Pressure-treated wood contains preservatives that give the material internal protection from rot and pests. Untreated lumber won’t last more than a few years unless you choose a more expensive wood, like cedar, that naturally stands up well to moisture. Composite decking can outlast wood but is more expensive and doesn’t look as natural. Keep in mind that you’ll need to seal any exterior wood product to protect it from the elements and other forms of external damage.

An above-ground pool with a deck can increase your home's value by as much as 4% to 7%, but it depends on your local climate, potential buyers, and the size and condition of your pool. Some buyers see a pool as a liability instead of a luxury, especially if it's at the end of its life span. In general, it's best to add a pool and deck to your property if it will bring you enjoyment—not because it raises the value of your home.

Building a deck is often worth the investment, not only because it provides more utility to your yard and gives you more space to entertain but also because decks tend to add value to your home. Keep in mind that second-story decks often require concrete footings, which means they will bump up your property taxes, while decks built on the first story generally don’t require a permanent foundation and won’t affect your taxes. Even with the tax increase, decks are usually a good investment in the long run.

Materials for a second-story deck must be weather- and rot-resistant, though the specific choices will largely be determined by your budget and style preference. Pressure-treated wood is on the lower end of the price scale, but it can be customized and stained the way you like it. Composite, on the other hand, is pricier for installation and has fewer options for customization, but you’ll save money and time in the long run because it requires little maintenance.