We realize the importance in knowing that your outdoor living investment will add not only enjoyment value to your home, but also monetary value. If you keep up with updates to the Archadeck of Northeast Dallas blog, you have likely read our feature story Can A Screened Porch Or Patio Add Value To My Home? This story covers the answer of whether a not a screened porch or patio will add value and the variables that go into that determination. However, you may be wondering if other types of outdoor structures will add value to my home - specifically a patio or deck addition? The answer is Yes, but just like a screened porch or patio, the return on investment (should you ever decide to sell your home) is dependent on many elements.
Will A Patio Addition Add Value To My Home?
A patio addition, of an open air patio without a roof over it, or screen, will indeed add value to your home. According to bobvila.com, “Installing a patio is another project that expands and enhances your outside living area while increasing the value of your home” and a patio addition is listed among their top 12 outdoor upgrades that make your home more valuable. Also of note; on the top 12 list are an outdoor kitchen and fire pit, which are commonly built in unison with a patio or hardscape outdoor living space design.
Although a new patio addition can add and 8-12% increase in home value, having a patio professional extend or enhance your existing patio may bring you a higher ROI than a “from scratch” patio. The important thing to remember is if you spend the time and money to make your patio a standout feature of your home, you will not lose.
What Type Of Patio Is The Best Investment?
Patios can be built using a myriad of hardscape materials. The type of materials you use can affect the value incentive of the actual addition you have in mind. A good general rule of thumb to gain the most value any home improvement project is to not exceed 20% of the value of the most expensive house in your neighborhood. With that being said, your patio doesn’t have to encompass the most expensive materials in order to bring you a good ROI.
Archadeck of Northeast Dallas-Southlake designs and installs natural stone patios, Travertine patios, paver patios and stain-and-stamp concrete patios. We work closely with our clients to design a patio that best suits not only their needs and budget, but are comparable to the other outdoor living spaces in their neighborhood.
Will A New Deck Add Value To My Home?
When it comes to a deck addition for your Northeast Dallas and Southlake area home, you will likely get different figures when you consult more than one resource about the question of ROI. This means the projected return on investment will fall within a range. For example, Remodeling Magazine’s Cost vs. Value Report indicates that a homeowner can expect an average ROI of 80% from a new wood deck. Their estimate of ROI from a composite deck is lower, about 68% on a basic composite deck and about 60% for one that is extra fancy. It’s not that home buyers necessarily prefer wood decks, it simply means that it often costs less to build a wood deck so recouping those costs is easier.
Deck design details and amenities will make a difference when determining ROI too! Naturally a deck designed with all the bells and whistles will add more value (and recoup more at time of sale), than a plain Jane deck.
Features that may influence a greater ROI include deck picture framing, deck lighting, custom deck railing (including a drink rail), integrated planters, seating and much more. Additionally, choosing a deck built by a professional ensures quality craftsmanship and longevity. Here at Archadeck of Northeast Dallas-Southlake quality is evident in every detail of our decks. From focusing on keeping the fine details in the forefront. You can see the quality in our craftsmanship, in our designs, in the “little things” like deck skirting and parting boards. The details add up. When your deck builder pays attention to detail and incorporates quality details throughout, those details add up to a well-designed and well-built deck – and a deck that will add tremendous value to your home. If you work with a deck builder who doesn’t pay attention to the finer details, those details will also add up—to a mess.
Whether you want to add a deck, a covered, screened or open-air patio, or even a patio and deck combination, we would love to design and build your project. Why wait? Contact Archadeck today to schedule a design consultation for your new or expanded outdoor living space!
Agustin & Amanda Garza, owners Archadeck of Northeast Dallas-Southlake.