When updating your home, getting a deck installation may be something that you have always wanted to do. There are a lot of benefits to having a deck in your home, after all. However, the potential costs are something that may scare some people away. Here is a basic breakdown of what costs to expect when installing a new deck in your home.
The first cost to consider is the material. Depending on the material, you may be looking at about $10-40 per square foot. This is a very wide price range to be looking at, which is why budgeting for materials should be a consideration when deciding what exactly you want to get out of your deck.
Another cost associated with a deck installation is what it may do to your taxes. When adding onto your home, there is always a possibility that your property taxes will increase because of it. There may also be a few inspections during the process of installing it just to make sure that everything is up to standards. Potential tax increases are something that should be considered in your budget, as well.
The last thing to consider putting in your budget is potential insurance costs of adding a new expansion to your home. You will have to contact the provider for your homeowner’s insurance to make sure that the coverage expands to the deck, and this will probably be an extra cost on your monthly premium.
There are a lot of potential costs not only in building a new deck but also in making sure that you are covered by insurance and following city ordinances. These are all things that should be taken into account before you undergo your deck installation. Be sure to talk to your homeowners insurance provider, someone with the city and a local contractor to make sure you are aware of what to expect.