FEATURE: 2005 COST vs. VALUE REPORT
Remodeling's Payoff
Deck Addition
Project Description: Add a 16-by-20-foot deck using pressure-treated SYP (southern yellow pine) joists supported by 4-by-4 posts set into concrete footings. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using either a matching system made of the same composite as the decking material or a compatible vinyl system.
| Deck addition |
| |
Job
Cost
|
Resale
Value
|
Cost
Recouped
|
| National Average: |
$11,294
|
$10,196
|
90.3%
|
| East Average: |
$11,366
|
$10,879
|
95.7%
|
| Midwest Average: |
$11,585
|
$9,869
|
85.2%
|
| South Average: |
$10,588
|
$8,731
|
82.5%
|
| West Average: |
$11,873
|
$11,814
|
99.5%
|
Remodeling magazine, published by Hanley-Wood LLC, has been producing this report annually for 19 years. We’d like to thank the editors and designers of Remodeling, as well as the REALTORS® who contributed to bringing you this report.
Remodeling magazine’s “Cost vs. Value Report.” ©2005 by Hanley-Wood LLC. Republication of the report is expressly prohibited without written permission of Hanley-Wood LLC.
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Order reprints of the complete 2005 “Cost vs. Value Report”—all 18 projects—for just $6.50 each plus shipping and handling at www.realtorreprints.com. For information on bulk orders over 500, contact Kelly Dewan at kdewan@reprintbuyer.com or 717/399-1900, ext. 166.
Take the 2006 Survey
Participate in next year’s “Cost vs. Value” survey! Sign up here.
Thank you to those practitioners who took the 2005 survey
Those survey respondents who also provided their contact information are listed here . Your help on this project was invaluable.
* We received sufficient data for 58 out of 60 markets surveyed compared with only 53 last year. Because of insufficient data from Grand Rapids, Mich., and Providence, R.I., no resale value numbers for those markets are provided.