What is the Return on Investment for a Salt Lake City Composite Deck Addition?

The increased joy of adding a composite deck to your home is indisputable. With an outdoor retreat in your own backyard, you’ll be able to relax and entertain with ease. Investing in a composite deck addition for your home is a no-brainer when it comes to the lifestyle benefits, and with a low-maintenance composite product, you won’t have to commit a couple of weekends a year to staining or sealing.

There are some instances where homeowners know they have a limited time in their home before they will be ready to sell, making a choice to build a deck a little more complicated. In Salt Lake, that choice has recently become less difficult with the current sellers housing market and the release of the Remodeling 2017 Cost vs. Value Report.

Composite Decking is the Clear Winner in Salt Lake

Many times a homeowner who knows they are selling will choose a wood decking material. They know they will be selling and want to invest less cash into the property while still helping it make a good showing. Depending on your home, the neighborhood, and the length of time before selling, in the past, this could have been our advice to you as well.

But, today, composite decking in Salt Lake is enjoying a higher return on investment than the national average (65.2%), the Mountain region average (66.7%), and wood deck additions in Salt Lake City (54.9% by a long shot). According to the Remodeling 2017 Cost vs. Value Report, a composite deck addition in Salt Lake will get you 78.9% return on your investment.

Composite decks are in high-demand in this sellers’ market where buyers are looking for low-maintenance, easy outdoor living. Composite decking is a long-lasting product that is eco-friendly and can withstand the ever-changing weather patterns we experience in our gorgeous mountain climate, without staining or sealing.

Salt Lake’s Sellers’ Market

As reported by The Salt Lake Tribune it is a seller’s market in Salt Lake City. With high demand and low inventory due to the “roaring economy and net in-migration” prices have soared a minimum of 8-10% in most Salt Lake counties. With 6% fewer listings and a 10% rise in prices, homeowners who are selling can maximize on this unique real estate market by making their home as appealing to buyers as possible. A composite deck addition is a great choice for a pre-sale renovation.

While it is a seller’s market, no doubt, it can be a double-edged sword for those looking to stay in the Salt Lake area. Once you sell your home and enter the market as a buyer, you may be surprised you’re going to pay more money for a lateral move. And if you were looking to upgrade, you may be priced out of the market.

Don’t Sell. Add a Composite Deck & Stay Put!

If you love Salt Lake and your home’s location, upgrading or renovating your home quite likely could be your best option in this market. By creating a backyard retreat for your whole family with a new composite deck, you could enjoy your current home for many more years without a need to sell. And with a composite deck, you know that when the time comes to sell, you’ll see a great return on your initial investment. With little maintenance required, the deck will look as great when you sell as it did when completed.

Call Archadeck of Salt Lake today to learn more about how adding a custom composite deck to your home can increase your enjoyment as well as being a good investment. 801.683.2355

Enjoy backyard inspiration with our deck photo gallery.

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