As a property investor, you know that your rental property’s outdoor space can make all the difference in attracting high-quality tenants. One of the best ways to enhance your rental property’s outdoor space is to invest in a deck. But with so many types of decks available, it can be overwhelming to choose the right one for your rental property.
In this blog post, we’ll cover the key considerations you should keep in mind before selecting a deck, the various types of decks available, and how to choose the right one for your rental property.
Considerations Before Choosing a Deck
Before investing in a deck for your rental property, there are a few important considerations you should take into account. Firstly, you should consider the type of property you own. Is it a single-family home, an apartment building, or a commercial property? The type of property will impact the type of deck you can build and the budget you should allocate.
Speaking of budget, that’s another important consideration. How much are you willing to spend on a deck for your rental property? Keep in mind that while a deck can enhance your rental property’s market appraisal, it’s still an investment that needs to make sense for your budget and bottom line.
The rental market in your area is another consideration to keep in mind. Are tenants in your area looking for properties with outdoor space and decks? What types of decks are popular among renters in your area? You can get a sense of what tenants are looking for by researching the local rental market, looking at other rental properties in your area, and even talking to real estate agents.
The climate is another important factor to consider. If you live in an area with harsh winters or high humidity, some types of decks may not be suitable for your rental property. Additionally, some types of decks require more maintenance than others, which is another consideration to keep in mind.
Types of Decks for Rental Properties
Now that you’ve considered your rental property’s unique needs, it’s time to explore the various types of decks available. Here are some of the most popular types of decks for rental properties:
- Traditional Wood Decks: Wood decks are classic and timeless. They can be stained or painted to match your rental property’s aesthetics and can be a great option for properties with a rustic or traditional feel.
- Composite Decks: Composite decks are made from a combination of wood fibres and plastic. They come in a wide variety of colours and styles, making them a versatile option for any rental property.
- PVC Decks: PVC decks are made from synthetic materials and are highly resistant to moisture and insects. They require minimal maintenance and come in a variety of colours and styles.
- Aluminium Decks: Aluminium decks are durable and resistant to corrosion, making them a great option for rental properties in coastal areas.
- Concrete Decks: Concrete decks are a great option for rental properties in urban areas or for commercial properties. They are durable and require minimal maintenance.
Pros and Cons of Each Deck Type
Now that you know the types of decks available, it’s important to consider the pros and cons of each type before investing in a deck for your rental property.
Wooden decks are a classic option that can provide a natural and warm look to your outdoor space. However, they require regular maintenance to prevent rotting, warping, and insect infestation, and they may not be suitable for areas with high humidity or extreme weather conditions.
Composite decks are a low-maintenance alternative to wooden decks, as they don’t require staining, sealing, or painting. They’re also resistant to rotting, cracking, and insect damage. However, they tend to be more expensive than wooden decks, and some may fade or stain over time.
PVC decks are highly resistant to moisture and insects, making them a good choice for areas with high humidity or frequent rain. They require minimal maintenance and are available in a variety of colours and patterns. However, they tend to be more expensive than any other type of deck.
Aluminium decks are durable and resistant to corrosion, making them a good option for areas near saltwater or harsh climates. They require minimal maintenance and are fire-resistant, but they tend to be more expensive than usual.
Concrete decks are a popular choice for urban or commercial properties, as they’re durable, fire-resistant, and low-maintenance. They can also be customized with patterns and colours. However, they tend to be more expensive than other types of decks, and they may not be suitable for all types of rental properties.
Choosing the Right Deck for Your Rental Property
After considering the type of property you own, your budget, the rental market, climate, and maintenance requirements, it’s time to choose the right deck for your rental property. Here are a few factors to keep in mind:
- Cost-benefit analysis: Consider the upfront cost of the deck as well as the long-term maintenance requirements and potential return on investment.
- Durability and lifespan: Look for a deck that will withstand the wear and tear of tenants and the local climate. Consider the deck’s warranty and expected lifespan.
- Aesthetics and curb appeal: Choose a deck that will complement your rental property’s overall aesthetic and enhance its curb appeal. An improved curb appeal is a win-win situation for your property’s market appraisal especially when the overall improvement is done well.
- Maintenance requirements: Consider how much maintenance the deck will require over time and choose a deck that fits your maintenance schedule and budget.
- Tenant preferences: Consider what types of decks are popular among renters in your area and what will appeal to your target market.
Deck Building Best Practices
When it comes to building a deck for your rental property, there are a few best practices to keep in mind:
- Building codes and permits: Make sure you obtain all necessary permits and follow building codes to ensure safety and compliance.
- Hiring a professional contractor: Consider hiring a deck-building specialist who is licensed, insured, and experienced in building decks for rental properties.
- Proper installation and maintenance: Ensure that the deck is properly installed and maintained to prevent safety hazards and prolong its lifespan.
- Safety considerations for tenants: Consider safety features like railings, non-slip surfaces, and lighting to ensure your tenants are safe while enjoying the deck.
Investing in a deck for your rental property can enhance its market appraisal and attract tenants. Before choosing a deck, consider your rental property’s unique needs, the types of decks available, and the pros and cons of each type. Choose a deck that fits your budget, maintenance requirements, and tenant preferences, and follow best practices for deck building to ensure safety and compliance. With these in mind, you’ll be on your way to creating an outdoor space that will be a valuable asset to your rental property.