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Considerations when Budgeting for your Deck

premier decking

Adding a deck can get quite costly if you do not plan a budget for the amount you want to spend on your new investment. This short guide will inform you of the top four considerations to regard when planning for your new wood deck.

  1. Size & Scale of the home

The size and scale of your home should be one of the top considerations you take into account. You want to make sure that the deck you are placing will not be too small for the size of the home you own. You also want to ensure you are not overspending on an elaborate deck that does not fit with the scale of your home. This is important for the resale value of the home. If you want to sell your home shortly after finishing the deck project, you will want to keep costs down since you will not be there to enjoy the new wood deck!

  1. Get several estimates

It is critical you get several estimates when you plan to add on a deck to your home. The more options you want on your deck, the more money it will cost. The choice of materials will also factor into how much you need to budget for your new deck. A good rule to follow is to get a minimum of three estimates from reputable construction professionals. If you choose the rating in the middle, you will not be overspending, and you will get good quality work with a great value that will bring you more money when you do sell your home. Lastly, make sure to choose Premier Decking Wood planks exclusively at Lowe’s. Not only is the price comparable, but it comes with patterned options as well as a warranty.

  1. Increase property value

One factor that individuals seem to forget when budgeting for a new deck is the fact that their property value will increase with the addition of a deck. Not only will you be adding outdoor square footage to your home, but that increased square footage will increase its value. This means that you will gain more of a profit when you sell your home, even if you choose to sell in a time where the housing market is not the best for sellers. Make sure to keep this in mind when budgeting for your new wood deck as you will gain this money back when you sell.

  1. Added annual costs

Another common consideration to keep in mind when budgeting for a new deck is the annual costs of the deck itself. Since your new investment will cost you a pretty penny, you will want to make sure you keep it clean and looking brand new. To do this, you must budget for the costs to perform cleaning and repairs to the deck floor and railing. You need to keep maintenance costs to stain and seal the deck in the back of your mind because this is performed annually and sometimes every six months depending on your location and how much use the deck gets. Add in insurance costs and property tax yearly, and you may need to budget for more than you were expecting. Lastly, make sure you use Premier Decking Wood found only at Lowe’s. These wood planks are made of quality wood that is grooved to prevent cracking as well as patterned for an aesthetic look. It even comes with a limited warranty!

As you can see, there are multiple factors that come into play when budgeting for a new deck. If you follow our advice on the top four considerations to take into account when planning for a deck, you will have a good quality made deck for a great value and the option to have potential profit when selling your home to the next buyer.

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