Decks & Room Additions

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Decks and Room Additions are a Great Investment for your home!

Decks

Backyard decks have replaced patios and front porches as the social centers of suburbia in the summer, according to Homes.com. Decks are elevated to catch summer breezes and to facilitate conversations with neighbors on their decks. Large enough for a table and grill, most decks are more versatile than front porches and provide privacy from street traffic.

So how much is a deck worth? If you are house-hunting, how much does a deck add to the value of a home you are considering? If you are thinking about adding a deck, will it pay for itself when you sell, adding more value than the cost of construction?

In the NAR/NALP study, a new wood deck will recover 106 percent of its value when the house is sold. Estimated construction cost estimated was $9,450, and the estimated value that a new deck adds to the house value at the sale was $10,000. A wood deck ranked third out of the ten projects addressed by the study regarding cost recovery.

Room Additions

If you’re looking for a solid return on your investment (ROI) for a room addition, start small. According to Remodeling Magazine’s Cost vs. Value Report on ROI on mid-range addition projects in 80 U.S. cities, adding an attic bedroom, a family room, or garage addition fared best. Speak with us before you go to far into the planning stage. We can help..

That doesn’t mean that a bathroom addition, master suite addition, or two-story addition won’t add value to your home. Building those room additions still brought back more than 50 percent on homeowners’ investments in the project. The midrange bathroom addition project returned approx. 60% in resale value. Adding an attic bedroom, however, returned on average more than 83 percent of the initial investment. Talk with us, we can assist you in making the correct choice.

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