Do boat docks increase your home’s value?July 19, 2019
There are many minor renovation projects or additions to your property that you can use to instantly boost value. You could put on a new roof, update one of your bathrooms, or if you live on the water, simply install a custom boat dock.
If you’re smart about your budget and work with a reputable craftsman, boat docks can be a great way to add value to your property and make better use of your access to the water. Keep reading to learn more!
How Much Value Do Boat Docks Add to Waterfront Properties?
Before you go throwing your money at the nearest contractor, it’s important to take a good look at your location, climate, water depth, and water type.
Depending on the land that your property is sitting on, investing in a custom boat deck can be a great way to add value to your property. However, if you live along an area of the lake that is really deep, your costs for installing a dock can rise significantly.
On average, you can expect an adequate-sized dock that’s in good condition and easy to maintain to add anywhere from $5,000 to $20,000 in value to your property.
The biggest advantage of installing a new boat dock is certainly curb appeal. So, if you feel like your lakefront home needs a bit of jazzing up, this could be a great way to add functionality and another element of beauty to your property in one fell swoop.
Ask the Experts Before You Buy
Still unsure of whether a new boat dock is the right choice for your property? Be sure to do your research and ask around with trusted professionals in your area for the best advice.
If you can find an option that is within your budget and will add more functionality to your lakefront property, it may be worth taking a leap.