck built with composite materials: $27,500 - $32,500
As for a porch, a typical 300-square-foot project (not including deck costs), will range from $25,000 – $40,000.
Our next blog topic: Should I build my deck with hardwood or a composite material?
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