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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.

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.

It’s not a good idea to allow heavy rain to fall on your awning, as puddling can occur and overload the awning. Your awning should be able to handle a light rain, though you should allow it to dry out before retracting it or open it to dry as soon as the rain stops. As always, consult manufacturer guidelines for using and caring for your awning.

Costs depend on material type, design complexity, and additional features like lighting or gutters.