With everyone spending more time at home these days, many property owners are thinking about home remodeling projects. Although it might be tempting to add a backyard swimming pool or home theater, those projects aren't likely to bring much return on investment when it comes time to sell. However, one project that'll increase the value and enjoyment of your home is a new deck.

How Does a Deck Improve Home Value?

According to the National Association of Realtors (NAR), when you're considering home remodeling projects to increase value, exterior improvements, including decks, are among the top three investments to make. In fact, a 2018 survey by the NAR revealed that homeowners can expect to recoup at least 80% of the cost of a new deck when selling their property.

A new deck can also make it easier to sell your home. The NAR says that a deck was the deciding factor for about 4% of sales, and a survey from the National Association of Home Builders reveals that Millennials include decks on their top 10 list of "must-haves" when searching for a home.

What Are Other Benefits of Adding a Deck?

A new deck adds outdoor living space to your home and increases the happiness you experience. The NAR survey assigned a "joy score" to various exterior home remodeling projects, including decks, swimming pools, and landscape features. A new deck received a score of 9.8 on a 10-point scale, with most homeowners reporting that they're very happy with the project and that it made them want to spend more time at home.

If you want to increase your enjoyment at home and give your property value a boost, have Landmark Exteriors bring your vision to life. Based in Edina, MN, these home remodeling contractors are passionate about increasing home values and improving their function and appearance through interior and exterior renovations. You can count on them to communicate with you throughout every phase of the project and focus on your satisfaction. For a free estimate, call today at (952) 221-7177 or send a message online.