If you’re deciding whether to build a deck or patio, the first thing you should consider is cost. Although a deck will cost more to construct, it will be more functional and add to the resale value of your home. Moreover, a patio will not require as much maintenance and fewer expensive materials and features. But before you make a final decision, it’s essential to decide how you want to use the space.
For those who want to sell their property, you should compare the ROI of a new deck versus a patio before deciding. The ROI of a new deck is typically 75 percent higher than that of a balcony. You can expect to get $7,500 back if you build a deck, while a patio will only earn you $1,500. The value of your deck will also increase with the overall value of your home, so it may be worthwhile to invest in a deck instead of a patio.
Concrete patios are more expensive than wooden ones, but they have better resale value. On the other hand, a wooden deck will last for many years and will require less maintenance. However, the cost of a wooden deck may not be cheaper than that of a concrete one. The prices of the materials for a composite or concrete deck may range from $14 to $44 per square foot, while the labor costs can be as low as $10 to $30.
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The cost of a patio depends on the material used. For example, gravel costs $5 to $10 per square foot, and bluestone costs $18 to $24 per square foot. You may also have to pay for delivery and rental tools. Other materials, such as awnings or pergolas, can cost thousands of dollars. Nonetheless, both types of structures have advantages over their counterparts. A patio requires less maintenance, and a well-designed deck can increase the value of your home.
In addition to a patio and a deck, both types of outdoor structures can have high resale values. While a patio is more expensive, a wooden deck can add style and personality to the home. The latter requires more maintenance. It’s also more durable and may be the better choice for those living in humid climates. But whether a patio is better for your home’s aesthetics is a matter of personal preference.
While a concrete patio may be more expensive, it’s more affordable in the long run. It’s possible to find a more durable wooden deck for a similar price. Nevertheless, both types of materials require maintenance. Depending on the size of the deck, it’s possible to save up to 30% of the cost of a patio. So, the decision is entirely up to you!