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Composite decking is like other building materials that improve the structure of your house. Adding a decking will increase your taxes just the way a pool will increase your property taxes. What is composite decking, and why will it increase my taxes?

What Is A Composite Decking?

Composite decking is a structural material that you can use to build a patio in your house. The advantages of composite decking are that it will last longer than other patio materials. Aside from that, composite decking will give your yard a beautiful colour after you have installed it in your garden. 

The material composition of composite decking is wood fibre and plastics. Makers of composite materials process the wood dust and plastic in a factory when they mix them with an adhesive and heat them. The finished material is then left to cool, and when it cools, they cut them into shape so that they form composite decking boards. 

Why Composite Decking Will Increase Your Taxes

Composite decking, like other structural materials that you installed in your house, will increase your property taxes. The reason for this is simple. Adding a composite decking will increase the value of your home. What this implies is that if your home is valued at $50 000 and you install composite decking worth $5000, your home price will increase. It will no longer be valued at $50 000; rather, it will be worth $55 000. 

This is not peculiar to composite decking alone. If you install a pool in your house, the value will increase because of the pool. The same goes for building an additional structure in your garden. Those structures will increase the property value of your house. The more durable the structural material, the more your home value increases. What this implies is that the kind of patio you installed in your house affects your house value. If you install wood decking, for example, it will increase the worth of your home.

 But a composite decking will increase it more than timber decking. The same thing goes for installing composite fencing and composite cladding in your home. Anything composite is durable, and durable material is what homeowners want in their home. That is why they will price it at a higher price. Now to the issue of property taxes. The more the value of your home, the more taxes you will pay to the local authorities.

 Authorities calculate property taxes by assessing the value of your property. That is why if you improve your home, the price will go up. One such improvement you can make in your home is adding composite decking. We have mentioned that composite decking is worth more than any other patio materials. That is why a composite decking will increase the value of your home. But note that how much your property taxes go up because of installing composite decking depends on where you live.

 If your local authority charges more taxes, you will pay more than those that don’t charge more taxes. This is because most local municipalities set their property taxes and then apply them to the value of your house. When analysing how much your home is worth, the local authorities take into account your house size, condition, and any other thing you installed in it. They look at the overall value of your home and charge a percentage of it. 

Why Folks Are Still Installing Composite Decking

adding a decking will increase your taxes

Since composite decking increases the value of your home, then it is likely that your property taxes will increase. But this does not infer that you should not install composite decking in your home. Even though adding composite decking increases the property taxes of your home, folks are still building it. 

This is because when you want to sell your home, the value will go up and you will bring in more cash than someone that doesn’t install composite decking. Aside from that, composite decking is a beautiful patio material that makes your home beautiful. Also, since it is not susceptible to insect attack, insects cannot destroy it. This implies that it will last longer than any other decking material.

Conclusion

Will adding a decking increase your taxes? Adding decking to your home will increase your taxes. This is because composite decking will increase the value of your home. 

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