Deck vs. Patio: Which adds more value?

For years, homeowners have been discussing the better investment between a deck or patio when it comes to increasing the value of their property. Each has its own advantages, but which one adds more value when it’s time to sell?

This article will examine both options, weigh up their pros and cons, assess the financial benefits of having an outdoor space for your home, and ultimately ascertain which exterior renovation services have the potential to provide the highest return on investment.

What adds more value to a home a deck or patio?

When it comes to adding value to your home, outdoor living spaces are becoming increasingly important. Decks and patios are two popular options for creating a space to relax and entertain, but which one is the better investment?

With over 10 years of experience building decks and patios in Toronto and surrounding areas, MPREX Inc. has the experience to help you make the right choice.

Whether you are interested to build a deck or patio, our team can help you with getting started and finish your project on time and within budget.

Building a deck

Building a deck can have numerous benefits. Firstly, it can increase the value of your property.

Decks can be a great outdoor space for relaxation, entertainment, and hosting events. Also, it can enhance the overall appearance of your home and complement your landscaping.

In addition to outdoor living space, it can provide a safe and sturdy platform for outdoor furniture, grilling, and hot tubs. And, it can create a seamless transition between indoor and outdoor living spaces, allowing you to enjoy the beauty of nature while still being in the comfort of your own home.

• Enhanced outdoor entertainment and socializing space: A deck provides a designated area for hosting gatherings, barbecues, and other outdoor activities, expanding your living space and creating opportunities for memorable experiences.
• Elevated views and better utilization of uneven terrain: If your home is situated on sloping or uneven ground, a deck can be constructed to take advantage of the natural landscape, offering stunning views and transforming previously unusable areas into functional spaces.
• Potential for higher return on investment (ROI): Decks are often considered desirable features by homebuyers, and a well-designed and properly maintained deck can significantly increase the appeal and value of your home, potentially leading to a higher ROI when it comes time to sell.

Building a patio

Building a patio, on the other hand, offers its own set of advantages. Unlike decks, which are mostly elevated structures, patios are ground-level installations that provide a solid foundation for various outdoor activities.

While they may not offer the same elevated views, patios excel in their simplicity and versatility. They can be seamlessly integrated into your existing landscaping, enhancing the overall aesthetic appeal of your home.

A patio provides a safe and stable surface for outdoor furniture, grilling, and even hot tubs, ensuring a comfortable and enjoyable outdoor experience.

Additionally, patios create a seamless transition between your indoor and outdoor spaces, allowing you to fully embrace the beauty of nature while still being within the confines of your home.

• Ground-level installation: Unlike most decks, patios are built at ground level, making them easily accessible for all individuals, including those with mobility concerns. They provide a convenient and safe outdoor space for relaxation, dining, and other activities.
• Low maintenance and longevity: Patios typically require less maintenance compared to decks, as they are constructed with durable materials such as concrete, pavers, or stone. With proper care, a well-built patio can last for many years.
• Cost-effective option: Building a patio generally requires lower upfront costs compared to decks, making it a more budget-friendly option for homeowners looking to add value to their property.

How much value does an outdoor patio add?

Adding an outdoor patio to your home can increase its value significantly. How much value a patio can add to your home depends on many factors. It would be best to seek a home appraisal from a real estate agent after finishing your project to determine the exact value it can add to your home.

However, an outdoor patio provides a cost-effective option for expanding your living space and can be an excellent investment for homeowners who enjoy spending time outdoors.

Not only can adding a patio increase your home’s value, but it also provides a comfortable and inviting space for entertaining guests, relaxing, and enjoying the fresh air.

With a variety of materials and designs available, homeowners can create a patio that fits their budget and lifestyle needs.

Does a deck add resale value to your home?

Adding a deck to your home has the potential to increase its resale value, but the amount of value added can vary depending on various factors such as location, size, and type of deck.

A well-built deck that enhances the overall aesthetic of your home and provides an inviting outdoor living space can be a major selling point for potential buyers.

Additionally, decks provide functional outdoor entertainment and relaxation areas, which can be seen as valuable extensions of the home’s living space. This added benefit can help set your home apart from others on the market, potentially leading to a higher resale value.

However, it’s important to note that the extent of the value increase will depend on factors such as the size, quality, and condition of the deck, as well as the preferences and market conditions of the specific area.

Properly constructing and maintaining your deck with a professional general contractor can maximize its potential to contribute positively to the resale value of your home.

What exterior adds the most value?

When it comes to boosting the value of your home, a deck or patio addition can be a great investment. In general, a well-built and well-maintained deck tends to add more value than a patio.

However, the amount of value added can vary based on factors like the size, materials, and location of your property. Ultimately, the choice between a deck or patio will depend on your own preferences and financial situation.

Here are some things to consider when choosing between a deck or a patio:

Decks:

• Enhanced outdoor living space and entertainment area.
• Potential for higher return on investment (ROI) due to their desirability.
• Ability to utilize uneven terrain and provide elevated views.

Patios:

• Seamless integration with existing landscaping, enhancing curb appeal.
• Versatility in design and materials, allowing customization to suit preferences.
• Ground-level installation, providing accessibility for all individuals.
• Lower upfront costs compared to decks, making them a cost-effective option.
• Lower maintenance requirements, adding convenience and longevity.

If you need help deciding between building a deck or a patio, contact MPREX Inc. for a free quote for homeowners in Toronto and surrounding areas.