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Yes, Ipe is more expensive than Trex decking—both in terms of materials and installation (plus, Ipe trees are endangered). On average, Ipe decking costs $10 to $25 per square foot, while Trex decking costs $5 to $12 per square foot. Because Ipe is harder to work with, the price of installation is higher, too. For Ipe decking, you’ll pay between $20 and $45 per square foot for labor. However, with Trex decking, the labor costs range from $8 to $22 per square foot.

An above-ground pool with a deck can increase your home's value by as much as 4% to 7%, but it depends on your local climate, potential buyers, and the size and condition of your pool. Some buyers see a pool as a liability instead of a luxury, especially if it's at the end of its life span. In general, it's best to add a pool and deck to your property if it will bring you enjoyment—not because it raises the value of your home.

A wood deck requires annual cleaning and regular inspections for loose or broken boards, nails, and screws. It should be refinished by applying a stain or sealer every two to three years to protect the wood from water damage, rot, mildew, and sun fading. The exact frequency can depend on the climate and the deck's exposure to sun and moisture. If your deck is painted, it will need repainting approximately every 10 years. Signs that your deck needs refinishing include faded, splintering, or warping boards.

The cost to build a second-story deck averages $4,800, though the actual price could range as low as $420 to upwards of $16,000. While labor costs range between 35% and 50% of the total project cost, the materials and complexity of design will ultimately lead you to save or spend more money on this home addition.