Timber Decking Veranda

Hi Tugger, I do add an entertainment area to all my properties, and yes they do add some $$$ when selling/renting. What I have found is that you should keep it simple/small, etc. I don’t know your area, but in my area, the summer is really hot and winter is really cold, so an entertainment area is good and a must have, however the interior of the house is the main focus, for example adding a  4^th bedroom would bring more $$$ than a deck. Talk to the agents in your area and shoot the question, also walk around the area and see what the neighbors have, etc. 

Happy Investing

Hi Tugger, 20 m2 is very close to what I normally do.

It costs me around $1,800 including materials and labor. It may cost you a little more maybe; I do this full time and have “built “economies of scale. However, $2k for a nice, elevated, entertainment deck area, always does the job, they key is to work out if this $2K investment is going to bring you income on a ratio of 1:3. Happy investing

Hi Tugger, as a rule of thumb, to make money in renos, for every dollar you pay for renovating you should get three back (this is the 1:3 ratio thing), roughly, so in your case, think about the deck, is your $2,000 investment going to increase the value of the property by $6,000?In most cases this is a yes, just make sure it applies to your market/area/property, etc. It doesn’t always follows this ratio, what normally happens is that some things like adding an extra bedroom/deck/entertainment would give you a higher ratio (value for money invested), and other things wont, however it is a good way of quickly knowing if it is going to be worth your while.  I hope I am making sense,