Every year, Remodeling Magazine publishes a Cost vs. Value Report that gives homeowners and contractors a good idea as to how much renovation projects cost and whether or not they tend to have good resale value. Contrary to popular belief, kitchen remodels, bathroom updates and master bedroom updates do not always give the best return on investment. In fact, in recent years, improving the exterior of a home tends to give homeowners the highest ROI. This year, for 2020, both wood and composite deck additions are among the top ten remodeling projects with the highest ROI. Throughout the United States, solid wood deck addition projects averaged $14,360, with a 73% resale value. Composite decks addition projects seemed to be a more expensive project at $19,000, with a lower resale value at 66.8%. Remember, these are averages of a wide variety of deck designs and styles. Some decks are more intricate and expensive to build than others—this raises the average cost. Not every deck has to be over 10,000 dollars. Smaller and simpler decks are always cheaper in price. At the end of the day, if and when you decide to sell, think about how much money the project will cost in total and how much you can expect to make back (around 65%-70% is a safe estimate). This will help determine if adding a deck is a smart financial investment for your personal situation.