Custom Decks. . .and what they Cost
Remodeling magazine, a trade publication for (you guessed it) the remodeling industry, just released its 2017 Cost vs. Value issue. The primary purpose for the annual cost versus value study is to provide consumers and industry professionals with information regarding a range of remodeling and construction projects and their respective costs by national average.
Comparing year-over numbers, the industry is seeing a 3.7% increase in the cost of an upscale low-mantenance deck, and a 3.3% increase in the cost of a midrange low-maintenance deck. It is my opinion that these cost increases can be attributed, primarily, to scheduled, biannual or annual price increases from major manufacturers in the deck industry, and upward wage pressure in a very tight skilled-labor market.
The report also highlights analysis that points toward continuing cost increases resulting from "a robust remodeling market" and "steady increases in home sales and a continually improving economy propelling demand for remodeling projects".
By the numbers, the national average cost for an upscale low-maintenance deck is $39,339. The national average cost for a midrange deck is $17,249.
Also of note is the addition of a new category this year, the Backyard Patio. The project category includes a 20'x20' flagstone patio, patio door, gas fire pit, stone-veneer modular kitchen, and a 20'x20' cedar pergola. The national average cost of a midrange backyard patio is $51,985.
4 Quarters Design & Build creates a number of projects every year that seamlessly integrate the Upscale Deck and Backyard Patio categories. While these categories can easily co-exist, we've often separated them because they can be (and often are) completed in separate phases. This offers some financial flexibility to the consumer, which can be nice when the average project cost for an integrated outdoor living environment is $91,324.