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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.

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.

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.

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).