The Economic Value of Outdoor Living in 2020
We’re not economists. That said, we can all agree that having a backyard escape was in high demand this year. It doesn’t take an economist to see the law of supply and demand; time spent at home increased exponentially, and places to recreate, relax, and recharge became scarce. There is no doubt having a DeckTec […]
We’re not economists.
That said, we can all agree that having a backyard escape was in high demand this year. It doesn’t take an economist to see the law of supply and demand; time spent at home increased exponentially, and places to recreate, relax, and recharge became scarce. There is no doubt having a DeckTec outdoor living space was a valuable asset for those who had invested in it. Let’s consider the ways outdoor living has gained value this year.
Sound Investing
As a homeowner trying to identify the best areas to invest your home improvement budget can be a daunting task. Fortunately, Remodeler Magazine consistently ranks decks as one of the highest returns on investment homeowners can make. “Compared to an addition or attic, building a deck costs a lot less, but provides one of the top ROI’s of all remodel projects,” says remodelingcalculator.org.
The overall ROI depends on the design materials used and the level of craftsmanship, “Yet, the average reported return on investment for a new deck is about 70%.” (With wood and quality design historically higher!)
Peace of Mind
While the appreciation of your home might be a worthy goal, the health and security of your family meant more this summer. In past years a summer vacation, or weekend road trips offered respite from another Zoom meeting.
At DeckTec, we have championed 2020 as the year of the staycation: “The average American spends about $1150 on vacation. For a family of four, that’s $4,600. And that’s just one modest vacation!”
And it’s not just the money saved that provides peace of mind. Beyond fresh air and vitamin D (sun) simply enjoying the outdoors helps to live a healthier life, too. Consider the following health benefits of outdoor living such as:
- More energy
- Improved mood
- Stronger immune system
- Restored focus
- Improved sleep
We could have all used a long vacation this summer, but it just wasn’t in the cards for many. Luckily for you, you have year-round access to a backyard retreat.
Lasting Value
Yes, it’s nice to take that vacation or to build equity in your house. Still, perhaps the most essential value-added by outdoor living is that it can last for years to come. These were just a few things that we hope brought value to your life this year. It certainly wasn’t what anyone expected, and we wish to return to some semblance of normality soon. Whatever it’s worth, DeckTec is honored to have been able to offer a place for you, your family and friends.
To be able to share the outdoors in these times, for us, that’s: priceless.
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If the market value of your home is important to you – as it is for many – adding a custom deck can increase your house value.
If you’re considering adding a custom deck to your home, reach out to HFS Financial for all of your home improvement financing needs. HFS makes it easy to fund your project with minimal documentation requirements, no equity or appraisal needed, and direct-to-consumer funding.
Adding or improving an existing deck can add a number of beneficial features to your home. Not only can a new deck improve the value of your property, but it can also make your home more enjoyable for you and your family.
HFS Financial also offers 120% financing, allowing you some financial wiggle room for those unexpected hiccups that you may find along the way of your deck-building journey. All funds are paid directly to you, the consumer, so there’s no need to coordinate contractor work with payout schedules. Handle your project your way.
Once we’ve received your information through our 60-Second Loan Application, you will be notified of possible loan options quickly to discuss and review your loan terms and the home improvement project you have in mind.
My husband Matt and I [...] have moved away from the home where we had the beautiful deck and outdoor living space you created. We will forever remember fondly that beautiful deck, and the hard work you did during a very bad economic time to fix problems around the foundation of our home. Steve, Keith, and all of your workers were fabulous and we sent several of our friends your way with referrals. We are sure that your deck helped us get a wonderful offer on our home.
We just wanted to tell you how much we enjoy the decks DeckTec constructed at our home. Their use is a constant joy. We continually receive compliments on the design and quality of your work. We look forward to many years of use.
DeckTec are absolute pros. They just finished a big deck and roof cover project at my house. The total experience from working with Steve in Design and Sales, Keith in Project Management, and Charlie, Josh, and Hank in Construction was nothing but 6 star service. 100% on time and on budget with craftsmanship and quality. Skip the “Hammer and Nails” contractors and go with DeckTec if you want an “Outdoor Living Space”. Call these people – you will not be disappointed.
I just wanted to let you know how pleased I am with the work Decktec completed refinishing my deck. It hasn’t looked this good since it was new sixteen years ago. Decktec was very professional, polite and willing to work with me to get the exact color of stain I wanted. I would recommend Decktec to anyone who wants a complete job from the great construction work starting the job, to its thorough cleanup. I’m happy my neighbor referred me to Decktec. You are the fourth company I’ve had refinish my deck and will now be the only company I use going forward.
