When you go to sell your house, you’re going to want to get as much value out of it as possible. Often sellers will look for simples was to increase the value of their homes, either to get more money for it or to sell it faster. Outdoor improvements, such as adding or repairing a deck or patio, are among the most recommended and practical ways to add value to your home before putting it on the market. When deciding between adding a deck or a patio to increase your home value there are several factors to consider.
Repairing and Revitalizing
If you already have a deck or a patio then repairing and revitalizing the structure you have is going to be the best option financially speaking. You may need to do some substantial repairs, or you may just need to add some outdoor furniture or planters to help the outdoor areas of your home show better. Either way, the return you will get on your investment will be higher compared to building new. As long as you keep with the outdoor space that you have, it doesn’t matter if you have a deck or a patio. Your returns on resale will be greater than building a new space.
If you are starting from scratch
A New Deck
Installing a new deck typically provides the best resale value. Decks tend to be preferred by buyers for several reasons. they provide a better view and feeling of space due to their elevation. If the home is on uneven ground, then an elevated deck can provide more flexibility and space than a patio. New decks are the most expensive outdoor addition you can make to your home. However, you will usually get back more back than what you invested in building it. This makes it a good choice for getting the most out of the resale of your home.
A New Patio
Unlike a deck, a patio is built directly on the ground. This can provide practical advantages like increases privacy and provides a low maintenance outdoor area. The fact that patios are laid directly on the ground makes them less expensive to install. The materials tend to be cheaper and the labor is less intensive. On the flip side, you tend to get less return on the investment of installing a patio. Proportionally, you often get less return on a patio than on a deck, even considering the initial cost. The primary factor that makes a patio a better option before putting your home up for resale, is that it’s quick. Patios are something you can install fast and at minimal cost, but that will make your home more attractive to potential buyers. This added feature also helps if you are trying to speed up the sale of your home.
Adding an outdoor space can be a great way to increase your home’s value. Decks and patios can both make your home more attractive to buyers and help you get more when you sell. Although the numbers say that a deck is the way to go for resale, it can be a good idea to look at other options as well. Depending on your goals, more value, or more speed, both decks and patios can be a good way to add to your home’s total resale value.