Is building a deck or patio a good investment?

Adding a deck or patio should increase your home's value, but how much depends on the materials used to build it. Plus, specific features you add to it may also increase its value, such as installing new patio doors or adding a built-in firepit, hot tub or pool. To know which patio and deck materials add the most value, consider asking a local real estate agent.

Are there any tax breaks if you build a patio or deck?

If you're using a personal loan or contractor financing, there are no tax breaks for adding a deck or patio. However, if you use a home equity loan for deck or patio financing, you may be able to deduct the interest paid on the loan. Speak to a tax professional for more details.

How do most people pay for a deck or patio?

Some people may save until they can afford to build a patio or deck or use a windfall like a year-end bonus or tax refund. But most people use deck or patio financing to spread out the project's cost.

Can you pay for a deck in installments?

Most financing options, such as personal loans, contractor financing, government loans or home equity financing, are also known as installment loans. You repay the deck or patio financing in equal monthly installments over a fixed period.