Is a Deck or Patio Better for Resale Value?

If you’re thinking about adding a deck or patio to your home, you may be wondering which option is the better investment. According to the 2022 Cost vs. Value report, a wood deck has an average ROI of 87.4%, making it one of the top home renovations for increasing the value of your home. In contrast, a concrete patio has an average ROI of 73.9%.

Keep reading to learn more about the pros and cons of decks and patios, and how to choose the best option for your home.

One renovation that can add value to your home and provide a strong return on investment is a deck or patio addition. But which is the better investment: a patio or a deck? 

Resale Value:

Both patios and decks can add value to your home, but which option has the better resale value?

According to the 2022 Cost vs. Value report, a wood deck addition has an average ROI of 87.4%, making it one of the top home renovations for increasing the value of your home.

In contrast, a concrete patio has an average ROI of 73.9%, making it a solid but slightly lower-return investment.

However, it’s important to note that the actual resale value of a patio or deck will depend on a number of factors, including the specifics of the project, the materials and finishes chosen, and the current real estate market. In some cases, a patio may have a higher resale value than a deck, while in other cases a deck may be the more valuable option.

Cost:

When it comes to cost, patios and decks can both vary significantly depending on the size, materials, and complexity of the project.

In general, however, decks tend to be more expensive than patios. According to the Cost vs. Value report, the average cost of a wood deck addition is $14,360, while the average cost of a concrete patio is $6,850.