Your home is an investment. Period. So it is important to make sure you get the most out of your investment. This means home improvement. Every home improvement project you undertake increases the value of your home. Some projects, however, have better returns than others. This is what we mean when we say return on investment.
What is Return on Investment?
Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment. The result is expressed as a percentage or a ratio. The higher the percentage, the better the investment.
And returns on home improvement projects, like the cost of the projects themselves, vary from region to region. In layman’s terms, the return on investment for a new fence in Baltimore, Maryland may be different than the return on investment for a new fence in Sacramento, California.
What is the Return on Investment of a New Fence in Baltimore?
The return on investment for fencing in Maryland is dependent on the type of fence you install. A wood fence has an average ROI of 50%, while aluminum fences and vinyl fences come in around 65%. And any time you can recoup 50% or more of your initial investment, that project can be considered a good investment.
Mid-Atlantic Deck and Fence Serves Baltimore, Maryland
Mid- Atlantic Deck and Fence has been building custom fences and decks throughout Maryland since 1987. Today, we are one of Maryland’s leading and most innovative deck and fence companies, offering offers many different styles of standard wood fencing, as well as aluminum and vinyl.
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Already Have a Fence? A Deck is also a Great Investment!
The average ROI (return on investment) of a new deck is 72%. This means you can expect to recoup $0.72 for every dollar spent on your new deck when you sell your home. Click Here to learn more.
If you have any questions about fencing or decking, please contact Mid Atlantic Deck & Fence (MAD Fence) today by clicking here or calling 1-800-833-9310. We proudly serve Anne Arundel, Baltimore, Howard, Montgomery and surrounding counties.