Budgeting When Laying Decking
Laying deck is a project that you will see many people taking part of. However, many people struggle to keep to budget with decking plans. Learn here how to keep to budgeting when laying decking.
It may be done at home by the owner or professional help may be sought. Whichever option is chosen, one this is certain, some costing has to be done. It is thus crucial to work with a budget so that you have the best financial plan and do not end up spending more than had been budgeted for. The more elaborate that a deck plan is, the higher the cost you should be willing to spend. This is so as there is an increase in materials when one goes for designs outside the norm, thus the cost factor goes up.
On average, hiring a contractor to build a professional deck will average at $15 per square foot when use of pressure treated wood is chosen. If hardwoods are desired over the pressure treating of wood, the cost can go up to $35 per square foot. These designs will mainly use wood types such as mahogany or even oak. A remodel of an existing deck plan can vary on costs. It is thus best advised to talk with your designer for an estimate.
In choosing a deck design and costs, you ought to have an estimate of what the house is worth and how much time you expect to live in the house. It does not make business sense to spend a fortune on the deck while the house is not worth much or if you will not live as long to get the desired value out of it. It is ideal while budgeting when laying decking to have three estimates of the average deck price and choose one that offers best value. Do note that this does not mean you pick the cheapest.
Your contractor can be able to suggest to you ways of pushing your budget downwards without compromising the structural quality of the deck. A larger deck plan is advisable as it to some extent extends your living space and in actual sense extends the value of your home. Statistics have shown that home owners in most cases recoup their investment in deck building when they are selling their houses in the US. This is a real testament that the deck allows owners to sell and recoup their investment.
In most states, you will incur a small property tax when a deck is installed or remodeled. This comes from the building inspectorate who monitors the deck plans and the building of the deck when complete. A tax assessor will contact you after deck completion and examine the new deck and notify if any additional property taxes are incurred. The value is not standard and may vary depending on location.
Finally, it is good to note that insurance costs might also increase. When building, ensure you have covered the process with home owners insurance. All personnel working on the deck laying should also be insured for best results. Upon deck completion, an occupancy certificate should be offered and a policy evaluation done.
Recommended reading: How To Lay Decking Ideas For Your Home
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