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It depends on how you’ll use it. Both awnings and pergolas create shelter in outdoor areas, but pergolas have grid-style roofs, which are more open than awnings and not as effective at blocking out UV rays and precipitation. Also, pergolas are permanent structures, so you can’t put them away when you aren’t using them (unlike retractable awnings).

Metal awnings last much longer than fabric thanks to their durability and resistance to fading, sun damage, and damage from the outside elements. They also need less maintenance than fabric options. Both items add curb appeal to your home, but you shouldn't expect either type of awning to add property value to your home.

An awning can last anywhere from five to 15 years and even longer sometimes. The life span of an awning depends on several factors, from its construction materials to the design and who installed it. Regular maintenance is also important here. Weather conditions also impact the life span of an awning. Choose high-quality materials and stay on top of maintenance tasks to extend longevity.

A retractable awning won’t necessarily increase your home’s value very much, but it can offer a boost of aesthetic appeal to potential buyers. In the long-term, however, a well-placed awning will save you money on cooling and protect your deck and outdoor furniture from sun exposure during the hot summer season.