Adding a deck to your home is one of the most cost-effective ways to increase its value. According to the Value Report from Remodeling magazine, a terrace addition is one of the top 10 best home improvements. Wood decking offers the best return on investment, as it is more affordable than other materials and still increases the resale value of your home. There are several reasons why decks are so attractive.
Firstly, they provide an additional exit point from the house to the patio, which adds value. Additionally, decks increase the usable space of a house at a fraction of the cost of building a new room. Furthermore, decks are popular gathering places for guests and families alike, offering more open space than a kitchen or living room. So does having a deck increase home value? Research shows that homeowners can recover more than 75% of their return on investment (ROI) by adding a deck to their home.
Building a deck allows you to add outdoor living space to your home, and renovating and maintaining an old screened porch will also increase its value over time. However, building a screened porch is more expensive than other types of decking and its installation speed won't increase the value of your home enough to return the cost of its installation.