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On average, awning costs range from $1,400 to $4,400. The low end of the cost range can be around $100 up to $7,500 on the high end. Cost factors include the type of awning, size, and location. Portable awnings are the most affordable and DIY-friendly to install, costing $100 to $400. Larger, motorized awnings tend to be more solidly built, ranging in price from $2,000 to $3,500.

Yes, awnings can add value to a home, primarily by boosting its curb appeal and providing more usable outdoor space. While the exact monetary return on investment depends on the awning's size, style, and quality, they offer an excellent appeal factor to potential buyers. For example, an awning with a trendy metal roof can be particularly attractive. Even if the direct increase in resale value is modest, a well-chosen awning enhances the home's functionality and aesthetic.

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).

You can indeed open your awning in winter. It’s a misconception that you can only open retractable awnings in the warmer months. In fact, modern awnings are strong enough to offer a little respite from the snow if you’re someone who enjoys sipping hot cocoa outside on a beautiful winter day. But if a big storm is coming, such as a hurricane or a blizzard, it’s best to close your awning until the weather calms down.