Utah’s real estate market continues to be in favor of the sellers. According to Zillow, home prices in the Beehive State already reached more than $340,000. Over the last 12 months, it went up by 11.3%. By the following year, it will only grow by at least 5.7%.
It doesn’t mean, however, that you have the full upper hand. Although the demand is high, many are also capitalizing on the warm market. If you want to ensure you get the attention of prospective buyers, it’s time to be strategic. For example, add or upgrade a deck.
How Decks Add Home Resale Value
In the 2019 Cost vs. Value Report, adding a deck remains to be one of the home projects with the highest return on investment (ROI).
A mid-range composite deck will cost about $19,000, but the return is more than $13,000. That’s about 69.1% ROI. The resale value of a wooden deck decreased compared to the previous year, but it still lets you recoup more than 75% of the cost.
The appeal of decking stems from the desire of homeowners these days to bring fun and entertainment outdoors. They are beginning to treat their yards and gardens as extensions of their living room, dining room, and even kitchen.
In fact, in a survey conducted by the American Home Furnishings Alliance, about 70% said they loved spending time outdoors. At least 40% revealed they’d like to do it if their yards are comfortable enough.
Decking fits the bill as it allows families to entertain relatives and friends. They can put up a grill and have a BBQ party. Concrete or cemented decks will permit a Jacuzzi or a spa for complete relaxation.
What makes decking even more popular is the fact homeowners and even builders can shop around for quality and effective supplies. For instance, they can already choose cementitious waterproofing decking.
This option seems to be better than asphalt since the coating becomes part of the substrate rather than remain on the surface. This level of adherence means it’s less likely to fade or experience damage quickly. It can even last for many years. The coating you apply creates a seamless look of the flooring while the surface is more resistant to water and traffic.
Wooden decks are still fabulous choices, especially if you’re looking for a more rustic look. The problem with them is that they can go through rot and damage when exposed to sudden changes in temperature and high levels of moisture.
Utah is also the land of termites—subterranean termites to be exact. They eat cellulose of wood and dig tunnels that can shield them from environmental elements. Unless you pay close attention, you might not notice their existence. Before you know it, the foundation of your deck has already deteriorated.
Adding a deck means serious lucrative business, particularly when you’re in Utah. The state has one of the most beautiful accessible outdoors in the country. But it also pays to choose the right decking. In this instance, using concrete or masonry can be a better option than wood, especially if you want to avoid termites and look for durability.