During the recession, construction of decks dropped as people spent money on renovations that would result in a higher return on investment (ROI). Now that the economy is on an upswing, the ROI for a deck is on the rise. Remodeling Magazine’s “Cost vs. Value Report” shows a wooden deck addition resulted in an 87.4% ROI in 2014.
Decks come in all shapes and sizes. They may be attached to your existing home or built across the lawn. Stone, wood, and vinyl options are available, each with its own set of advantages and disadvantages. The cost of a new deck addition depends on its size and material used.
From covered patios to porches to outdoor kitchens, the outdoor living space project you choose will depend on your design hopes, timeline, and budget. If you’re unsure in which direction you want to head, create a list of the items you must have and those you would like to have, and then list your desired timeline and budget. These three factors – design, timeline, and budget – will lead you to an outdoor living space you can enjoy for years to come.