How Much Value Does a Composite Decking Add?
How much value does an Ultradecking composite decking add? Decking is a great addition to any house. Many have used their decking as a place to gather and socialize. It’s also a perfect setting to host parties and social gatherings. Decking is still an excellent place to kick back and relax, even if you don’t plan on doing any. Because of this, more and more people are building decking in their yards. People who are looking to buy homes also consider getting houses with decking and patios.
You may be one of the many people who are considering building a decking. But like any other smart homeowner, you are thinking about the long-term. So, the question is, can a patio increase the value of your property? If so, by how much? Is it worth building a decking? Here are the answers to these questions.
Can a Decking Increase the Value of Your Property?
Yes, building a decking can increase the value of your property. First, it increases the curb appeal of your property. Potential buyers will be looking for a house with a suitable outdoor living space. So presenting a decking will significantly boost prospective buyers’ interests. Of course, they will also consider based on the surrounding properties. So it’s crucial to build a beautiful and elegant decking that can stand out from the rest. So when you are considering increasing the resale value of your house, decking is a good project for that purpose.
The location also affects whether a decking can increase the value of a property or not. The increase in value is more prominent in areas where outdoor activities are common. So if your property is in a location where people might enjoy the outside time, the value of your home will go up as you build a decking. On the other hand, the added value will be slightly lower in places where outdoor lifestyles are unpopular, such as mountainous regions.
Of course, resale worth is often the primary reason why people consider whether a decking adds value or not. However, it doesn’t only add resale value, but it also adds enjoyment value and comfort factor. Even if you don’t plan to sell the property, you and your family can enjoy it better. If you intend to sell it, your enjoyment and comfort in your house will be a good sign that your prospective buyers will.
How Much Does a Composite Add to The Value?
There is no specific data on how much a decking can increase the value of your home. However, the general rule is that the lower the decking cost, the higher the recoup value will be. Many reports state that homeowners recoup around 60% to 80% of the decking construction cost. Other costly renovations and improvements, such as kitchen remodelling, do not recoup as much value as adding a decking.
So if you’re planning to build decking to increase your property’s home value, make sure to find cost-effective materials and projects. You can even combine decking building with other outdoor projects to potentially increase your home’s resale value. Some projects worth looking into are landscaping and building features like fire pits.
Wood Decking Vs Composite Decking?
As previously mentioned, lower-cost projects have higher returns regarding resale value. Because of this, many people consider building a wooden decking instead of composite decking. But is wood decking better than composite decking when it comes to adding value?
True, wooden decking has a higher recoup value than composite decking. For a medium-sized decking made out of composite decking boards, the home resale value can increase around 60% of the cost-value ratio. On the other hand, wooden decking can increase the value by up to 80% of the cost-value ratio. So at first glance, wooden decking may be the better option.
However, as time passes, you will spend more time, effort, and money maintaining a wooden decking than composite decking. For instance, you will need to stain, paint, and seal a wood decking every few years. On the other hand, composite decking requires less maintenance and does not need staining or sealing. It also lasts longer than most wood decking.
So to sum it all up, wood decking is a great choice for people who will sell the property within a year or two after building. Meanwhile, composite decking works best if you want a long-lasting decking and won’t be selling the property soon.