Decks are generally more expensive to build because they require elevating and railings. The difference between decks and patios is that decks are elevated, while patios are usually on the ground level. Plus, decks are usually made of wood and need more maintenance than most patios. However, decks and patios serve the same purpose, providing outdoor space for you to enjoy.

A deck is typically attached to a house and accessed via the back door. Decks are usually constructed from wood or composite materials. A terrace, on the other hand, is a raised platform that can be attached to or detached from the house and is typically made from a hard-paved material, such as paving stones. Terraces can be built on the ground or on the roof of a home.

Whether composite decking is better than wood depends on your priorities, especially regarding budget and maintenance. Composite decking offers superior longevity (30 to 50 years) and durability, and it is low-maintenance, requiring no sanding, staining, or sealing. In contrast, wood decks typically last 10 to 30 years and need refinishing every few years. While the upfront cost of composite is higher than wood, the reduced maintenance can lead to long-term savings. If a lower initial cost is the primary factor, wood is the more affordable choice.

Because adding a deck will yield a higher property value, you may have higher insurance costs. It’s important to follow the codes and regulations set by your local and state governments, so your insurance rates can be properly calculated. You may need an insurance revaluation after your deck is completed. The best course of action is to speak with an insurance professional to understand how adding a deck will impact your home’s insurance costs before you begin.