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The longest-lasting awning materials include vinyl, polycarbonate, and polyester for their durability and cleanability. Other materials like canvas and metal can last a long time, but may wear out faster. The key to getting the longest life from your awning material is to maintain it properly by cleaning yearly, keeping debris from gathering on it, and protecting it during stormy weather or high winds by retracting it or moving it to a protected area.

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.

A covered deck can be a good investment that increases your home value—especially if you live in a hot region with a lot of sun. A covering over the deck means you can get more use out of it, even on the hottest summer days. With a permanent deck covering, you can even add ceiling fans to help cool down your deck for added comfort.

The average cost to build a pergola ranges from $2,200 to $6,400, whereas the average cost of an awning ranges from $1,400 to $4,400, meaning that an awning tends to be less expensive to build or install than a pergola. Ultimately, the less expensive option depends on a few factors, including size, quality of materials used, and location.