The ROI of a New Deck is how much?
Welcome to the "Adding Value to Your Property" informational series by Keys Construction and Remodeling. In this article, we'll explore the return on investment (ROI) of adding a new deck to your home in the Detroit Metro area. A deck not only enhances your outdoor living space but can also potentially increase the value of your property. We’ll discuss different deck materials and their pros and cons to help you make an informed decision. Let’s dive in!
1. Wood Decks:
Wood decks offer a classic, natural aesthetic and are generally more cost-effective upfront, which is appealing to many homeowners in areas like Royal Oak and Birmingham. However, they require regular maintenance to maintain their appearance and protect against weathering, insect damage, and rot. Staining or sealing is recommended every 1-3 years, depending on the wood type and climate. While wood decks have a lower initial cost, their long-term maintenance needs can impact the overall ROI, especially in Detroit's varying weather conditions.
2. Composite Decks:
Composite decking, made from a blend of wood fibers and recycled plastics, provides a durable and low-maintenance option, which is ideal for busy homeowners in Southfield and Novi. These decks require no staining or sealing, saving you time and money on maintenance. Composite decks are available in various colors and textures, offering a consistent and attractive appearance. Although composite decks have a higher upfront cost, their long-term durability and minimal maintenance requirements can yield a better ROI, making them a popular choice in the Metro Detroit area.
3. PVC and Aluminum Decks:
PVC and aluminum decks are relatively newer materials gaining popularity for their durability and low maintenance, particularly in high-demand areas like Bloomfield Hills and Grosse Pointe. PVC decks are resistant to moisture, rot, and insects, while aluminum decks are lightweight and provide excellent durability. These materials often come with a higher price tag, but their long lifespan and minimal maintenance needs contribute to a strong ROI over time, making them a wise investment for homeowners in the Detroit area.
Is a Deck a Good Investment?
Adding a deck to your property in the Detroit Metro area can indeed be a smart investment. According to industry experts, a well-designed and well-maintained deck can provide a return on investment of approximately 70-80% when selling your home. Decks expand the usable living space, enhance curb appeal, and appeal to buyers seeking outdoor entertaining areas, making them one of the best ways to increase property value in cities like Dearborn and Rochester Hills.
Maintenance Considerations for Pressure-Treated Wood:
Pressure-treated wood is a popular choice for decks due to its affordability and durability, particularly in areas like Livonia and Troy. However, it’s important to let the wood age and dry properly before painting or staining. Typically, it is recommended to wait at least 6-12 months after installation before applying any finishes. This allows the wood to settle and moisture content to stabilize, ensuring better adherence and longevity of the paint or stain, especially given Michigan’s climate.
Taking the Next Step with Keys Construction:
When considering adding value to your property, a new deck can provide an excellent ROI, particularly in the Detroit Metro area. While wood decks offer a classic appeal, composite, PVC, and aluminum decks require minimal maintenance and offer long-term durability. Although the upfront cost may be higher, the reduced maintenance expenses and increased lifespan can contribute to a stronger return on investment. Consult with Keys Construction and Remodeling to explore the best deck options for your home and maximize the value of your property in the Detroit area.
